PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0586%/8h= −64.2% APRnext payment −$2.93 per $10,000 · paid last 24h −0.083%

Price spread now: OKX against Gate−0.266%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 7 days+0.325%+$32 · spread now −0.266%, 7d avg +0.011%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and OKX is 0.277% cheaper against Gate than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.258% in total (about -13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.93 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	0.6018	0.0856	pay 0.0428% / 4h	1h 58m	$5.3M	$6.1M	20x
Short	OKX PONS-USDT-SWAP	0.6002	0.0270	get 0.0135% / 4h	1h 58m	$13.8M	$54.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.266%Rate

Funding earned: −$123.12
Price spread: −0.266% → +0.011%: −$27.69
Slippage, 4 orders: −$53.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$229.45
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago	0.83 bp	32.3 bp −$32	232.5 bp −$2,325	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.65 bp	11.0 bp −$11	27.4 bp −$274	doesn't fit	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6015	−0.056%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.806%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6029	+0.183%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	+0.498%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6068	+0.836%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6026	+0.126%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6024	+0.103%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6019	+0.017%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6039	+0.346%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6009	−0.150%	$1.6M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6022	+0.065%	$423K	$2.5M	3x	as long as short
Lighter PONS	+0.0152%	1h	0.6024	+0.100%	$1.7M	$871K	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.6019	+0.025%	$375	—	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0270%	4h	0.6002	−0.266%	$13.8M	$54.1M	20x
KuCoin PONSUSDTM	+0.0320%	4h	0.6030	+0.204%	$1.7M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0372%	4h	0.6022	+0.061%	$4.7M	$11.2M	20x	as long as short
Aster PONSUSDT	+0.0429%	4h	0.6023	+0.079%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0438%	4h	0.6025	+0.116%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0454%	4h	0.6024	+0.100%	$7.7M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0455%	4h	0.6015	−0.055%	$39.3M	$93.6M	20x	as long as short
Extended PONS-USD	+0.0456%	1h	0.6020	+0.026%	$249K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0459%	4h	0.6058	+0.657%	$21K	$293K	10x	as long as short
Bybit PONSUSDT	+0.0533%	4h	0.6004	−0.233%	$17.9M	$30.3M	20x	as long as short
Nado PONS-PERP	+0.0541%	1h	0.6029	+0.183%	$71K	$131K	5x	as long as short
Polymarket Perps PONS-USD	+0.0593%	1h	0.6027	+0.141%	$48K	$1.5M	3x	as long as short
Hyperliquid PONS	+0.0596%	1h	0.6023	+0.088%	$61.4M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.6032	+0.238%	$48K	$72K	3x	as long as short
Gate PONS_USDTlong	+0.0856%	4h	0.6018	long leg	$5.3M	$6.1M	20x
Phoenix PONS	+0.1695%	1h	0.6060	+0.706%	$31K	$98K	3x	as long as short