PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0510%/8h= +55.8% APRnext payment +$2.55 per $10,000 · paid last 24h −0.033%

Price spread now: edgeX against Gate−0.246%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.419%+$42 · spread now −0.246%, 7d avg +0.061%

Together, before fees+0.335%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.307% cheaper against Gate than usual: you would sell low and buy high (spread −0.246% now, against its 7-day average of +0.061%). If the spread goes back, that is −$31 on $10k: about 2.0 days of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.55 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	0.5924	0.0100	pay 0.0050% / 4h	2h 35m	$5.2M	$6.2M	20x
Short	edgeX PONSUSDC	0.5909	0.0610	get 0.0305% / 4h	2h 35m	$20K	$295K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.246%Rate

Funding earned: $107.01
Price spread: −0.246% → +0.061%: −$30.73
Slippage, 4 orders: −$65.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.98
Costs to cover: 0.893%
Break-even: 7.8 days

Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 13 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, 3 min ago	2.55 bp	25.8 bp −$26	205.0 bp −$2,050	doesn't fit	doesn't fit
Sell edgeX live order book, 13 min ago	10.95 bp	19.7 bp −$20	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/USD	L +0.0033% / S −0.0032%	1h	0.5925	+0.011%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.768%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5932	+0.132%	$414K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5938	+0.236%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5934	+0.169%	$69K	$130K	5x	as long as short
Gate PONS_USDTlong	+0.0100%	4h	0.5924	long leg	$5.2M	$6.2M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.5901	−0.392%	$29K	$334K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5947	+0.385%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5931	+0.120%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5937	+0.211%	$26K	$547K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5946	+0.373%	$64K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5937	+0.219%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5927	+0.053%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0245%	1h	0.5929	+0.079%	$60.3M	$29.2M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0374%	4h	0.5922	−0.034%	$13.4M	$54.8M	20x	as long as short
Aster PONSUSDT	+0.0483%	4h	0.5924	+0.004%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0572%	4h	0.5933	+0.149%	$4.7M	$11.8M	20x	as long as short
Variational Omni PONS	+0.0576%	4h	0.5912	−0.201%	$1.4M	$4.1M	—	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.5938	+0.236%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0608%	4h	0.5927	+0.051%	$38.7M	$94.9M	20x	as long as short
Lighter PONS	+0.0608%	1h	0.5938	+0.230%	$1.6M	$886K	3x	as long as short
Extended PONS-USD	+0.0608%	1h	0.5941	+0.294%	$106K	$807K	5x	as long as short
edgeX PONSUSDCshort	+0.0610%	4h	0.5909	−0.246%	$20K	$295K	10x
Pacifica PONS	+0.0715%	1h	0.5933	+0.153%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0748%	4h	0.5935	+0.186%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0766%	4h	0.5934	+0.169%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0804%	1h	0.5935	+0.192%	$111K	$1.7M	3x	as long as short
BloFin PONS-USDT	+0.0848%	4h	0.5939	+0.253%	$1.7M	$946K	20x	as long as short
Bybit PONSUSDT	+0.0883%	4h	0.5923	−0.017%	$17.7M	$31.0M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5887	−0.628%	$45K	$121K	3x	as long as short