PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0440%/8h= −48.2% APRnext payment −$0.55 per $10,000 · paid last 24h −0.106%

Price spread now: gTrade (Gains Network) against Pacifica−0.086%7-day average −0.139% · 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−$4,619as in the Price arb table

costs, in and out, $10k−$4,62446.241% of the position

Long on Pacifica Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.197%−$20 · spread now −0.086%, 7d avg −0.139%

Together, before fees−0.306%+ Points / potential airdropPacifica: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.053% dearer against Pacifica than usual: you sell high and buy low (spread −0.086% now, against its 7-day average of −0.139%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.5866	0.0474	pay 0.0059% / 1h	5m 21s	$47K	$103K	3x
Short	gTrade (Gains Network) PONS/USD	0.5861	L +0.0032% / S −0.0034%	get 0.0004% / 1h	5m 21s	$215K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Pacifica. 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 PacificabpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.086%Rate

Funding earned: −$92.36
Price spread: −0.086% → −0.139%: $5.29
Slippage, 4 orders: −$4,604.12
Fee Pacifica: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,711.19
Costs to cover: 46.241%
Break-even: never at this rate

Slippage from Pacifica: live order book, 17 min ago; gTrade (Gains Network): virtual book (oracle venue), 19 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 Pacifica live order book, 17 min ago	6.26 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 19 min ago	130.01 bp	2471.2 bp −$2,471	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/USDshort	L +0.0032% / S −0.0034%	1h	0.5861	−0.086%	$215K	—	150x
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.907%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5869	+0.044%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5862	−0.075%	$17.5M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5865	−0.024%	$13.3M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5868	+0.034%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5867	+0.012%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5857	−0.157%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5874	+0.129%	$34K	$338K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5875	+0.139%	$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	0.5871	+0.075%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5868	+0.024%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5876	+0.163%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5865	−0.024%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5868	+0.035%	$366	—	3x	as long as short
Nado PONS-PERP	+0.0128%	1h	0.5870	+0.061%	$89K	$103K	5x	as long as short
Aster PONSUSDT	+0.0149%	4h	0.5864	−0.036%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0164%	4h	0.5868	+0.027%	$38.1M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0166%	4h	0.5869	+0.044%	$7.5M	$5.2M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5867	+0.015%	$105K	$533K	5x	as long as short
edgeX PONSUSDC	+0.0173%	4h	0.5886	+0.341%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0176%	4h	0.5865	−0.024%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0373%	1h	0.5869	+0.037%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0407%	4h	0.5860	−0.109%	$1.7M	$959K	20x	as long as short
Pacifica PONSlong	+0.0474%	1h	0.5866	long leg	$47K	$103K	3x
Lighter RH PONS	+0.0488%	1h	0.5869	+0.049%	$415K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0518%	1h	0.5871	+0.075%	$58.9M	$30.0M	3x	as long as short
Gate PONS_USDT	+0.0706%	4h	0.5863	−0.058%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.0952%	1h	0.5871	+0.076%	$1.7M	$900K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5870	+0.064%	$30K	$86K	3x	as long as short