PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0287%/8h= −31.4% APRnext payment −$1.44 per $10,000 · paid last 24h +0.071%

Price spread now: Gate against Aster+0.037%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.409%+$41 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.037%, 7d avg +0.012%

Together, before fees+0.372%+ Points / potential airdropAster: Stage 5 · farm board+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.026% dearer against Aster than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.012%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.409%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.5911	0.0387	pay 0.0194% / 4h	50m 36s	$1.1M	$2.1M	20x
Short	Gate PONS_USDT	0.5913	0.0100	get 0.0050% / 4h	50m 36s	$5.2M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: −$60.28
Price spread: +0.037% → +0.012%: $2.56
Slippage, 4 orders: −$44.91
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$125.63
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Gate: live order book, 3 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 Aster live order book, 3 min ago	4.05 bp	10.4 bp −$10	27.2 bp −$272	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.54 bp	19.8 bp −$20	62.3 bp −$623	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/USD	L +0.0033% / S −0.0032%	1h	0.5907	−0.057%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.993%	$614	$10K	5.5x	as long as short
Lighter PONS	+0.0096%	1h	0.5916	+0.080%	$1.6M	$880K	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5913	+0.037%	$20K	$435K	20x	as long as short
Gate PONS_USDTshort	+0.0100%	4h	0.5913	+0.037%	$5.2M	$6.2M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.5933	+0.367%	$34K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5919	+0.145%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5919	+0.142%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5917	+0.098%	$26K	$524K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5916	+0.090%	$64K	$512K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5925	+0.240%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0175%	4h	0.5914	+0.062%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5914	+0.056%	$368	—	3x	as long as short
Lighter RH PONS	+0.0280%	1h	0.5915	+0.069%	$404K	$2.4M	3x	as long as short
Nado PONS-PERP	+0.0286%	1h	0.5919	+0.133%	$69K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0335%	4h	0.5912	+0.020%	$13.4M	$53.9M	20x	as long as short
Aster PONSUSDTlong	+0.0387%	4h	0.5911	long leg	$1.1M	$2.1M	20x
Bitget PONSUSDT	+0.0444%	4h	0.5909	−0.030%	$4.6M	$11.4M	20x	as long as short
Bybit PONSUSDT	+0.0447%	4h	0.5908	−0.047%	$17.6M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0504%	4h	0.5911	+0.003%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0520%	1h	0.5909	−0.023%	$106K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0522%	4h	0.5912	+0.020%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0524%	4h	0.5913	+0.037%	$38.9M	$94.8M	20x	as long as short
edgeX PONSUSDC	+0.0538%	4h	0.5923	+0.205%	$18K	$292K	10x	as long as short
KuCoin PONSUSDTM	+0.0544%	4h	0.5910	−0.020%	$1.6M	$3.7M	20x	as long as short
BloFin PONS-USDT	+0.0764%	4h	0.5918	+0.122%	$1.7M	$951K	20x	as long as short
Hyperliquid PONS	+0.0794%	1h	0.5918	+0.117%	$60.3M	$27.8M	3x	as long as short
Pacifica PONS	+0.0859%	1h	0.5913	+0.033%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0909%	1h	0.5916	+0.091%	$67K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5937	+0.436%	$31K	$104K	3x	as long as short