PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0360%/8h= +39.4% APRnext payment +$1.80 per $10,000 · paid last 24h +0.083%

Price spread now: Gate against OKX−0.050%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.258%+$26 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.050%, 7d avg −0.011%

Together, before fees+0.249%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.039% cheaper against OKX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.011%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.258% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6043	0.0218	pay 0.0109% / 4h	2h 31m	$13.9M	$55.6M	20x
Short	Gate PONS_USDT	0.6040	0.0578	get 0.0289% / 4h	2h 31m	$5.3M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.050%Rate

Funding earned: $75.5
Price spread: −0.050% → −0.011%: −$3.86
Slippage, 4 orders: −$41.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $5.02
Costs to cover: 0.666%
Break-even: 6.5 days

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 2 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 OKX live order book, 2 min ago	0.83 bp	11.9 bp −$12	35.3 bp −$353	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.66 bp	20.1 bp −$20	60.0 bp −$600	doesn't fit	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6041	−0.025%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.216%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6045	+0.033%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6045	+0.026%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	−0.020%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6048	+0.081%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6052	+0.144%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6056	+0.222%	$26K	$526K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6048	+0.083%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6055	+0.199%	$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
Aevo PONS-PERP	+0.0184%	1h	0.6048	+0.076%	$377	—	3x	as long as short
KuCoin PONSUSDTM	+0.0214%	4h	0.6049	+0.103%	$1.7M	$3.7M	20x	as long as short
Lighter RH PONS	+0.0216%	1h	0.6045	+0.040%	$420K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAPlong	+0.0218%	4h	0.6043	long leg	$13.9M	$55.6M	20x
Nado PONS-PERP	+0.0246%	1h	0.6040	−0.050%	$71K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0258%	4h	0.6042	−0.017%	$18.1M	$30.7M	20x	as long as short
Bitget PONSUSDT	+0.0298%	4h	0.6049	+0.094%	$4.7M	$11.3M	20x	as long as short
Lighter PONS	+0.0320%	1h	0.6046	+0.056%	$1.7M	$884K	3x	as long as short
Aster PONSUSDT	+0.0350%	4h	0.6040	−0.046%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0396%	4h	0.6047	+0.066%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0403%	4h	0.6047	+0.066%	$39.6M	$95.7M	20x	as long as short
MEXC PONS_USDT	+0.0406%	4h	0.6054	+0.182%	$7.8M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6051	+0.139%	$250K	$678K	5x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6039	−0.062%	$21K	$293K	10x	as long as short
Gate PONS_USDTshort	+0.0578%	4h	0.6040	−0.050%	$5.3M	$6.1M	20x
Hyperliquid PONS	+0.0691%	1h	0.6045	+0.025%	$61.5M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0746%	1h	0.6046	+0.050%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6027	−0.267%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6038	−0.091%	$31K	$107K	3x	as long as short