PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0603%/8h= −66.0% APRpaid last 24h −0.129%

Price spread now: gTrade (Gains Network) against Binance−0.021%52s7-day average −0.150% · 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—prices read too far apart to compare

costs, in and out, $10k−$4,61946.194% of the position

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.311%−$31 · spread now −0.021%, 7d avg −0.150%

Together, before fees−0.497%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.129% dearer against Binance than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.150%): +$13 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 52 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	Binance PONSUSDT	0.6179	0.0634	pay 0.0317% / 4h	3h 32m	$40.5M	$104.2M	20x
Short	gTrade (Gains Network) PONS/USD	0.6178	L +0.0032% / S −0.0030%	get 0.0004% / 1h	32m 32s	$241K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.021%Rate

Funding earned: −$126.63
Price spread: −0.021% → −0.150%: $12.95
Slippage, 4 orders: −$4,597.35
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,733.04
Costs to cover: 46.194%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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 Binance live order book, 10 min ago	0.81 bp	14.7 bp −$15	48.5 bp −$485	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago	130.01 bp	2471.4 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 −0.0030%	1h	0.6178	−0.021%	$241K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−3.893%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6180	+0.016%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6171	−0.128%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6239	+0.966%	$31K	$291K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6177	−0.041%	$72K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6192	+0.207%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6184	+0.085%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6184	+0.087%	$26K	$622K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6197	+0.296%	$66K	$527K	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	0.6185	+0.097%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6188	+0.137%	$385	—	3x	as long as short
Hyperliquid PONS	+0.0304%	1h	0.6181	+0.038%	$63.3M	$30.7M	3x	as long as short
Lighter RH PONS	+0.0376%	1h	0.6183	+0.064%	$418K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0408%	4h	0.6161	−0.292%	$14.2M	$60.4M	20x	as long as short
Aster PONSUSDT	+0.0428%	4h	0.6177	−0.027%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0474%	4h	0.6182	+0.047%	$1.6M	$4.1M	20x	as long as short
Variational Omni PONS	+0.0577%	4h	0.6231	+0.849%	$1.6M	$4.4M	—	as long as short
Lighter PONS	+0.0584%	1h	0.6185	+0.103%	$1.7M	$868K	3x	as long as short
Binance PONSUSDTlong	+0.0634%	4h	0.6179	long leg	$40.5M	$104.2M	20x
MEXC PONS_USDT	+0.0638%	4h	0.6180	+0.016%	$7.9M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0640%	1h	0.6176	−0.048%	$104K	$827K	5x	as long as short
edgeX PONSUSDC	+0.0651%	4h	0.6214	+0.559%	$20K	$292K	10x	as long as short
Bitget PONSUSDT	+0.0718%	4h	0.6182	+0.048%	$5.0M	$13.2M	20x	as long as short
Gate PONS_USDT	+0.0728%	4h	0.6180	+0.016%	$5.4M	$6.4M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6178	−0.014%	$46K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0879%	4h	0.6191	+0.194%	$1.8M	$1.1M	20x	as long as short
Bybit PONSUSDT	+0.1034%	4h	0.6178	−0.017%	$18.6M	$33.1M	20x	as long as short
BingX PONS-USDT	+0.1064%	4h	0.6174	−0.081%	—	$3.2M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6208	+0.475%	$47K	$159K	3x	as long as short