PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: gTrade (Gains Network) against SoDEX+0.076%54s7-day average −0.147% · 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−$4,72347.227% of the position

Long on SoDEX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.410%−$41 · spread now +0.076%, 7d avg −0.147%

Together, before fees−0.435%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.223% dearer against SoDEX than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.147%): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. The two prices were read 54 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	SoDEX PONS-USD	0.5825	0.0100	pay 0.0013% / 1h	25m 30s	$25K	$576K	3x
Short	gTrade (Gains Network) PONS/USD	0.5829	L +0.0033% / S −0.0032%	get 0.0004% / 1h	25m 30s	$232K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SoDEX. 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 SoDEXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.076%Rate

Funding earned: −$14.2
Price spread: +0.076% → −0.147%: $22.29
Slippage, 4 orders: −$4,702.73
Fee SoDEX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,714.64
Costs to cover: 47.227%
Break-even: never at this rate

Slippage from SoDEX: live order book, 23 min ago; gTrade (Gains Network): virtual book (oracle venue), 24 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 SoDEX live order book, 23 min ago	2.52 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 24 min ago	130.01 bp	2471.0 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 +0.0033% / S −0.0032%	1h	0.5829	+0.076%	$232K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+2.481%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5818	−0.122%	$412K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5836	+0.189%	$17K	$423K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5839	+0.244%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5831	+0.106%	$68K	$132K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5849	+0.412%	$5.2M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5912	+1.495%	$29K	$331K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5823	−0.029%	—	$1.3M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.5825	long leg	$25K	$576K	3x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5827	+0.031%	$64K	$524K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5836	+0.189%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5825	+0.003%	$363	—	3x	as long as short
Hyperliquid PONS	+0.0236%	1h	0.5838	+0.221%	$59.4M	$29.4M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0386%	4h	0.5836	+0.189%	$13.2M	$54.7M	20x	as long as short
Aster PONSUSDT	+0.0464%	4h	0.5829	+0.065%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0536%	1h	0.5822	−0.050%	$1.6M	$929K	3x	as long as short
Bitget PONSUSDT	+0.0580%	4h	0.5841	+0.268%	$4.6M	$12.1M	20x	as long as short
Extended PONS-USD	+0.0584%	1h	0.5822	−0.057%	$99K	$815K	5x	as long as short
Binance PONSUSDT	+0.0585%	4h	0.5838	+0.220%	$38.1M	$97.2M	20x	as long as short
MEXC PONS_USDT	+0.0612%	4h	0.5837	+0.206%	$7.4M	$4.8M	20x	as long as short
Variational Omni PONS	+0.0613%	4h	0.5828	+0.052%	$1.3M	$4.1M	—	as long as short
edgeX PONSUSDC	+0.0623%	4h	0.5888	+1.082%	$20K	$294K	10x	as long as short
Pacifica PONS	+0.0715%	1h	0.5820	−0.083%	$44K	$69K	3x	as long as short
KuCoin PONSUSDTM	+0.0732%	4h	0.5840	+0.264%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0778%	1h	0.5836	+0.185%	$116K	$1.8M	3x	as long as short
BingX PONS-USDT	+0.0834%	4h	0.5838	+0.223%	—	$3.0M	—	as long as short
BloFin PONS-USDT	+0.0850%	4h	0.5913	+1.511%	$1.7M	$943K	20x	as long as short
Bybit PONSUSDT	+0.0934%	4h	0.5838	+0.223%	$17.5M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5822	−0.046%	$44K	$121K	3x	as long as short