PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0650%/8h= +71.2% APRnext payment +$3.25 per $10,000 · paid last 24h +0.038%

Price spread now: Gate against OKX−0.068%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$790.785% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.068%, 7d avg −0.013%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.055% cheaper against OKX than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.013%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.160% in total) that is about 2.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.25 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	OKX PONS-USDT-SWAP	0.5885	0.0100	pay 0.0050% / 4h	2h 08m	$13.4M	$56.0M	20x
Short	Gate PONS_USDT	0.5881	0.0750	get 0.0375% / 4h	2h 08m	$5.1M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.068%Rate

Funding earned: $136.5
Price spread: −0.068% → −0.013%: −$5.46
Slippage, 4 orders: −$53.51
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $52.53
Costs to cover: 0.785%
Break-even: 4.3 days

Slippage from OKX: live order book, 5 min ago; Gate: live order book, 5 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 OKX live order book, 5 min ago	0.85 bp	11.1 bp −$11	28.0 bp −$280	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.55 bp	29.9 bp −$30	78.7 bp −$787	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 +0.0032% / S −0.0034%	1h	0.5879	−0.095%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.588%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5888	+0.051%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5881	−0.068%	$17.6M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0100%	4h	0.5885	long leg	$13.4M	$56.0M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5886	+0.008%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5891	+0.105%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5875	−0.172%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5885	−0.008%	$34K	$337K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5888	+0.059%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5892	+0.119%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5884	−0.012%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5895	+0.170%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5882	−0.051%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0114%	1h	0.5884	−0.017%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5885	+0.008%	$367	—	3x	as long as short
Aster PONSUSDT	+0.0161%	4h	0.5882	−0.054%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5887	+0.029%	$105K	$533K	5x	as long as short
Binance PONSUSDT	+0.0168%	4h	0.5888	+0.051%	$38.3M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0170%	4h	0.5887	+0.034%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5885	0.000%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0193%	4h	0.5883	−0.032%	$21K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0365%	1h	0.5888	+0.058%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0410%	4h	0.5880	−0.085%	$1.7M	$963K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5888	+0.045%	$47K	$103K	3x	as long as short
Lighter RH PONS	+0.0504%	1h	0.5888	+0.046%	$415K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0511%	1h	0.5891	+0.097%	$59.0M	$30.0M	3x	as long as short
Gate PONS_USDTshort	+0.0750%	4h	0.5881	−0.068%	$5.1M	$6.8M	20x
Lighter PONS	+0.0968%	1h	0.5890	+0.082%	$1.7M	$900K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5887	+0.041%	$30K	$86K	3x	as long as short