PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%

Price spread now: gTrade (Gains Network) against ApeX Omni+0.127%7-day average −0.252% · 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−$4,634as in the Price arb table

costs, in and out, $10k−$4,67246.722% of the position

Long on ApeX Omni Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.212%−$21 · spread now +0.127%, 7d avg −0.252%

Together, before fees−0.231%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.379% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of −0.252%): +$38 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.5908	0.0100	pay 0.0013% / 1h	48m 37s	$34K	$342K	5x
Short	gTrade (Gains Network) PONS/USD	0.5915	L +0.0032% / S −0.0034%	get 0.0004% / 1h	48m 37s	$217K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against ApeX Omni. 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 ApeX OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.127%Rate

Funding earned: −$13.83
Price spread: +0.127% → −0.252%: $37.88
Slippage, 4 orders: −$4,650.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,648.19
Costs to cover: 46.722%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 34 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 ApeX Omni live order book, 34 min ago	32.60 bp	40.5 bp −$40	115.9 bp −$1,159	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 35 min ago	130.01 bp	2471.2 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 +0.0032% / S −0.0034%	1h	0.5915	+0.127%	$217K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	+0.200%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5924	+0.274%	$21K	$439K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5922	+0.240%	$17.7M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5923	+0.257%	$13.4M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5922	+0.240%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5924	+0.269%	$4.7M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	−0.047%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.5908	long leg	$34K	$342K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5929	+0.361%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5936	+0.479%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5921	+0.223%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5930	+0.369%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5920	+0.207%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5924	+0.266%	$369	—	3x	as long as short
Aster PONSUSDT	+0.0138%	4h	0.5919	+0.186%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0160%	1h	0.5919	+0.184%	$106K	$522K	5x	as long as short
MEXC PONS_USDT	+0.0162%	4h	0.5920	+0.207%	$7.5M	$4.9M	20x	as long as short
Nado PONS-PERP	+0.0165%	1h	0.5920	+0.207%	$90K	$103K	5x	as long as short
Binance PONSUSDT	+0.0167%	4h	0.5924	+0.269%	$38.5M	$97.7M	20x	as long as short
BingX PONS-USDT	+0.0174%	4h	0.5916	+0.139%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0188%	4h	0.5917	+0.163%	$21K	$293K	10x	as long as short
Lighter RH PONS	+0.0304%	1h	0.5922	+0.242%	$407K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5922	+0.240%	$1.7M	$974K	20x	as long as short
Polymarket Perps PONS-USD	+0.0448%	1h	0.5919	+0.195%	$37K	$1.8M	3x	as long as short
Pacifica PONS	+0.0451%	1h	0.5921	+0.221%	$47K	$104K	3x	as long as short
Hyperliquid PONS	+0.0593%	1h	0.5922	+0.235%	$59.6M	$30.0M	3x	as long as short
Lighter PONS	+0.0648%	1h	0.5924	+0.276%	$1.7M	$984K	3x	as long as short
Gate PONS_USDT	+0.1116%	4h	0.5915	+0.122%	$5.2M	$6.4M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5917	+0.147%	$30K	$96K	3x	as long as short