PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0487%/8h= −53.4% APRnext payment −$0.61 per $10,000 · paid last 24h −0.105%

Price spread now: gTrade (Gains Network) against Extended−0.063%7-day average −0.122% · 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−$4,632as in the Price arb table

costs, in and out, $10k−$4,63846.383% of the position

Long on Extended Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.139%−$14 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.063%, 7d avg −0.122%

Together, before fees−0.305%+ Points / potential airdropExtended: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.058% dearer against Extended than usual: you sell high and buy low (spread −0.063% now, against its 7-day average of −0.122%): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.5990	0.0520	pay 0.0065% / 1h	8m 03s	$248K	$671K	5x
Short	gTrade (Gains Network) PONS/USD	0.5986	L +0.0033% / S −0.0033%	get 0.0004% / 1h	8m 03s	$237K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Extended. 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 ExtendedbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.063%Rate

Funding earned: −$102.35
Price spread: −0.063% → −0.122%: $5.84
Slippage, 4 orders: −$4,621.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,734.85
Costs to cover: 46.383%
Break-even: never at this rate

Slippage from Extended: live order book, 55 min ago; gTrade (Gains Network): virtual book (oracle venue), 56 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 Extended live order book, 55 min ago	10.07 bp	24.0 bp −$24	190.3 bp −$1,903	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 56 min ago	130.01 bp	2470.9 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 +0.0033% / S −0.0033%	1h	0.5986	−0.063%	$237K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.346%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5985	−0.087%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6015	+0.412%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5995	+0.073%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5997	+0.120%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5992	+0.023%	$26K	$527K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5998	+0.135%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5989	−0.020%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0178%	4h	0.6018	+0.469%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0216%	1h	0.5994	+0.055%	$373	—	3x	as long as short
Gate PONS_USDT	+0.0226%	4h	0.5991	+0.013%	$5.2M	$6.3M	20x	as long as short
Nado PONS-PERP	+0.0238%	1h	0.5986	−0.071%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0296%	1h	0.5991	+0.008%	$416K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0311%	4h	0.5984	−0.104%	$13.6M	$54.8M	20x	as long as short
Lighter PONS	+0.0352%	1h	0.5992	+0.028%	$1.7M	$877K	3x	as long as short
Bitget PONSUSDT	+0.0420%	4h	0.5990	−0.005%	$4.7M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0439%	4h	0.5988	−0.037%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.5999	+0.145%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0494%	4h	0.5984	−0.104%	$17.9M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.5991	+0.013%	—	$3.0M	—	as long as short
Extended PONS-USDlong	+0.0520%	1h	0.5990	long leg	$248K	$671K	5x
Binance PONSUSDT	+0.0522%	4h	0.5986	−0.071%	$39.4M	$94.7M	20x	as long as short
MEXC PONS_USDT	+0.0530%	4h	0.5994	+0.063%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.6026	+0.597%	$18K	$292K	10x	as long as short
Pacifica PONS	+0.0755%	1h	0.5990	+0.003%	$47K	$69K	3x	as long as short
Hyperliquid PONS	+0.0763%	1h	0.5992	+0.030%	$61.0M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0772%	4h	0.5997	+0.113%	$1.7M	$963K	20x	as long as short
Polymarket Perps PONS-USD	+0.0850%	1h	0.5988	−0.042%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6017	+0.454%	$31K	$98K	3x	as long as short