PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%

Price spread now: gTrade (Gains Network) against Popdex−0.115%7-day average −0.157% · 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−$4,760as in the Price arb table

costs, in and out, $10k−$4,76447.640% of the position

Long on Popdex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now −0.115%, 7d avg −0.157%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.042% dearer against Popdex than usual: you sell high and buy low (spread −0.115% now, against its 7-day average of −0.157%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.6120	0.0096	pay 0.0012% / 1h	44m 00s	$21K	$456K	20x
Short	gTrade (Gains Network) PONS/USD	0.6113	L +0.0033% / S −0.0034%	get 0.0004% / 1h	44m 00s	$236K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Popdex. 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 PopdexbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.115%Rate

Funding earned: −$12.96
Price spread: −0.115% → −0.157%: $4.19
Slippage, 4 orders: −$4,745.61
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,772.78
Costs to cover: 47.640%
Break-even: never at this rate

Slippage from Popdex: live order book, 35 min ago; gTrade (Gains Network): virtual book (oracle venue), 35 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 Popdex live order book, 35 min ago	10.77 bp	85.9 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 35 min ago	130.01 bp	2470.8 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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.459%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USDshort	L +0.0033% / S −0.0034%	1h	0.6113	−0.115%	$236K	—	150x
Popdex PONSUSDTlong	+0.0096%	1h	0.6120	long leg	$21K	$456K	20x
Nado PONS-PERP	+0.0100%	1h	0.6115	−0.082%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6120	0.000%	$18.5M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6119	−0.016%	$13.9M	$58.2M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6136	+0.257%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6126	+0.098%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6129	+0.144%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6117	−0.051%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6120	+0.008%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6136	+0.258%	$65K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6118	−0.033%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0114%	4h	0.6121	+0.013%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0122%	4h	0.6126	+0.101%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6120	−0.003%	$381	—	3x	as long as short
Aster PONSUSDT	+0.0187%	4h	0.6118	−0.036%	$1.1M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0200%	1h	0.6124	+0.059%	$430K	$2.6M	3x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6123	+0.047%	$253K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0296%	4h	0.6125	+0.082%	$8.1M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0296%	4h	0.6125	+0.089%	$40.0M	$99.1M	20x	as long as short
BingX PONS-USDT	+0.0302%	4h	0.6123	+0.049%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0305%	4h	0.6150	+0.495%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0320%	1h	0.6124	+0.065%	$1.7M	$921K	3x	as long as short
BloFin PONS-USDT	+0.0536%	4h	0.6133	+0.212%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0704%	1h	0.6119	−0.011%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6111	−0.149%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0966%	1h	0.6128	+0.127%	$62.3M	$30.8M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6150	+0.498%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2106%	4h	0.6121	+0.016%	$5.3M	$6.2M	20x	as long as short