PONS

Alert

Funding spread now, next payment 19:00 UTC+0.0068%/8h

next payment, per $10,000+$0.08paid, last 24h+0.109%paid, last 23 hours+0.236%to open and closeno order book

Long on gTrade (Gains Network)Short on Nado

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5864	L +0.0032% / S −0.0032%	pay 0.0004% / 1h	0m 48s	$212K	—	150x
Short	Nado PONS-PERP	0.5860	0.0100	get 0.0012% / 1h	0m 48s	$72K	$95K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee NadobpOrdersRate

Funding earned: $14.25
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Nado: 0 bp × 2 orders: $0
Net: $2.25
Break-even: 5.9 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 35 min ago; Nado: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.079%
Avg gap 7d: +0.143%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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), 35 min ago	130.01 bp	2119.6 bp −$2,120	16867.8 bp −$168.7K	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PONS_USDT	−0.0006%	4h	$5.2M	$7.3M	20x	as long as short
gTrade (Gains Network) PONS/USDlong	L +0.0032% / S −0.0032%	1h	$212K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	$603	$6K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	$418K	$2.4M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$499K	20x	as long as short
Nado PONS-PERPshort	+0.0100%	1h	$72K	$95K	5x
Hyperliquid PONS	+0.0100%	1h	$58.2M	$29.9M	3x	as long as short
Bybit PONSUSDT	+0.0100%	4h	$17.3M	$31.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	$1.7M	$3.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	$1.2M	$4.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni PONSUSDT	+0.0100%	1h	$34K	$315K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$27K	$536K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$63K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Aster PONSUSDT	+0.0116%	4h	$1.1M	$2.1M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	$365	—	3x	as long as short
Bitget PONSUSDT	+0.0150%	4h	$4.6M	$11.5M	20x	as long as short
Pacifica PONS	+0.0157%	1h	$46K	$116K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0181%	4h	$13.0M	$55.5M	20x	as long as short
Binance PONSUSDT	+0.0248%	4h	$37.8M	$99.1M	20x	as long as short
Extended PONS-USD	+0.0248%	1h	$87K	$535K	5x	as long as short
MEXC PONS_USDT	+0.0250%	4h	$7.1M	$5.4M	20x	as long as short
BingX PONS-USDT	+0.0252%	4h	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0254%	4h	$20K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0443%	1h	$53K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0488%	4h	$1.7M	$968K	20x	as long as short
Lighter PONS	+0.0904%	1h	$1.7M	$874K	3x	as long as short
Phoenix PONS	+0.1299%	1h	$27K	$70K	3x	as long as short