PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h −0.173%

Price spread now: gTrade (Gains Network) against Polymarket Perps+0.079%235s7-day average −0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4,61246.119% of the position

Long on Polymarket Perps Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)−0.278%−$28 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.079%, 7d avg −0.162%

Together, before fees−0.526%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.241% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.162%): +$24 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 2 days (−0.278% in total) that is about 33 hours. The two prices were read 235 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.6328	0.0208	pay 0.0026% / 1h	48m 56s	$74K	$2.1M	3x
Short	gTrade (Gains Network) PONS/USD	0.6333	L +0.0032% / S −0.0030%	get 0.0004% / 1h	48m 56s	$249K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Polymarket Perps. 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 Polymarket PerpsbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.079%Rate

Funding earned: −$37.42
Price spread: +0.079% → −0.162%: $24.09
Slippage, 4 orders: −$4,591.94
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,625.28
Costs to cover: 46.119%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle exchange), 63 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 Polymarket Perps live order book, 3 min ago	4.34 bp	13.2 bp −$13	14.1 bp −$141	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle exchange), 63 min ago	130.01 bp	2471.0 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

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/USDshort	L +0.0032% / S −0.0030%	1h	0.6333	+0.079%	$249K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.154%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6330	+0.033%	$23K	$405K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6330	+0.029%	$77K	$105K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6350	+0.341%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6332	+0.070%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6329	+0.022%	—	$879K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6330	+0.030%	$27K	$637K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6350	+0.354%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6332	+0.065%	$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
Polymarket Perps PONS-USDlong	+0.0208%	1h	0.6328	long leg	$74K	$2.1M	3x
Aevo PONS-PERP	+0.0240%	1h	0.6331	+0.041%	$394	—	3x	as long as short
Lighter RH PONS	+0.0304%	1h	0.6330	+0.033%	$447K	$2.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0369%	4h	0.6329	+0.017%	$14.4M	$60.0M	20x	as long as short
Lighter PONS	+0.0416%	1h	0.6332	+0.073%	$1.8M	$852K	3x	as long as short
KuCoin PONSUSDTM	+0.0460%	4h	0.6334	+0.103%	$1.8M	$4.3M	20x	as long as short
Hyperliquid PONS	+0.0533%	1h	0.6334	+0.092%	$65.0M	$30.9M	3x	as long as short
Aster PONSUSDT	+0.0534%	4h	0.6328	+0.008%	$1.2M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0612%	4h	0.6335	+0.118%	$1.6M	$4.3M	—	as long as short
Pacifica PONS	+0.0616%	1h	0.6327	−0.014%	$46K	$76K	3x	as long as short
Gate PONS_USDT	+0.0640%	4h	0.6330	+0.033%	$5.4M	$6.4M	20x	as long as short
Binance PONSUSDT	+0.0655%	4h	0.6336	+0.128%	$41.6M	$101.2M	20x	as long as short
Extended PONS-USD	+0.0656%	1h	0.6333	+0.075%	$183K	$881K	5x	as long as short
MEXC PONS_USDT	+0.0656%	4h	0.6334	+0.096%	$7.8M	$4.5M	20x	as long as short
edgeX PONSUSDC	+0.0669%	4h	0.6335	+0.110%	$19K	$293K	10x	as long as short
Bitget PONSUSDT	+0.0756%	4h	0.6332	+0.066%	$5.1M	$13.5M	20x	as long as short
BingX PONS-USDT	+0.0800%	4h	0.6331	+0.049%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0811%	4h	0.6331	+0.049%	$19.2M	$32.6M	20x	as long as short
BloFin PONS-USDT	+0.0897%	4h	0.6335	+0.112%	$1.9M	$1.1M	20x	as long as short
Phoenix PONS	+0.1637%	1h	0.6345	+0.277%	$48K	$162K	3x	as long as short