PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0313%/8h= −34.3% APRnext payment −$1.57 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against Gate+0.032%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days+0.067%+$7 · spread now +0.032%, 7d avg +0.065%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.033% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.065%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.5905	0.0498	pay 0.0249% / 4h	2h 28m	$5.2M	$6.8M	20x
Short	Binance PONSUSDT	0.5907	0.0185	get 0.0092% / 4h	2h 28m	$38.4M	$98.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$65.84
Price spread: +0.032% → +0.065%: −$3.26
Slippage, 4 orders: −$47.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$141.42
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Binance: live order book, 15 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 Gate live order book, 5 min ago	2.54 bp	25.4 bp −$25	224.0 bp −$2,240	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.86 bp	15.0 bp −$15	53.8 bp −$538	225.7 bp −$22.6K	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/USD	L +0.0032% / S −0.0034%	1h	0.5895	−0.162%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.247%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5907	+0.034%	$21K	$447K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5906	+0.017%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5897	−0.135%	$13.5M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5907	+0.037%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5905	+0.003%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5903	−0.030%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5903	−0.037%	$34K	$332K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5907	+0.036%	$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	0.5908	+0.054%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5902	−0.044%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5919	+0.235%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5901	−0.068%	$1.7M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0108%	1h	0.5910	+0.083%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5907	+0.039%	$368	—	3x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5906	+0.017%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5898	−0.119%	—	$3.1M	—	as long as short
Extended PONS-USD	+0.0184%	1h	0.5900	−0.083%	$105K	$533K	5x	as long as short
Binance PONSUSDTshort	+0.0185%	4h	0.5907	+0.032%	$38.4M	$98.4M	20x
edgeX PONSUSDC	+0.0187%	4h	0.5907	+0.027%	$21K	$294K	10x	as long as short
Aster PONSUSDT	+0.0215%	4h	0.5904	−0.012%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0337%	1h	0.5908	+0.049%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5912	+0.119%	$1.7M	$970K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5910	+0.084%	$47K	$103K	3x	as long as short
Gate PONS_USDTlong	+0.0498%	4h	0.5905	long leg	$5.2M	$6.8M	20x
Hyperliquid PONS	+0.0526%	1h	0.5906	+0.008%	$59.0M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0616%	1h	0.5909	+0.064%	$394K	$2.6M	3x	as long as short
Lighter PONS	+0.1128%	1h	0.5911	+0.108%	$1.7M	$882K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5899	−0.102%	$27K	$86K	3x	as long as short