PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0806%/8h= −88.2% APRnext payment −$4.03 per $10,000 · paid last 24h −0.065%

Price spread now: Gate against BingX+0.033%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.033%, 7d avg −0.082%

Together, before fees−0.322%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.115% dearer against BingX than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.082%): +$11 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.213% in total) that is about 3.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.213% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.6069	0.0298	pay 0.0149% / 4h	3h 57m	—	$3.1M	—
Short	Gate PONS_USDT	0.6071	−0.0508	pay 0.0254% / 4h	3h 57m	$5.3M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$169.18
Price spread: +0.033% → −0.082%: $11.48
Slippage, 4 orders: −$45.9
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$228.59
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Gate: live order book, 1 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 BingX live order book, 12 min ago	1.64 bp	11.3 bp −$11	34.7 bp −$347	381.9 bp −$38.2K	doesn't fit
Sell Gate live order book, 1 min ago	1.65 bp	21.7 bp −$22	72.6 bp −$726	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
Gate PONS_USDTshort	−0.0508%	4h	0.6071	+0.033%	$5.3M	$6.1M	20x
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6067	−0.027%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.639%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6070	+0.015%	$424K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6078	+0.148%	$20K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6076	+0.111%	$105K	$116K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6065	−0.066%	$13.8M	$57.4M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6074	+0.085%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6082	+0.214%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6076	+0.120%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6074	+0.082%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6075	+0.101%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6079	+0.163%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6075	+0.099%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0144%	4h	0.6060	−0.140%	$1.7M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6071	+0.033%	$378	—	3x	as long as short
Aster PONSUSDT	+0.0159%	4h	0.6069	−0.005%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0180%	4h	0.6071	+0.040%	$4.7M	$11.7M	20x	as long as short
BingX PONS-USDTlong	+0.0298%	4h	0.6069	long leg	—	$3.1M	—
MEXC PONS_USDT	+0.0300%	4h	0.6068	−0.016%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0300%	4h	0.6070	+0.016%	$39.7M	$98.1M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6070	+0.014%	$252K	$681K	5x	as long as short
edgeX PONSUSDC	+0.0311%	4h	0.6078	+0.155%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0336%	1h	0.6068	−0.016%	$1.7M	$894K	3x	as long as short
BloFin PONS-USDT	+0.0539%	4h	0.6072	+0.049%	$1.8M	$1.0M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6067	−0.038%	$48K	$96K	3x	as long as short
Bybit PONSUSDT	+0.0964%	4h	0.6066	−0.049%	$18.2M	$31.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0980%	1h	0.6078	+0.140%	$41K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.1141%	1h	0.6070	+0.014%	$61.8M	$29.9M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6076	+0.109%	$31K	$102K	3x	as long as short