PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0542%/8h= +59.3% APRnext payment +$2.71 per $10,000 · paid last 24h −0.015%

Price spread now: Gate against BingX0.000%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$710.707% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now 0.000%, 7d avg −0.082%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.082% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.082%. Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.6119	0.0592	pay 0.0296% / 4h	3h 11m	—	$3.1M	—
Short	Gate PONS_USDT	0.6119	0.1134	get 0.0567% / 4h	3h 11m	$5.4M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $113.82
Price spread: 0.000% → −0.082%: $8.23
Slippage, 4 orders: −$45.74
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $51.32
Costs to cover: 0.707%
Break-even: 3.8 days

Slippage from BingX: live order book, 9 min ago; Gate: live order book, 2 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 BingX live order book, 9 min ago	0.82 bp	10.3 bp −$10	28.6 bp −$286	370.2 bp −$37.0K	doesn't fit
Sell Gate live order book, 2 min ago	2.45 bp	20.6 bp −$21	69.1 bp −$691	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 −0.0033%	1h	0.6111	−0.135%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.443%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6129	+0.163%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6118	−0.016%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6098	−0.337%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6126	+0.116%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6132	+0.206%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6119	+0.002%	$27K	$543K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6133	+0.235%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6118	−0.016%	$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	+0.0128%	1h	0.6123	+0.064%	$433K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6121	+0.041%	$381	—	3x	as long as short
KuCoin PONSUSDTM	+0.0208%	4h	0.6118	−0.015%	$1.8M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0210%	4h	0.6120	+0.016%	$14.0M	$56.6M	20x	as long as short
Bitget PONSUSDT	+0.0274%	4h	0.6124	+0.082%	$4.8M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0327%	4h	0.6117	−0.028%	$1.1M	$2.0M	20x	as long as short
edgeX PONSUSDC	+0.0381%	4h	0.6107	−0.204%	$21K	$294K	10x	as long as short
MEXC PONS_USDT	+0.0390%	4h	0.6122	+0.049%	$8.0M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0391%	4h	0.6122	+0.049%	$40.3M	$96.1M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	0.6118	−0.023%	$253K	$678K	5x	as long as short
Lighter PONS	+0.0480%	1h	0.6123	+0.064%	$1.7M	$941K	3x	as long as short
Bybit PONSUSDT	+0.0591%	4h	0.6116	−0.049%	$18.4M	$30.9M	20x	as long as short
BingX PONS-USDTlong	+0.0592%	4h	0.6119	long leg	—	$3.1M	—
Nado PONS-PERP	+0.0602%	1h	0.6132	+0.209%	$106K	$115K	5x	as long as short
BloFin PONS-USDT	+0.0631%	4h	0.6126	+0.114%	$1.8M	$996K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6131	+0.190%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0794%	1h	0.6130	+0.173%	$45K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0866%	1h	0.6119	+0.003%	$62.2M	$29.2M	3x	as long as short
Gate PONS_USDTshort	+0.1134%	4h	0.6119	0.000%	$5.4M	$6.2M	20x
Phoenix PONS	+0.1608%	1h	0.6139	+0.328%	$32K	$113K	3x	as long as short