PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.4% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against SunX−0.184%7-day average −0.192% · 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−$4,840as in the Price arb table

costs, in and out, $10k−$4,84048.403% of the position

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)−0.107%−$11 · spread now −0.184%, 7d avg −0.192%

Together, before fees−0.124%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.192%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6092	0.0100	pay 0.0050% / 4h	4m 35s	—	$1.4M	10x
Short	gTrade (Gains Network) PONS/USD	0.6081	L +0.0033% / S −0.0033%	get 0.0004% / 1h	4m 35s	$241K	—	150x

Funding history

latest

Range statsloading…

gTrade (Gains Network) against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.184%Rate

Slippage from SunX: live order book, 10 min ago; gTrade (Gains Network): virtual book (oracle venue), 9 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 10 min ago	105.42 bp	124.2 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 9 min ago	130.01 bp	2471.1 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.014%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USDshort	L +0.0033% / S −0.0033%	1h	0.6081	−0.184%	$241K	—	150x
Lighter RH PONS	+0.0096%	1h	0.6089	−0.048%	$426K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6092	−0.003%	$20K	$421K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6090	−0.036%	$18.3M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6087	−0.085%	$13.9M	$57.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6076	−0.271%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6096	+0.059%	$32K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6090	−0.031%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6092	long leg	—	$1.4M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6091	−0.016%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6089	−0.056%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6095	+0.046%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0126%	4h	0.6086	−0.102%	$1.7M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0151%	4h	0.6089	−0.045%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6088	−0.071%	$379	—	3x	as long as short
Bitget PONSUSDT	+0.0166%	4h	0.6092	0.000%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0207%	1h	0.6094	+0.033%	$105K	$116K	5x	as long as short
MEXC PONS_USDT	+0.0292%	4h	0.6091	−0.020%	$8.0M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6088	−0.072%	$252K	$682K	5x	as long as short
Binance PONSUSDT	+0.0297%	4h	0.6094	+0.030%	$39.9M	$98.2M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6091	−0.020%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0316%	4h	0.6086	−0.100%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0336%	1h	0.6092	−0.007%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0532%	4h	0.6091	−0.020%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0646%	1h	0.6089	−0.056%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0837%	1h	0.6093	+0.017%	$62.0M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6090	−0.038%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	−0.118%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2192%	4h	0.6086	−0.102%	$5.3M	$6.3M	20x	as long as short