Funding you earn now, next payment 04:00 UTC+0.0467%/8h= +51.1% APRpaid last 24h +0.136%
Price spread now: Gate against Injective+0.394%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Gate is 0.394% dearer against Injective than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5969 | 0.0033 | pay 0.0004% / 1h | 4m 39s | $614 | $10K | 5.5x |
| Short | Gate PONS_USDT | 0.5993 | 0.0500 | get 0.0250% / 4h | 4m 39s | $5.2M | $6.4M | 20x |
Injective PONS/USDC PERP
Gate PONS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $98
- Price spread: +0.394% → 0.000%
- $39.37
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $122.35
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 4 min ago | 2.50 bp | 22.1 bp −$22 | 61.2 bp −$612 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 +0.0033% / S −0.0032% | 1h | 0.5995 | +0.434% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERPlong | +0.0033% | 1h | 0.5969 | long leg | $614 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6002 | +0.544% | $21K | $435K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6014 | +0.752% | $34K | $345K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6004 | +0.580% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6006 | +0.610% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6002 | +0.546% | $26K | $536K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6021 | +0.858% | $65K | $512K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6006 | +0.611% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6002 | +0.553% | $374 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0283% | 4h | 0.6009 | +0.669% | $1.4M | $3.9M | — | as long as short |
| Nado PONS-PERP | +0.0304% | 1h | 0.6005 | +0.595% | $70K | $129K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.0322% | 4h | 0.5998 | +0.477% | $13.6M | $55.2M | 20x | as long as short |
| Lighter PONS | +0.0352% | 1h | 0.6002 | +0.548% | $1.6M | $897K | 3x | as long as short |
| Aster PONSUSDT | +0.0444% | 4h | 0.6000 | +0.513% | $1.1M | $2.1M | 20x | as long as short |
| Lighter RH PONS | +0.0448% | 1h | 0.6002 | +0.548% | $420K | $2.6M | 3x | as long as short |
| Bitget PONSUSDT | +0.0488% | 4h | 0.6004 | +0.578% | $4.6M | $11.5M | 20x | as long as short |
| Bybit PONSUSDT | +0.0498% | 4h | 0.5996 | +0.444% | $17.9M | $30.9M | 20x | as long as short |
| Gate PONS_USDTshort | +0.0500% | 4h | 0.5993 | +0.394% | $5.2M | $6.4M | 20x | |
| BingX PONS-USDT | +0.0574% | 4h | 0.6004 | +0.578% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0598% | 4h | 0.6002 | +0.544% | $7.5M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0599% | 4h | 0.6001 | +0.528% | $39.3M | $95.3M | 20x | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.6000 | +0.516% | $108K | $813K | 5x | as long as short |
| edgeX PONSUSDC | +0.0616% | 4h | 0.6003 | +0.568% | $18K | $293K | 10x | as long as short |
| KuCoin PONSUSDTM | +0.0694% | 4h | 0.5998 | +0.484% | $1.7M | $3.8M | 20x | as long as short |
| Hyperliquid PONS | +0.0819% | 1h | 0.6004 | +0.578% | $61.4M | $28.4M | 3x | as long as short |
| BloFin PONS-USDT | +0.0838% | 4h | 0.6008 | +0.645% | $1.8M | $957K | 20x | as long as short |
| Pacifica PONS | +0.0859% | 1h | 0.6000 | +0.516% | $47K | $67K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0862% | 1h | 0.6004 | +0.581% | $71K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1736% | 1h | 0.6012 | +0.714% | $33K | $104K | 3x | as long as short |
Variational Omni PONS
Nado PONS-PERP
OKX PONS-USDT-SWAP
Lighter PONS
Aster PONSUSDT
Lighter RH PONS
Bitget PONSUSDT
Bybit PONSUSDT
BingX PONS-USDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
KuCoin PONSUSDTM
Hyperliquid PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS