PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Phemex against gTrade (Gains Network)+0.045%7-day average +0.153% · 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−$4,676as in the Price arb table

costs, in and out, $10k−$4,66546.649% of the position

Long on gTrade (Gains Network)Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now +0.045%, 7d avg +0.153%

Together, before fees+0.259%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.108% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.153%). If the spread goes back, that is −$11 on $10k: about 5.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5916	L +0.0032% / S −0.0030%	pay 0.0004% / 1h	13m 29s	$242K	—	150x
Short	Phemex PONSUSDT	0.5919	0.0100	get 0.0050% / 4h	1h 13m	$1.6M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.045%Rate

Funding earned: $14.23
Price spread: +0.045% → +0.153%: −$10.78
Slippage, 4 orders: −$4,640.95
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$4,661.5
Costs to cover: 46.649%
Break-even: 2300.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 31 min ago; Phemex: live order book, 5 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), 31 min ago	130.01 bp	2119.7 bp −$2,120	16868.8 bp −$168.7K	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	4.22 bp	33.1 bp −$33	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/USDlong	L +0.0032% / S −0.0030%	1h	0.5916	long leg	$242K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.375%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5921	+0.075%	$413K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5920	+0.062%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5926	+0.167%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5918	+0.028%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5921	+0.075%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5928	+0.192%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5923	+0.118%	$26K	$582K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5931	+0.249%	$65K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDTshort	+0.0100%	4h	0.5919	+0.045%	$1.6M	$3.2M	20x
Aevo PONS-PERP	+0.0200%	1h	0.5926	+0.163%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0212%	1h	0.5920	+0.059%	$60.1M	$29.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0406%	4h	0.5918	+0.028%	$13.4M	$55.3M	20x	as long as short
Aster PONSUSDT	+0.0451%	4h	0.5920	+0.062%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0488%	1h	0.5920	+0.067%	$101K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0488%	4h	0.5920	+0.062%	$7.6M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0492%	4h	0.5921	+0.074%	$37.3M	$98.0M	20x	as long as short
edgeX PONSUSDC	+0.0499%	4h	0.5923	+0.111%	$20K	$293K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5921	+0.072%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0570%	4h	0.5916	+0.002%	$1.4M	$4.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0601%	1h	0.5919	+0.038%	$89K	$1.9M	3x	as long as short
KuCoin PONSUSDTM	+0.0608%	4h	0.5918	+0.021%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0680%	4h	0.5924	+0.131%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0680%	4h	0.5917	+0.011%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0713%	4h	0.5918	+0.028%	$17.5M	$31.3M	20x	as long as short
BloFin PONS-USDT	+0.0729%	4h	0.5926	+0.163%	$1.7M	$943K	20x	as long as short
Gate PONS_USDT	+0.0812%	4h	0.5916	−0.006%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0896%	1h	0.5924	+0.126%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5928	+0.190%	$45K	$127K	3x	as long as short