PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.78 per $10,000 · paid last 24h +0.054%

Price spread now: Gate against Bitget+0.056%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.056%, 7d avg −0.046%

Together, before fees+0.120%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.102% dearer against Bitget than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.046%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.169%, 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	Bitget PONSUSDT	0.5914	0.0538	pay 0.0269% / 4h	3h 10m	$4.6M	$11.6M	20x
Short	Gate PONS_USDT	0.5917	0.0382	get 0.0191% / 4h	3h 10m	$5.2M	$6.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$32.76
Price spread: +0.056% → −0.046%: $10.18
Slippage, 4 orders: −$53.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$103.39
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 3 min ago	1.01 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.53 bp	23.2 bp −$23	70.4 bp −$704	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	0.5905	−0.143%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.944%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5916	+0.034%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5911	−0.046%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5915	+0.025%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5935	+0.357%	$34K	$339K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5931	+0.287%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5948	+0.583%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5919	+0.096%	$26K	$541K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5942	+0.482%	$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	+0.191%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5921	+0.130%	$369	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0353%	4h	0.5911	−0.046%	$13.5M	$54.1M	20x	as long as short
Gate PONS_USDTshort	+0.0382%	4h	0.5917	+0.056%	$5.2M	$6.3M	20x
Lighter PONS	+0.0440%	1h	0.5917	+0.061%	$1.6M	$894K	3x	as long as short
Variational Omni PONS	+0.0440%	4h	0.5911	−0.039%	$1.4M	$4.0M	—	as long as short
Hyperliquid PONS	+0.0476%	1h	0.5915	+0.014%	$60.5M	$28.1M	3x	as long as short
Aster PONSUSDT	+0.0509%	4h	0.5906	−0.129%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDTlong	+0.0538%	4h	0.5914	long leg	$4.6M	$11.6M	20x
Extended PONS-USD	+0.0608%	1h	0.5909	−0.084%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.5914	+0.005%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0608%	4h	0.5911	−0.045%	$38.7M	$94.2M	20x	as long as short
edgeX PONSUSDC	+0.0610%	4h	0.5945	+0.526%	$18K	$292K	10x	as long as short
BingX PONS-USDT	+0.0716%	4h	0.5910	−0.063%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0735%	1h	0.5914	−0.003%	$80K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0740%	4h	0.5914	−0.002%	$1.6M	$3.8M	20x	as long as short
Bybit PONSUSDT	+0.0826%	4h	0.5910	−0.063%	$17.6M	$30.7M	20x	as long as short
BloFin PONS-USDT	+0.0848%	4h	0.5922	+0.140%	$1.7M	$942K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.5915	+0.028%	$46K	$68K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.5945	+0.534%	$45K	$109K	3x	as long as short