PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.052%

Price spread now: OKX against gTrade (Gains Network)+0.119%7-day average +0.136% · 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−$4,620as in the Price arb table

costs, in and out, $10k−$4,61846.183% of the position

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.119%, 7d avg +0.136%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.136%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.6320	L +0.0032% / S −0.0030%	pay 0.0004% / 1h	47m 04s	$249K	—	150x
Short	OKX PONS-USDT-SWAP	0.6328	0.0377	get 0.0188% / 4h	1h 47m	$14.3M	$60.2M	20x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee OKXbpOrdersPrice spread, now +0.119%Rate

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 65 min ago; OKX: live order book, 5 min ago.

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 exchange), 65 min ago	130.01 bp	2119.3 bp −$2,119	16867.7 bp −$168.7K	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.58 bp	14.9 bp −$15	31.4 bp −$314	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/USDlong	L +0.0032% / S −0.0030%	1h	0.6320	long leg	$249K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.043%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6333	+0.198%	$23K	$405K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6350	+0.459%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6334	+0.221%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6329	+0.138%	—	$877K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6333	+0.203%	$27K	$637K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6343	+0.361%	$67K	$541K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6336	+0.246%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0107%	1h	0.6331	+0.167%	$77K	$105K	5x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps PONS-USD	+0.0205%	1h	0.6330	+0.156%	$74K	$2.1M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6330	+0.150%	$394	—	3x	as long as short
Lighter RH PONS	+0.0336%	1h	0.6331	+0.170%	$447K	$2.6M	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0377%	4h	0.6328	+0.119%	$14.3M	$60.2M	20x
Lighter PONS	+0.0432%	1h	0.6333	+0.197%	$1.8M	$852K	3x	as long as short
KuCoin PONSUSDTM	+0.0468%	4h	0.6331	+0.175%	$1.8M	$4.3M	20x	as long as short
Hyperliquid PONS	+0.0520%	1h	0.6331	+0.175%	$65.0M	$30.9M	3x	as long as short
Aster PONSUSDT	+0.0535%	4h	0.6331	+0.162%	$1.2M	$2.2M	20x	as long as short
Gate PONS_USDT	+0.0584%	4h	0.6329	+0.135%	$5.4M	$6.4M	20x	as long as short
Variational Omni PONS	+0.0612%	4h	0.6335	+0.236%	$1.6M	$4.3M	—	as long as short
Pacifica PONS	+0.0616%	1h	0.6329	+0.136%	$46K	$76K	3x	as long as short
Extended PONS-USD	+0.0648%	1h	0.6335	+0.229%	$183K	$881K	5x	as long as short
MEXC PONS_USDT	+0.0650%	4h	0.6333	+0.198%	$7.8M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0651%	4h	0.6337	+0.262%	$41.6M	$101.2M	20x	as long as short
edgeX PONSUSDC	+0.0669%	4h	0.6335	+0.228%	$19K	$293K	10x	as long as short
Bitget PONSUSDT	+0.0756%	4h	0.6335	+0.235%	$5.1M	$13.5M	20x	as long as short
BingX PONS-USDT	+0.0770%	4h	0.6326	+0.088%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0832%	4h	0.6331	+0.167%	$19.2M	$32.6M	20x	as long as short
BloFin PONS-USDT	+0.0891%	4h	0.6333	+0.198%	$1.9M	$1.1M	20x	as long as short
Phoenix PONS	+0.1637%	1h	0.6332	+0.190%	$48K	$162K	3x	as long as short