PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0440%/8h= −48.2% APRnext payment −$2.20 per $10,000 · paid last 24h −0.096%

Price spread now: Orderly against Gate+0.278%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.278% dearer against Gate than usual: you sell high and buy low (spread +0.278% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6291	0.0540	pay 0.0270% / 4h	49m 55s	$5.4M	$6.4M	20x
Short	Orderly PERP_PONS_USDC_mythos	0.6309	0.0100	get 0.0050% / 4h	49m 55s	$2K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.278%Rate

Funding earned: −$92.4
Price spread: +0.278% → 0.000%: $27.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$85.58
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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, 2 min ago	3.17 bp	28.1 bp −$28	172.9 bp −$1,729	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 exchanges

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 +0.0031% / S −0.0029%	1h	0.6303	+0.192%	$248K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.603%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6313	+0.350%	$21K	$396K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6314	+0.368%	$77K	$92K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6338	+0.747%	$32K	$286K	5x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.6309	+0.278%	$2K	$4K	10x
SunX PONS-USDT	+0.0100%	4h	0.6316	+0.404%	—	$828K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6303	+0.199%	$27K	$595K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6309	+0.278%	$65K	$549K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6292	+0.016%	$1.7M	$3.2M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0216%	1h	0.6307	+0.247%	$393	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0263%	4h	0.6292	+0.016%	$13.9M	$59.1M	20x	as long as short
Hyperliquid PONS	+0.0399%	1h	0.6293	+0.027%	$64.4M	$29.4M	3x	as long as short
Aster PONSUSDT	+0.0413%	4h	0.6292	+0.010%	$1.2M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0500%	4h	0.6292	+0.016%	$1.8M	$4.3M	20x	as long as short
Pacifica PONS	+0.0517%	1h	0.6312	+0.327%	$46K	$73K	3x	as long as short
Lighter RH PONS	+0.0536%	1h	0.6302	+0.178%	$458K	$2.6M	3x	as long as short
Gate PONS_USDTlong	+0.0540%	4h	0.6291	long leg	$5.4M	$6.4M	20x
Binance PONSUSDT	+0.0550%	4h	0.6294	+0.053%	$40.6M	$98.2M	20x	as long as short
Extended PONS-USD	+0.0552%	1h	0.6292	+0.019%	$182K	$849K	5x	as long as short
MEXC PONS_USDT	+0.0552%	4h	0.6299	+0.127%	$7.7M	$4.5M	20x	as long as short
Variational Omni PONS	+0.0573%	4h	0.6319	+0.442%	$1.5M	$3.8M	—	as long as short
Polymarket Perps PONS-USD	+0.0582%	1h	0.6315	+0.389%	$88K	$2.0M	3x	as long as short
edgeX PONSUSDC	+0.0585%	4h	0.6327	+0.580%	$18K	$294K	10x	as long as short
Bitget PONSUSDT	+0.0684%	4h	0.6298	+0.103%	$5.0M	$13.1M	20x	as long as short
BingX PONS-USDT	+0.0712%	4h	0.6286	−0.079%	—	$3.1M	—	as long as short
Lighter PONS	+0.0728%	1h	0.6306	+0.238%	$1.8M	$848K	3x	as long as short
Bybit PONSUSDT	+0.0740%	4h	0.6296	+0.079%	$18.9M	$31.4M	20x	as long as short
BloFin PONS-USDT	+0.0798%	4h	0.6314	+0.366%	$1.8M	$1.1M	20x	as long as short
Phoenix PONS	+0.1439%	1h	0.6328	+0.582%	$48K	$153K	3x	as long as short