PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.141%

Price spread now: Bitget against gTrade (Gains Network)+0.200%7-day average +0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,624as in the Price arb table

costs, in and out, $10k−$4,62746.266% of the position

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.141%+$14 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.200%, 7d avg +0.178%

Together, before fees+0.195%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.022% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5874	L +0.0032% / S −0.0034%	pay 0.0004% / 1h	11m 01s	$215K	—	150x
Short	Bitget PONSUSDT	0.5886	0.0100	get 0.0050% / 4h	2h 11m	$4.6M	$11.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now +0.200%Rate

Funding earned: $14.21
Price spread: +0.200% → +0.178%: $2.21
Slippage, 4 orders: −$4,602.63
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4,610.21
Costs to cover: 46.266%
Break-even: 2278.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 13 min ago; Bitget: live order book, 8 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 gTrade (Gains Network) virtual book (oracle venue), 13 min ago	130.01 bp	2119.9 bp −$2,120	16869.1 bp −$168.7K	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	2.71 bp	19.1 bp −$19	48.6 bp −$486	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/USDlong	L +0.0032% / S −0.0034%	1h	0.5874	long leg	$215K	—	150x
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.770%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5876	+0.028%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5879	+0.079%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5880	+0.096%	$13.4M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5881	+0.108%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDTshort	+0.0100%	4h	0.5886	+0.200%	$4.6M	$11.7M	20x
Variational Omni PONS	+0.0100%	4h	0.5905	+0.526%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5909	+0.592%	$34K	$336K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5884	+0.169%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5880	+0.096%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5882	+0.137%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5882	+0.135%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5880	+0.096%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0110%	1h	0.5876	+0.028%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5880	+0.099%	$366	—	3x	as long as short
Aster PONSUSDT	+0.0161%	4h	0.5876	+0.031%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5882	+0.122%	$105K	$533K	5x	as long as short
Binance PONSUSDT	+0.0170%	4h	0.5885	+0.185%	$38.3M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0176%	4h	0.5884	+0.164%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5883	+0.147%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5909	+0.583%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0362%	1h	0.5880	+0.103%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0410%	4h	0.5881	+0.113%	$1.7M	$963K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5875	+0.011%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0501%	1h	0.5888	+0.231%	$59.0M	$30.1M	3x	as long as short
Lighter RH PONS	+0.0536%	1h	0.5883	+0.142%	$415K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0750%	4h	0.5876	+0.028%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.0976%	1h	0.5886	+0.195%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5887	+0.222%	$30K	$86K	3x	as long as short