PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0258%/8h= +28.3% APRnext payment +$1.29 per $10,000 · paid last 24h +0.094%

Price spread now: Gate against Phemex+0.051%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1291.285% of the position

Long on Phemex Short on Gate

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)−0.785%−$79 · spread now +0.051%, 7d avg −0.059%

Together, before fees−0.368%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.110% dearer against Phemex than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PONSUSDT	0.5897	0.0100	pay 0.0050% / 4h	2h 53m	$1.6M	$3.3M	20x
Short	Gate PONS_USDT	0.5900	0.0358	get 0.0179% / 4h	2h 53m	$5.2M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +0.051%Rate

Funding earned: $54.18
Price spread: +0.051% → −0.059%: $11.04
Slippage, 4 orders: −$101.5
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.29
Costs to cover: 1.285%
Break-even: 15.2 days

Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 4 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 Phemex live order book, 5 min ago	2.52 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.53 bp	25.5 bp −$25	61.1 bp −$611	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	0.5892	−0.077%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.383%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5901	+0.068%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5895	−0.034%	$17.8M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5896	−0.017%	$13.5M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5896	−0.022%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5904	+0.117%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.551%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	+0.427%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5901	+0.070%	$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	0.5910	+0.214%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5895	−0.042%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5908	+0.192%	$64K	$503K	20x	as long as short
Phemex PONSUSDTlong	+0.0100%	4h	0.5897	long leg	$1.6M	$3.3M	20x
Aevo PONS-PERP	+0.0128%	1h	0.5901	+0.065%	$368	—	3x	as long as short
Lighter RH PONS	+0.0136%	1h	0.5902	+0.083%	$397K	$2.6M	3x	as long as short
Binance PONSUSDT	+0.0173%	4h	0.5900	+0.049%	$38.5M	$98.1M	20x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5902	+0.085%	$7.7M	$5.1M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5902	+0.082%	$105K	$529K	5x	as long as short
BingX PONS-USDT	+0.0190%	4h	0.5903	+0.102%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0192%	4h	0.5932	+0.594%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0239%	4h	0.5901	+0.067%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0313%	1h	0.5899	+0.037%	$38K	$1.8M	3x	as long as short
Gate PONS_USDTshort	+0.0358%	4h	0.5900	+0.051%	$5.2M	$6.7M	20x
Nado PONS-PERP	+0.0408%	1h	0.5903	+0.103%	$89K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0416%	4h	0.5923	+0.441%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5907	+0.169%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0702%	1h	0.5905	+0.129%	$59.1M	$29.5M	3x	as long as short
Lighter PONS	+0.1040%	1h	0.5903	+0.105%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5931	+0.583%	$27K	$86K	3x	as long as short