PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1703%/8h= +186.4% APRnext payment +$2.13 per $10,000 · paid last 24h +0.407%

Price spread now: Phoenix against gTrade (Gains Network)+0.159%7-day average +0.146% · 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−$4,631as in the Price arb table

costs, in and out, $10k−$4,63346.328% of the position

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.557%+$56 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.159%, 7d avg +0.146%

Together, before fees+0.539%+$54 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.146%, so right now this pair is about funding alone: +$51 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.6064	L +0.0033% / S −0.0032%	pay 0.0004% / 1h	17m 16s	$241K	—	150x
Short	Phoenix PONS	0.6074	0.1736	get 0.0217% / 1h	17m 16s	$31K	$104K	3x

Funding history

latest

Range statsloading…

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now +0.159%Rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 42 min ago; Phoenix: live order book, 32 min ago.

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), 42 min ago	130.00 bp	2119.7 bp −$2,120	16867.9 bp −$168.7K	doesn't fit	doesn't fit
Sell Phoenix live order book, 32 min ago	4.57 bp	21.0 bp −$21	71.4 bp −$714	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
gTrade (Gains Network) PONS/USDlong	L +0.0033% / S −0.0032%	1h	0.6064	long leg	$241K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.566%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6077	+0.206%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6054	−0.178%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6081	+0.274%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6078	+0.215%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6078	+0.221%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6078	+0.223%	$66K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6067	+0.042%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6079	+0.232%	$379	—	3x	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	+0.0241%	4h	0.6050	−0.232%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0298%	1h	0.6076	+0.183%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0334%	4h	0.6074	+0.157%	$13.8M	$55.9M	20x	as long as short
Gate PONS_USDT	+0.0352%	4h	0.6073	+0.140%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0424%	1h	0.6078	+0.215%	$1.7M	$885K	3x	as long as short
Bitget PONSUSDT	+0.0480%	4h	0.6080	+0.259%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0482%	4h	0.6076	+0.194%	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0486%	4h	0.6077	+0.206%	$18.1M	$30.8M	20x	as long as short
Lighter RH PONS	+0.0552%	1h	0.6078	+0.230%	$415K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0578%	4h	0.6079	+0.239%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0607%	4h	0.6078	+0.223%	$39.7M	$95.3M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6074	+0.163%	$108K	$813K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.6079	+0.239%	$7.8M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0613%	4h	0.6064	−0.013%	$18K	$293K	10x	as long as short
KuCoin PONSUSDTM	+0.0672%	4h	0.6077	+0.202%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0813%	1h	0.6080	+0.249%	$62.1M	$28.3M	3x	as long as short
BloFin PONS-USDT	+0.0847%	4h	0.6080	+0.256%	$1.7M	$965K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6074	+0.155%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0893%	1h	0.6076	+0.187%	$73K	$1.6M	3x	as long as short
Phoenix PONSshort	+0.1736%	1h	0.6074	+0.159%	$31K	$104K	3x