PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0203%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h −0.047%

Price spread now: gTrade (Gains Network) against Aevo−0.335%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.335% cheaper against Aevo than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.6178	0.0232	pay 0.0029% / 1h	13m 38s	$385	—	3x
Short	gTrade (Gains Network) PONS/USD	0.6157	L +0.0032% / S −0.0029%	get 0.0004% / 1h	13m 38s	$234K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aevo. 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 AevobpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.335%Rate

Funding earned: −$42.68
Price spread: −0.335% → 0.000%: −$33.52
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$104.21
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 25 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 Aevo no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 25 min ago	130.01 bp	2471.2 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

Aevo: 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/USDshort	L +0.0032% / S −0.0029%	1h	0.6157	−0.335%	$234K	—	150x
Popdex PONSUSDT	+0.0096%	1h	0.6166	−0.186%	$22K	$455K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6172	−0.097%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6187	+0.157%	$31K	$299K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6180	+0.037%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6175	−0.049%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6169	−0.142%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6174	−0.057%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6166	−0.186%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERPlong	+0.0232%	1h	0.6178	long leg	$385	—	3x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0412%	4h	0.6163	−0.235%	$14.0M	$60.7M	20x	as long as short
Gate PONS_USDT	+0.0454%	4h	0.6155	−0.364%	$5.5M	$6.6M	20x	as long as short
Aster PONSUSDT	+0.0484%	4h	0.6161	−0.267%	$1.1M	$2.4M	20x	as long as short
Variational Omni PONS	+0.0505%	4h	0.6176	−0.024%	$1.5M	$4.2M	—	as long as short
Lighter PONS	+0.0520%	1h	0.6162	−0.249%	$1.7M	$858K	3x	as long as short
KuCoin PONSUSDTM	+0.0534%	4h	0.6160	−0.275%	$1.6M	$4.0M	20x	as long as short
Lighter RH PONS	+0.0552%	1h	0.6160	−0.287%	$415K	$2.7M	3x	as long as short
Pacifica PONS	+0.0572%	1h	0.6159	−0.299%	$46K	$77K	3x	as long as short
Binance PONSUSDT	+0.0605%	4h	0.6163	−0.228%	$40.0M	$105.2M	20x	as long as short
MEXC PONS_USDT	+0.0606%	4h	0.6159	−0.299%	$7.8M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0608%	4h	0.6187	+0.151%	$20K	$292K	10x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6161	−0.261%	$103K	$827K	5x	as long as short
Hyperliquid PONS	+0.0609%	1h	0.6155	−0.364%	$62.7M	$30.5M	3x	as long as short
BingX PONS-USDT	+0.0666%	4h	0.6167	−0.170%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.0680%	4h	0.6164	−0.219%	$18.5M	$33.0M	20x	as long as short
Bitget PONSUSDT	+0.0702%	4h	0.6165	−0.196%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0847%	4h	0.6191	+0.219%	$1.8M	$1.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.1019%	1h	0.6166	−0.188%	$73K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.869%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6159	−0.304%	$47K	$127K	3x	as long as short