PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.054%

Price spread now: Bitget against Gate+0.269%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 7 days−0.323%−$32 · spread now +0.269%, 7d avg +0.046%

Together, before fees−0.492%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.223% dearer against Gate than usual: you sell high and buy low (spread +0.269% now, against its 7-day average of +0.046%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6275	0.0794	pay 0.0397% / 4h	43m 13s	$5.5M	$6.4M	20x
Short	Bitget PONSUSDT	0.6292	0.0704	get 0.0352% / 4h	43m 13s	$4.9M	$12.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.269%Rate

Funding earned: −$18.9
Price spread: +0.269% → +0.046%: $22.29
Slippage, 4 orders: −$62.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$85.79
Costs to cover: 0.892%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bitget: live order book, just now.

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	0.82 bp	31.8 bp −$32	145.1 bp −$1,451	doesn't fit	doesn't fit
Sell Bitget live order book, just now	1.83 bp	19.7 bp −$20	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/USD	L +0.0032% / S −0.0029%	1h	0.6267	−0.121%	$238K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6293	+0.287%	$18K	$442K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6184	−1.455%	$30K	$303K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6285	+0.166%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6284	+0.140%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6288	+0.199%	$27K	$632K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6290	+0.242%	$68K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6273	−0.032%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0138%	1h	0.6281	+0.096%	$73K	$130K	5x	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.6280	+0.084%	$391	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0424%	4h	0.6281	+0.096%	$14.3M	$60.4M	20x	as long as short
Aster PONSUSDT	+0.0513%	4h	0.6279	+0.063%	$1.2M	$2.3M	20x	as long as short
Variational Omni PONS	+0.0525%	4h	0.6174	−1.613%	$1.5M	$4.1M	—	as long as short
edgeX PONSUSDC	+0.0528%	4h	0.6159	−1.854%	$21K	$291K	10x	as long as short
MEXC PONS_USDT	+0.0564%	4h	0.6293	+0.287%	$8.2M	$4.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0570%	4h	0.6278	+0.046%	$1.6M	$3.9M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6271	−0.067%	$48K	$68K	3x	as long as short
Extended PONS-USD	+0.0576%	1h	0.6287	+0.196%	$105K	$819K	5x	as long as short
Binance PONSUSDT	+0.0576%	4h	0.6288	+0.207%	$40.7M	$102.5M	20x	as long as short
BingX PONS-USDT	+0.0650%	4h	0.6284	+0.143%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0697%	4h	0.6282	+0.112%	$19.1M	$32.2M	20x	as long as short
Bitget PONSUSDTshort	+0.0704%	4h	0.6292	+0.269%	$4.9M	$12.7M	20x
Gate PONS_USDTlong	+0.0794%	4h	0.6275	long leg	$5.5M	$6.4M	20x
BloFin PONS-USDT	+0.0816%	4h	0.6279	+0.064%	$1.8M	$995K	20x	as long as short
Lighter RH PONS	+0.0888%	1h	0.6281	+0.100%	$454K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0935%	1h	0.6278	+0.048%	$64.0M	$30.2M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−5.363%	$610	$10K	5.5x	as long as short
Lighter PONS	+0.1120%	1h	0.6284	+0.142%	$1.7M	$844K	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6180	−1.508%	$47K	$127K	3x	as long as short
Polymarket Perps PONS-USD	+0.1502%	1h	0.6296	+0.335%	$96K	$2.2M	3x	as long as short