PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.016%

Price spread now: gTrade (Gains Network) against Popdex−0.114%7-day average −0.156% · 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−$4,796as in the Price arb table

costs, in and out, $10k−$4,80048.002% of the position

Long on Popdex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now −0.114%, 7d avg −0.156%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.042% dearer against Popdex than usual: you sell high and buy low (spread −0.114% now, against its 7-day average of −0.156%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.5899	0.0096	pay 0.0012% / 1h	23m 33s	$21K	$446K	20x
Short	gTrade (Gains Network) PONS/USD	0.5892	L +0.0032% / S −0.0034%	get 0.0004% / 1h	23m 33s	$216K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Popdex. 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 PopdexbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.114%Rate

Funding earned: −$13.03
Price spread: −0.114% → −0.156%: $4.22
Slippage, 4 orders: −$4,781.8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,809.01
Costs to cover: 48.002%
Break-even: never at this rate

Slippage from Popdex: live order book, 65 min ago; gTrade (Gains Network): virtual book (oracle venue), just now.

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 Popdex live order book, 65 min ago	7.52 bp	104.3 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), just now	130.01 bp	2471.2 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 +0.0032% / S −0.0034%	1h	0.5892	−0.114%	$216K	—	150x
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.349%	$609	$6K	5.5x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.5899	long leg	$21K	$446K	20x
Nado PONS-PERP	+0.0100%	1h	0.5900	+0.017%	$89K	$103K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5896	−0.051%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5896	−0.051%	$13.4M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5900	+0.022%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5901	+0.034%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5909	+0.166%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5907	+0.131%	$34K	$332K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5912	+0.220%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5908	+0.158%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5900	+0.017%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5918	+0.329%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5896	−0.051%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5906	+0.110%	$368	—	3x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5899	0.000%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0181%	4h	0.5898	−0.017%	$38.3M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5899	+0.004%	$105K	$533K	5x	as long as short
BingX PONS-USDT	+0.0184%	4h	0.5894	−0.085%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0199%	4h	0.5907	+0.144%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0199%	4h	0.5900	+0.023%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0352%	1h	0.5899	+0.005%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0423%	4h	0.5909	+0.170%	$1.7M	$967K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5900	+0.025%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0500%	1h	0.5901	+0.027%	$59.0M	$30.0M	3x	as long as short
Gate PONS_USDT	+0.0616%	4h	0.5900	+0.017%	$5.2M	$6.8M	20x	as long as short
Lighter RH PONS	+0.0632%	1h	0.5904	+0.081%	$396K	$2.6M	3x	as long as short
Lighter PONS	+0.1064%	1h	0.5904	+0.083%	$1.7M	$882K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5904	+0.085%	$28K	$86K	3x	as long as short