PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0268%/8h= +29.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.188%

Price spread now: Hyperliquid against gTrade (Gains Network)+0.236%7-day average +0.157% · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)+0.297%+$30 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.236%, 7d avg +0.157%

Together, before fees+0.360%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.079% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.6196	L +0.0032% / S −0.0030%	pay 0.0004% / 1h	44m 48s	$242K	—	150x
Short	Hyperliquid PONS	0.6211	0.0300	get 0.0038% / 1h	44m 48s	$63.6M	$30.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HyperliquidbpOrdersPrice spread, now +0.236%Rate

Funding earned: $56.37
Price spread: +0.236% → +0.157%: $7.95
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $43.32
Costs to cover: 0.210%
Break-even: 1.6 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 54 min ago; Hyperliquid: live order book, 9 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 gTrade (Gains Network) virtual book (oracle venue), 54 min ago	130.01 bp	2120.0 bp −$2,120	16869.2 bp −$168.7K	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.37 bp	doesn't fit	doesn't fit	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
gTrade (Gains Network) PONS/USDlong	L +0.0032% / S −0.0030%	1h	0.6196	long leg	$242K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.160%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6205	+0.141%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6210	+0.220%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6193	−0.059%	$31K	$293K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6195	−0.020%	$72K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6210	+0.222%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6204	+0.127%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6208	+0.181%	$26K	$615K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6221	+0.404%	$66K	$527K	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	0.6206	+0.157%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6209	+0.206%	$387	—	3x	as long as short
Hyperliquid PONSshort	+0.0300%	1h	0.6211	+0.236%	$63.6M	$30.8M	3x
Lighter RH PONS	+0.0312%	1h	0.6211	+0.235%	$420K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0392%	4h	0.6208	+0.189%	$14.1M	$60.8M	20x	as long as short
Aster PONSUSDT	+0.0431%	4h	0.6206	+0.152%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0468%	4h	0.6217	+0.328%	$1.6M	$4.0M	20x	as long as short
Gate PONS_USDT	+0.0548%	4h	0.6202	+0.093%	$5.4M	$6.3M	20x	as long as short
Variational Omni PONS	+0.0551%	4h	0.6199	+0.044%	$1.5M	$4.4M	—	as long as short
Extended PONS-USD	+0.0624%	1h	0.6211	+0.241%	$104K	$828K	5x	as long as short
MEXC PONS_USDT	+0.0624%	4h	0.6216	+0.319%	$7.9M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0626%	4h	0.6214	+0.282%	$40.6M	$104.4M	20x	as long as short
edgeX PONSUSDC	+0.0637%	4h	0.6186	−0.161%	$20K	$292K	10x	as long as short
Bitget PONSUSDT	+0.0696%	4h	0.6207	+0.177%	$4.9M	$13.2M	20x	as long as short
Lighter PONS	+0.0752%	1h	0.6213	+0.273%	$1.7M	$867K	3x	as long as short
Pacifica PONS	+0.0853%	1h	0.6207	+0.174%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0863%	4h	0.6207	+0.173%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.0964%	4h	0.6211	+0.238%	—	$3.3M	—	as long as short
Bybit PONSUSDT	+0.1078%	4h	0.6209	+0.206%	$18.8M	$33.2M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6205	+0.148%	$47K	$159K	3x	as long as short