PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0450%/8h= −49.3% APRnext payment −$2.25 per $10,000 · paid last 24h +0.065%

Price spread now: BingX against Gate+0.102%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$730.731% of the position

Long on Gate Short on BingX

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)−0.044%−$4 · spread now +0.102%, 7d avg +0.084%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.213%, so the current rate has only just turned against you.

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 −$2.25 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	Gate PONS_USDT	0.5896	0.0634	pay 0.0317% / 4h	2h 22m	$5.1M	$6.8M	20x
Short	BingX PONS-USDT	0.5902	0.0184	get 0.0092% / 4h	2h 22m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$94.5
Price spread: +0.102% → +0.084%: $1.77
Slippage, 4 orders: −$48.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$165.79
Costs to cover: 0.731%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BingX: live order book, 7 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 Gate live order book, 1 min ago	2.55 bp	25.0 bp −$25	214.8 bp −$2,148	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.85 bp	10.0 bp −$10	20.8 bp −$208	131.8 bp −$13.2K	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/USD	L +0.0032% / S −0.0034%	1h	0.5892	−0.063%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.400%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5905	+0.153%	$21K	$446K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5904	+0.137%	$89K	$103K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5903	+0.119%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5903	+0.119%	$13.4M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5896	−0.003%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5903	+0.112%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5909	+0.217%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5907	+0.181%	$34K	$332K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5904	+0.139%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5901	+0.090%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5897	+0.017%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5899	+0.047%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5888	−0.136%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5899	+0.059%	$368	—	3x	as long as short
Binance PONSUSDT	+0.0178%	4h	0.5903	+0.125%	$38.4M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5898	+0.034%	$7.5M	$5.2M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5896	+0.008%	$106K	$533K	5x	as long as short
BingX PONS-USDTshort	+0.0184%	4h	0.5902	+0.102%	—	$3.1M	—
edgeX PONSUSDC	+0.0199%	4h	0.5907	+0.195%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0199%	4h	0.5895	−0.012%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0352%	1h	0.5899	+0.056%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5901	+0.085%	$1.7M	$965K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5899	+0.050%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0496%	1h	0.5899	+0.044%	$59.0M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0608%	1h	0.5901	+0.088%	$405K	$2.6M	3x	as long as short
Gate PONS_USDTlong	+0.0634%	4h	0.5896	long leg	$5.1M	$6.8M	20x
Lighter PONS	+0.1032%	1h	0.5902	+0.103%	$1.7M	$883K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5904	+0.136%	$28K	$86K	3x	as long as short