PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.4% APRpaid last 24h −0.019%

Price spread now: gTrade (Gains Network) against Phemex−0.155%7-day average −0.148% · 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−$4,705as in the Price arb table

costs, in and out, $10k−$4,70547.047% of the position

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.155%, 7d avg −0.148%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.148%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PONSUSDT	0.6052	0.0100	pay 0.0050% / 4h	3h 01m	$1.7M	$3.2M	20x
Short	gTrade (Gains Network) PONS/USD	0.6043	L +0.0033% / S −0.0033%	get 0.0004% / 1h	1m 15s	$239K	—	150x

Funding history

latest

Range statsloading…

gTrade (Gains Network) against Phemex. 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 PhemexbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.155%Rate

Slippage from Phemex: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 8 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 2 min ago	1.64 bp	41.9 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 8 min ago	130.01 bp	2471.0 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 −0.0033%	1h	0.6043	−0.155%	$239K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.363%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6047	−0.083%	$20K	$414K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6046	−0.100%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6051	−0.010%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6050	−0.031%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6047	−0.091%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6046	−0.094%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6068	+0.269%	$65K	$510K	20x	as long as short
Phemex PONSUSDTlong	+0.0100%	4h	0.6052	long leg	$1.7M	$3.2M	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0104%	1h	0.6049	−0.051%	$426K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6043	−0.154%	$376	—	3x	as long as short
KuCoin PONSUSDTM	+0.0230%	4h	0.6046	−0.096%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0232%	4h	0.6040	−0.198%	$13.9M	$55.6M	20x	as long as short
Bitget PONSUSDT	+0.0288%	4h	0.6049	−0.051%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0313%	4h	0.6042	−0.173%	$1.1M	$2.0M	20x	as long as short
Binance PONSUSDT	+0.0389%	4h	0.6046	−0.099%	$39.8M	$96.0M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	0.6046	−0.092%	$250K	$676K	5x	as long as short
MEXC PONS_USDT	+0.0396%	4h	0.6048	−0.066%	$7.9M	$4.9M	20x	as long as short
edgeX PONSUSDC	+0.0406%	4h	0.6065	+0.220%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0408%	1h	0.6049	−0.051%	$1.7M	$946K	3x	as long as short
Bybit PONSUSDT	+0.0534%	4h	0.6041	−0.182%	$18.2M	$30.7M	20x	as long as short
Nado PONS-PERP	+0.0594%	1h	0.6044	−0.132%	$104K	$115K	5x	as long as short
BingX PONS-USDT	+0.0594%	4h	0.6051	−0.017%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0629%	4h	0.6041	−0.182%	$1.8M	$982K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6043	−0.144%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0792%	1h	0.6046	−0.102%	$46K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0844%	1h	0.6047	−0.086%	$61.5M	$28.9M	3x	as long as short
Gate PONS_USDT	+0.1276%	4h	0.6046	−0.099%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6089	+0.615%	$32K	$113K	3x	as long as short