PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0264%/8h= −28.9% APRnext payment −$1.32 per $10,000 · paid last 24h −0.038%

Price spread now: OKX against Gate+0.119%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 7 days−0.059%−$6 · spread now +0.119%, 7d avg +0.013%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.105% dearer against Gate than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of +0.013%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.160% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.5906	0.0364	pay 0.0182% / 4h	2h 53m	$5.2M	$6.7M	20x
Short	OKX PONS-USDT-SWAP	0.5913	0.0100	get 0.0050% / 4h	2h 53m	$13.5M	$56.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$55.44
Price spread: +0.119% → +0.013%: $10.55
Slippage, 4 orders: −$51.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$121.4
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	2.53 bp	26.5 bp −$26	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.68 bp	12.4 bp −$12	31.0 bp −$310	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0034%	1h	0.5910	+0.060%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.230%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5903	−0.051%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5914	+0.135%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0100%	4h	0.5913	+0.119%	$13.5M	$56.0M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5911	+0.093%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5907	+0.020%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.397%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	+0.274%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5916	+0.168%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5910	+0.061%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5895	−0.195%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5908	+0.039%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5897	−0.152%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5907	+0.019%	$368	—	3x	as long as short
Lighter RH PONS	+0.0136%	1h	0.5902	−0.069%	$397K	$2.6M	3x	as long as short
Binance PONSUSDT	+0.0173%	4h	0.5909	+0.055%	$38.5M	$98.1M	20x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5904	−0.034%	$7.7M	$5.1M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5910	+0.061%	$105K	$529K	5x	as long as short
BingX PONS-USDT	+0.0190%	4h	0.5921	+0.254%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0197%	4h	0.5922	+0.278%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0239%	4h	0.5898	−0.133%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0330%	1h	0.5903	−0.051%	$38K	$1.8M	3x	as long as short
Nado PONS-PERP	+0.0338%	1h	0.5899	−0.113%	$89K	$103K	5x	as long as short
Gate PONS_USDTlong	+0.0364%	4h	0.5906	long leg	$5.2M	$6.7M	20x
BloFin PONS-USDT	+0.0416%	4h	0.5923	+0.288%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5898	−0.142%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0741%	1h	0.5920	+0.242%	$59.3M	$29.5M	3x	as long as short
Lighter PONS	+0.1040%	1h	0.5903	−0.047%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5921	+0.251%	$27K	$86K	3x	as long as short