PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0208%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.044%

Price spread now: gTrade (Gains Network) against Aevo−0.159%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.159% cheaper against Aevo than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.6004	0.0240	pay 0.0030% / 1h	24m 04s	$374	—	3x
Short	gTrade (Gains Network) PONS/USD	0.5994	L +0.0033% / S −0.0032%	get 0.0004% / 1h	24m 04s	$238K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aevo. 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 AevobpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.159%Rate

Funding earned: −$43.6
Price spread: −0.159% → 0.000%: −$15.94
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$87.54
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 30 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 30 min ago	130.01 bp	2471.1 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.5994	−0.159%	$238K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.566%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6008	+0.075%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6002	−0.017%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	+0.386%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6009	+0.093%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6002	−0.025%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6000	−0.053%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6024	+0.338%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5997	−0.108%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0168%	1h	0.6005	+0.022%	$410K	$2.6M	3x	as long as short
Aevo PONS-PERPlong	+0.0240%	1h	0.6004	long leg	$374	—	3x
OKX PONS-USDT-SWAP	+0.0362%	4h	0.6004	+0.008%	$13.7M	$55.0M	20x	as long as short
Variational Omni PONS	+0.0441%	4h	0.6020	+0.281%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0481%	1h	0.6011	+0.130%	$61.5M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0528%	4h	0.6006	+0.041%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0536%	4h	0.6009	+0.090%	$4.6M	$11.5M	20x	as long as short
Lighter PONS	+0.0560%	1h	0.6002	−0.027%	$1.6M	$892K	3x	as long as short
Binance PONSUSDT	+0.0628%	4h	0.6007	+0.064%	$39.3M	$94.2M	20x	as long as short
MEXC PONS_USDT	+0.0630%	4h	0.6002	−0.025%	$7.6M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0632%	1h	0.6006	+0.042%	$108K	$808K	5x	as long as short
edgeX PONSUSDC	+0.0645%	4h	0.6036	+0.544%	$18K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0706%	1h	0.6006	+0.038%	$71K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0752%	4h	0.6001	−0.033%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0871%	4h	0.6012	+0.142%	$1.7M	$958K	20x	as long as short
BingX PONS-USDT	+0.0944%	4h	0.6014	+0.175%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0968%	4h	0.6008	+0.075%	$18.0M	$30.5M	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.6005	+0.033%	$47K	$68K	3x	as long as short
Gate PONS_USDT	+0.1290%	4h	0.6005	+0.025%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6044	+0.668%	$46K	$109K	3x	as long as short