PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0188%/8h= −20.5% APRpaid last 24h −0.134%

Price spread now: gTrade (Gains Network) against Gate−0.092%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,647as in the Price arb table

costs, in and out, $10k−$4,64746.471% of the position

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.212%−$21 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.092%, 7d avg −0.090%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6059	0.0220	pay 0.0110% / 4h	19m 49s	$5.3M	$6.3M	20x
Short	gTrade (Gains Network) PONS/USD	0.6053	L +0.0033% / S −0.0032%	get 0.0004% / 1h	19m 49s	$240K	—	150x

Funding history

latest

Range statsloading…

gTrade (Gains Network) against Gate. 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 GatebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.092%Rate

Slippage from Gate: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 39 min ago.

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	2.48 bp	26.4 bp −$26	170.6 bp −$1,706	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.00 bp	2471.3 bp −$2,471	doesn't fit	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/USDshort	L +0.0033% / S −0.0032%	1h	0.6053	−0.092%	$240K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.477%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6066	+0.116%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	−0.523%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6071	+0.206%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6071	+0.201%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6067	+0.124%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6069	+0.173%	$66K	$511K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6053	−0.099%	$1.7M	$3.2M	20x	as long as short
Gate PONS_USDTlong	+0.0220%	4h	0.6059	long leg	$5.3M	$6.3M	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6068	+0.153%	$378	—	3x	as long as short
Variational Omni PONS	+0.0241%	4h	0.6050	−0.142%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0288%	1h	0.6069	+0.165%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0332%	4h	0.6069	+0.165%	$13.8M	$55.8M	20x	as long as short
Lighter PONS	+0.0384%	1h	0.6065	+0.091%	$1.7M	$884K	3x	as long as short
Bybit PONSUSDT	+0.0473%	4h	0.6069	+0.165%	$18.1M	$30.8M	20x	as long as short
Bitget PONSUSDT	+0.0478%	4h	0.6072	+0.213%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0487%	4h	0.6062	+0.043%	$1.1M	$2.1M	20x	as long as short
Lighter RH PONS	+0.0528%	1h	0.6065	+0.106%	$414K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0570%	4h	0.6070	+0.182%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.6065	+0.099%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0605%	4h	0.6041	−0.303%	$18K	$292K	10x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6065	+0.093%	$108K	$813K	5x	as long as short
Binance PONSUSDT	+0.0609%	4h	0.6067	+0.132%	$39.7M	$95.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0670%	4h	0.6065	+0.092%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0799%	1h	0.6071	+0.196%	$62.0M	$28.3M	3x	as long as short
BloFin PONS-USDT	+0.0841%	4h	0.6060	+0.017%	$1.7M	$961K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6070	+0.182%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0897%	1h	0.6067	+0.127%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6049	−0.172%	$31K	$104K	3x	as long as short