PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h +0.019%

Price spread now: Polymarket Perps against Gate−0.002%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$550.550% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.002%, 7d avg −0.017%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6012	0.0586	pay 0.0293% / 4h	2h 32m	$5.3M	$6.1M	20x
Short	Polymarket Perps PONS-USD	0.6012	0.0726	get 0.0091% / 1h	32m 45s	$45K	$1.6M	3x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.002%Rate

Slippage from Gate: live order book, 1 min ago; Polymarket Perps: live order book, 1 min ago.

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, 1 min ago	1.66 bp	20.9 bp −$21	172.6 bp −$1,726	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	1.91 bp	8.1 bp −$8	8.9 bp −$89	doesn't fit	doesn't fit

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 +0.0033% / S −0.0033%	1h	0.6003	−0.143%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.707%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6013	+0.017%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6045	+0.542%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.496%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6019	+0.118%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6020	+0.135%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6011	−0.020%	$26K	$526K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6037	+0.414%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6011	−0.017%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6021	+0.148%	$420K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6015	+0.042%	$375	—	3x	as long as short
KuCoin PONSUSDTM	+0.0214%	4h	0.6029	+0.278%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0218%	4h	0.6027	+0.250%	$13.8M	$55.4M	20x	as long as short
Nado PONS-PERP	+0.0246%	1h	0.6016	+0.060%	$70K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0256%	4h	0.6028	+0.266%	$18.1M	$30.6M	20x	as long as short
Bitget PONSUSDT	+0.0298%	4h	0.6031	+0.318%	$4.7M	$11.3M	20x	as long as short
Lighter PONS	+0.0312%	1h	0.6023	+0.181%	$1.7M	$884K	3x	as long as short
Aster PONSUSDT	+0.0360%	4h	0.6010	−0.033%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0396%	4h	0.6024	+0.200%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0406%	4h	0.6027	+0.255%	$39.5M	$95.7M	20x	as long as short
MEXC PONS_USDT	+0.0406%	4h	0.6023	+0.183%	$7.7M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6011	−0.014%	$249K	$682K	5x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6039	+0.453%	$21K	$293K	10x	as long as short
Gate PONS_USDTlong	+0.0586%	4h	0.6012	long leg	$5.3M	$6.1M	20x
Hyperliquid PONS	+0.0687%	1h	0.6026	+0.238%	$61.3M	$28.2M	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0726%	1h	0.6012	−0.002%	$45K	$1.6M	3x
Pacifica PONS	+0.0869%	1h	0.6027	+0.247%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6038	+0.424%	$31K	$107K	3x	as long as short