PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0811%/8h= −88.8% APRnext payment −$1.01 per $10,000 · paid last 24h −0.151%

Price spread now: gTrade (Gains Network) against Polymarket Perps−0.234%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,612as in the Price arb table

costs, in and out, $10k−$4,60446.039% of the position

Long on Polymarket Perps Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.195%−$19 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.234%, 7d avg −0.150%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and gTrade (Gains Network) is 0.084% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.150%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.6062	0.0844	pay 0.0105% / 1h	49m 55s	$46K	$1.6M	3x
Short	gTrade (Gains Network) PONS/USD	0.6048	L +0.0033% / S −0.0033%	get 0.0004% / 1h	49m 55s	$240K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Polymarket Perps. 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 Polymarket PerpsbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.234%Rate

Funding earned: −$170.31
Price spread: −0.234% → −0.150%: −$8.37
Slippage, 4 orders: −$4,583.85
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,782.53
Costs to cover: 46.039%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 19 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 Polymarket Perps live order book, 4 min ago	2.57 bp	6.6 bp −$7	6.8 bp −$68	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 19 min ago	130.01 bp	2471.0 bp −$2,471	doesn't fit	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/USDshort	L +0.0033% / S −0.0033%	1h	0.6048	−0.234%	$240K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.528%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6063	+0.015%	$18K	$422K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	−0.240%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6019	−0.718%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6066	+0.064%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6063	+0.013%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6059	−0.048%	$26K	$529K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6063	+0.015%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6060	−0.035%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6062	−0.002%	$378	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0226%	4h	0.6065	+0.048%	$13.9M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0232%	4h	0.6064	+0.026%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0294%	4h	0.6068	+0.099%	$4.7M	$11.4M	20x	as long as short
Bybit PONSUSDT	+0.0337%	4h	0.6065	+0.048%	$18.2M	$30.8M	20x	as long as short
Aster PONSUSDT	+0.0339%	4h	0.6065	+0.051%	$1.1M	$2.0M	20x	as long as short
Lighter PONS	+0.0376%	1h	0.6056	−0.104%	$1.7M	$881K	3x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6027	−0.586%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0384%	4h	0.6068	+0.097%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0400%	4h	0.6065	+0.048%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0406%	4h	0.6067	+0.076%	$39.8M	$96.0M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6065	+0.053%	$250K	$682K	5x	as long as short
Nado PONS-PERP	+0.0418%	1h	0.6064	+0.026%	$71K	$132K	5x	as long as short
Lighter RH PONS	+0.0432%	1h	0.6056	−0.107%	$422K	$2.5M	3x	as long as short
BloFin PONS-USDT	+0.0640%	4h	0.6045	−0.282%	$1.8M	$980K	20x	as long as short
Hyperliquid PONS	+0.0761%	1h	0.6067	+0.081%	$61.7M	$28.7M	3x	as long as short
Gate PONS_USDT	+0.0824%	4h	0.6053	−0.150%	$5.3M	$6.1M	20x	as long as short
Polymarket Perps PONS-USDlong	+0.0844%	1h	0.6062	long leg	$46K	$1.6M	3x
Pacifica PONS	+0.0869%	1h	0.6064	+0.036%	$48K	$78K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6016	−0.760%	$31K	$107K	3x	as long as short