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 −0.094%

Price spread now: Phemex against Gate+0.017%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1251.252% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.417%−$42 on $10k

Price spread, last 3 days (all we have)+0.717%+$72 · spread now +0.017%, 7d avg +0.059%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.043% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.5911	0.0364	pay 0.0182% / 4h	2h 52m	$5.2M	$6.7M	20x
Short	Phemex PONSUSDT	0.5912	0.0100	get 0.0050% / 4h	2h 52m	$1.7M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$55.44
Price spread: +0.017% → +0.059%: −$4.26
Slippage, 4 orders: −$98.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$184.93
Costs to cover: 1.252%
Break-even: never at this rate

Slippage from Gate: live order book, just now; Phemex: live order book, 6 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, just now	4.23 bp	25.0 bp −$25	151.0 bp −$1,510	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	2.52 bp	37.6 bp −$38	doesn't fit	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	−0.025%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.145%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5903	−0.135%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5908	−0.051%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5907	−0.068%	$13.5M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5913	+0.030%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5912	+0.019%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.312%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	+0.189%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5916	+0.083%	$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	0.5921	+0.174%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5915	+0.068%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5936	+0.426%	$64K	$503K	20x	as long as short
Phemex PONSUSDTshort	+0.0100%	4h	0.5912	+0.017%	$1.7M	$3.3M	20x
Lighter RH PONS	+0.0128%	1h	0.5914	+0.042%	$398K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5907	−0.066%	$368	—	3x	as long as short
Binance PONSUSDT	+0.0168%	4h	0.5911	0.000%	$38.5M	$98.1M	20x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5916	+0.085%	$7.7M	$5.1M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5916	+0.081%	$105K	$529K	5x	as long as short
BingX PONS-USDT	+0.0190%	4h	0.5909	−0.034%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0197%	4h	0.5922	+0.194%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0225%	4h	0.5906	−0.092%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0330%	1h	0.5903	−0.135%	$38K	$1.8M	3x	as long as short
Nado PONS-PERP	+0.0338%	1h	0.5899	−0.198%	$89K	$103K	5x	as long as short
Gate PONS_USDTlong	+0.0364%	4h	0.5911	long leg	$5.2M	$6.7M	20x
BloFin PONS-USDT	+0.0413%	4h	0.5919	+0.135%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5898	−0.226%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0727%	1h	0.5916	+0.078%	$59.3M	$29.5M	3x	as long as short
Lighter PONS	+0.1032%	1h	0.5917	+0.093%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5921	+0.166%	$27K	$86K	3x	as long as short