Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.104%

Price spread now: gTrade (Gains Network) against Bitget−0.237%7-day average −0.177% · 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−$4,627as in the Price arb table

costs, in and out, $10k−$4,62146.212% of the position

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.144%−$14 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.237%, 7d avg −0.177%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.061% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.177%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PONSUSDT	0.6076	0.0314	pay 0.0157% / 4h	2h 22m	$4.7M	$11.3M	20x
Short	gTrade (Gains Network) PONS/USD	0.6061	L +0.0033% / S −0.0033%	get 0.0004% / 1h	22m 13s	$240K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.237%Rate

Funding earned: −$59.09
Price spread: −0.237% → −0.177%: −$6.06
Slippage, 4 orders: −$4,597.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,686.37
Costs to cover: 46.212%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 47 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 Bitget live order book, 1 min ago	2.72 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 47 min ago	130.01 bp	2471.0 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6061	−0.237%	$240K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.751%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6075	−0.015%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6026	−0.829%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6065	−0.178%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6076	+0.008%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6074	−0.025%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6070	−0.089%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6095	+0.311%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6063	−0.212%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6073	−0.040%	$378	—	3x	as long as short
Lighter RH PONS	+0.0208%	1h	0.6070	−0.097%	$428K	$2.5M	3x	as long as short
Nado PONS-PERP	+0.0215%	1h	0.6072	−0.063%	$71K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0230%	4h	0.6069	−0.122%	$1.7M	$3.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0240%	4h	0.6070	−0.097%	$13.9M	$55.3M	20x	as long as short
Lighter PONS	+0.0272%	1h	0.6071	−0.077%	$1.7M	$885K	3x	as long as short
Bybit PONSUSDT	+0.0285%	4h	0.6069	−0.114%	$18.2M	$30.5M	20x	as long as short
Bitget PONSUSDTlong	+0.0314%	4h	0.6076	long leg	$4.7M	$11.3M	20x
BingX PONS-USDT	+0.0388%	4h	0.6075	−0.015%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0392%	4h	0.6071	−0.073%	$1.1M	$2.0M	20x	as long as short
Extended PONS-USD	+0.0416%	1h	0.6073	−0.042%	$250K	$672K	5x	as long as short
edgeX PONSUSDC	+0.0416%	4h	0.6024	−0.858%	$21K	$291K	10x	as long as short
MEXC PONS_USDT	+0.0418%	4h	0.6072	−0.064%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0419%	4h	0.6071	−0.081%	$39.8M	$94.8M	20x	as long as short
Gate PONS_USDT	+0.0544%	4h	0.6057	−0.311%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0684%	1h	0.6077	+0.018%	$61.9M	$28.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0751%	1h	0.6076	+0.005%	$46K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6068	−0.135%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6031	−0.731%	$31K	$107K	3x	as long as short