PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0597%/8hnext payment −$2.99 per $10,000 · paid last 24h −0.066%

Price spread now: Gate against BloFin−0.119%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$730.729% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.520%−$52 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now −0.119%, 7d avg −0.110%

Together, before fees−0.630%−$63 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.5904	0.0435	pay 0.0218% / 4h	6m 36s	$1.7M	$979K	20x
Short	Gate PONS_USDT	0.5897	−0.0162	pay 0.0081% / 4h	6m 36s	$5.2M	$7.2M	20x

Funding history

latest

Range statsloading…

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now −0.119%Rate

Slippage from BloFin: live order book, 6 min ago; Gate: live order book, 1 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 6 min ago	2.55 bp	13.0 bp −$13	38.5 bp −$385	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.54 bp	24.2 bp −$24	65.8 bp −$658	doesn't fit	doesn't fit

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
Gate PONS_USDTshort	−0.0162%	4h	0.5897	−0.119%	$5.2M	$7.2M	20x
Injective PONS/USDC PERP	−0.0008%	1h	0.5863	−0.696%	$603	$6K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	0.5894	−0.175%	$212K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5896	−0.136%	$21K	$494K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5899	−0.085%	$73K	$95K	5x	as long as short
Hyperliquid PONS	+0.0100%	1h	0.5897	−0.117%	$58.4M	$29.9M	3x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5888	−0.271%	$17.6M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5891	−0.220%	$13.2M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5901	−0.056%	$1.8M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5896	−0.136%	$4.6M	$11.5M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0100%	4h	0.5879	−0.415%	$1.2M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5898	−0.105%	$34K	$315K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5906	+0.025%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5901	−0.044%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5898	−0.102%	$27K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5912	+0.141%	$63K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5895	−0.152%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5894	−0.167%	$367	—	3x	as long as short
Pacifica PONS	+0.0150%	1h	0.5895	−0.152%	$47K	$111K	3x	as long as short
Extended PONS-USD	+0.0192%	1h	0.5894	−0.177%	$88K	$537K	5x	as long as short
Binance PONSUSDT	+0.0192%	4h	0.5896	−0.136%	$38.3M	$99.3M	20x	as long as short
MEXC PONS_USDT	+0.0194%	4h	0.5895	−0.152%	$7.3M	$5.3M	20x	as long as short
BingX PONS-USDT	+0.0194%	4h	0.5893	−0.186%	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0196%	4h	0.5898	−0.106%	$21K	$292K	10x	as long as short
Lighter RH PONS	+0.0200%	1h	0.5900	−0.068%	$397K	$2.5M	3x	as long as short
Aster PONSUSDT	+0.0204%	4h	0.5898	−0.104%	$1.1M	$2.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.0259%	1h	0.5898	−0.100%	$55K	$1.8M	3x	as long as short
BloFin PONS-USDTlong	+0.0435%	4h	0.5904	long leg	$1.7M	$979K	20x
Lighter PONS	+0.0904%	1h	0.5903	−0.014%	$1.7M	$875K	3x	as long as short
Phoenix PONS	+0.1244%	1h	0.5898	−0.098%	$27K	$80K	3x	as long as short