PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0520%/8h= −56.9% APRnext payment −$0.65 per $10,000 · paid last 24h −0.119%

Price spread now: gTrade (Gains Network) against Extended−0.129%7-day average −0.122% · 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−$4,644as in the Price arb table

costs, in and out, $10k−$4,64446.438% of the position

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.166%−$17 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.129%, 7d avg −0.122%

Together, before fees−0.132%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.122%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.5907	0.0552	pay 0.0069% / 1h	45m 59s	$101K	$811K	5x
Short	gTrade (Gains Network) PONS/USD	0.5899	L +0.0033% / S −0.0032%	get 0.0004% / 1h	45m 59s	$234K	—	150x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ExtendedbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.129%Rate

Slippage from Extended: live order book, 62 min ago; gTrade (Gains Network): virtual book (oracle venue), 63 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 62 min ago	12.04 bp	26.9 bp −$27	178.6 bp −$1,786	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 63 min ago	130.01 bp	2471.0 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
gTrade (Gains Network) PONS/USDshort	L +0.0033% / S −0.0032%	1h	0.5899	−0.129%	$234K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.062%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5907	+0.007%	$404K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5907	+0.004%	$21K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5913	+0.097%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5907	−0.002%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5908	+0.019%	$29K	$320K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5910	+0.048%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5908	+0.014%	$25K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5913	+0.112%	$64K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5906	−0.013%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5908	+0.029%	$368	—	3x	as long as short
Gate PONS_USDT	+0.0272%	4h	0.5905	−0.030%	$5.3M	$6.3M	20x	as long as short
Hyperliquid PONS	+0.0296%	1h	0.5908	+0.018%	$60.0M	$29.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0414%	4h	0.5912	+0.089%	$13.4M	$55.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0450%	1h	0.5907	+0.011%	$91K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0466%	4h	0.5907	+0.009%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USDlong	+0.0552%	1h	0.5907	long leg	$101K	$811K	5x
MEXC PONS_USDT	+0.0552%	4h	0.5911	+0.072%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0554%	4h	0.5908	+0.023%	$37.2M	$98.6M	20x	as long as short
Pacifica PONS	+0.0556%	1h	0.5908	+0.023%	$45K	$68K	3x	as long as short
edgeX PONSUSDC	+0.0571%	4h	0.5914	+0.125%	$20K	$295K	10x	as long as short
Variational Omni PONS	+0.0644%	4h	0.5912	+0.081%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0652%	4h	0.5912	+0.090%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0660%	4h	0.5913	+0.112%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0794%	4h	0.5912	+0.089%	$1.7M	$958K	20x	as long as short
Lighter PONS	+0.0800%	1h	0.5910	+0.055%	$1.6M	$828K	3x	as long as short
BingX PONS-USDT	+0.0806%	4h	0.5904	−0.047%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0816%	4h	0.5909	+0.038%	$17.6M	$31.4M	20x	as long as short
Phoenix PONS	+0.1472%	1h	0.5912	+0.085%	$45K	$127K	3x	as long as short