PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0378%/8h= +41.4% APRnext payment +$1.89 per $10,000 · paid last 24h +0.114%

Price spread now: Gate against Orderly−0.065%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Gate is 0.065% cheaper against Orderly than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.5992	0.0100	pay 0.0050% / 4h	1h 44m	$2K	$3K	10x
Short	Gate PONS_USDT	0.5988	0.0478	get 0.0239% / 4h	1h 44m	$5.2M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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 OrderlybpFee GatebpOrdersPrice spread, now −0.065%Rate

Funding earned: $79.38
Price spread: −0.065% → 0.000%: −$6.51
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $51.87
Costs to cover: 0.210%
Break-even: 2.4 days

Slippage unknown: Orderly: 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 Orderly no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	2.51 bp	22.9 bp −$23	66.8 bp −$668	doesn't fit	doesn't fit

Orderly: 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 −0.0033%	1h	0.5976	−0.265%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.374%	$614	$10K	5.5x	as long as short
Lighter PONS	+0.0096%	1h	0.5992	0.000%	$1.7M	$874K	3x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5990	−0.033%	$420K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5982	−0.165%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5962	−0.494%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.5992	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.5983	−0.152%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5991	−0.020%	$26K	$517K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6005	+0.217%	$64K	$507K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5991	−0.015%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0105%	4h	0.5961	−0.516%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5990	−0.031%	$373	—	3x	as long as short
Nado PONS-PERP	+0.0245%	1h	0.5985	−0.115%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0278%	4h	0.5993	+0.018%	$13.7M	$54.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0346%	4h	0.5991	−0.010%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0384%	4h	0.5997	+0.083%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0399%	4h	0.5985	−0.122%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDT	+0.0460%	4h	0.5992	+0.002%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0461%	4h	0.5995	+0.046%	$39.2M	$93.7M	20x	as long as short
Extended PONS-USD	+0.0464%	1h	0.5987	−0.084%	$248K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0470%	4h	0.5954	−0.634%	$18K	$295K	10x	as long as short
Gate PONS_USDTshort	+0.0478%	4h	0.5988	−0.065%	$5.2M	$6.2M	20x
BingX PONS-USDT	+0.0498%	4h	0.5999	+0.118%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0506%	4h	0.5994	+0.035%	$18.0M	$30.3M	20x	as long as short
BloFin PONS-USDT	+0.0701%	4h	0.5986	−0.098%	$1.8M	$953K	20x	as long as short
Hyperliquid PONS	+0.0716%	1h	0.5997	+0.088%	$61.1M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5982	−0.169%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0769%	1h	0.5985	−0.122%	$49K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5973	−0.319%	$31K	$98K	3x	as long as short