Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h −0.063%

Price spread now: gTrade (Gains Network) against Aster+0.008%7-day average −0.093% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$4,603as in the Price arb table

costs, in and out, $10k−$4,61346.127% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.079%−$8 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.008%, 7d avg −0.093%

Together, before fees−0.161%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.102% dearer against Aster than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.093%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.5994	0.0412	pay 0.0206% / 4h	1h 56m	$1.1M	$2.0M	20x
Short	gTrade (Gains Network) PONS/USD	0.5995	L +0.0033% / S −0.0033%	get 0.0004% / 1h	56m 40s	$237K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aster. 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 AsterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.008%Rate

Funding earned: −$79.64
Price spread: +0.008% → −0.093%: $10.2
Slippage, 4 orders: −$4,592.74
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,682.19
Costs to cover: 46.127%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 7 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 Aster live order book, 2 min ago	3.25 bp	12.2 bp −$12	31.9 bp −$319	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 7 min ago	130.01 bp	2470.9 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

PONS on 29 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	0.5995	+0.008%	$237K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.413%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6000	+0.096%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	+0.896%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.798%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6007	+0.213%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6008	+0.223%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6000	+0.104%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6007	+0.206%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6000	+0.096%	$1.6M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0120%	1h	0.6012	+0.294%	$421K	$2.5M	3x	as long as short
Lighter PONS	+0.0136%	1h	0.6012	+0.294%	$1.7M	$871K	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.5998	+0.056%	$374	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0272%	4h	0.6027	+0.546%	$13.8M	$54.3M	20x	as long as short
Nado PONS-PERP	+0.0306%	1h	0.5998	+0.056%	$70K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0332%	4h	0.6011	+0.281%	$1.7M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0376%	4h	0.6034	+0.655%	$4.7M	$11.2M	20x	as long as short
Aster PONSUSDTlong	+0.0412%	4h	0.5994	long leg	$1.1M	$2.0M	20x
Binance PONSUSDT	+0.0446%	4h	0.6017	+0.373%	$39.3M	$93.6M	20x	as long as short
MEXC PONS_USDT	+0.0452%	4h	0.6017	+0.379%	$7.7M	$4.6M	20x	as long as short
Extended PONS-USD	+0.0456%	1h	0.6020	+0.436%	$249K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0459%	4h	0.6058	+1.056%	$21K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0484%	1h	0.6002	+0.131%	$47K	$1.5M	3x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.6033	+0.646%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0508%	4h	0.6022	+0.463%	$18.0M	$30.3M	20x	as long as short
Hyperliquid PONS	+0.0663%	1h	0.6018	+0.393%	$61.3M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.6016	+0.363%	$47K	$72K	3x	as long as short
Gate PONS_USDT	+0.0812%	4h	0.6014	+0.329%	$5.3M	$6.1M	20x	as long as short
Phoenix PONS	+0.1695%	1h	0.6002	+0.128%	$31K	$98K	3x	as long as short