PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1137%/8h= −124.6% APRnext payment −$5.69 per $10,000 · paid last 24h −0.024%

Price spread now: edgeX against Gate+0.239%52s7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.942% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.239%, 7d avg +0.054%

Together, before fees−0.140%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.185% dearer against Gate than usual: you sell high and buy low (spread +0.239% now, against its 7-day average of +0.054%): +$19 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.052% in total) that is about 25 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.69 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	0.6121	0.1530	pay 0.0765% / 4h	3h 06m	$5.4M	$6.2M	20x
Short	edgeX PONSUSDC	0.6136	0.0393	get 0.0196% / 4h	3h 06m	$21K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.239%Rate

Funding earned: −$238.87
Price spread: +0.239% → +0.054%: $18.51
Slippage, 4 orders: −$70.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$314.58
Costs to cover: 0.942%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 1 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, 2 min ago	4.08 bp	24.4 bp −$24	184.3 bp −$1,843	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	13.02 bp	21.3 bp −$21	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 +0.0033% / S −0.0033%	1h	0.6129	+0.125%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.475%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6119	−0.033%	$20K	$414K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6118	−0.049%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6122	+0.023%	$34K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6149	+0.451%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6132	+0.188%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6142	+0.343%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6139	+0.296%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6138	+0.278%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0176%	1h	0.6142	+0.341%	$383	—	3x	as long as short
Lighter RH PONS	+0.0176%	1h	0.6130	+0.145%	$434K	$2.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0214%	4h	0.6112	−0.147%	$14.0M	$56.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0224%	4h	0.6122	+0.018%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0282%	4h	0.6120	−0.020%	$4.8M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0342%	4h	0.6129	+0.138%	$1.1M	$2.0M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	0.6123	+0.035%	$253K	$677K	5x	as long as short
edgeX PONSUSDCshort	+0.0393%	4h	0.6136	+0.239%	$21K	$292K	10x
MEXC PONS_USDT	+0.0394%	4h	0.6126	+0.082%	$8.0M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0394%	4h	0.6120	−0.023%	$40.3M	$96.0M	20x	as long as short
Lighter PONS	+0.0480%	1h	0.6133	+0.199%	$1.7M	$945K	3x	as long as short
BingX PONS-USDT	+0.0588%	4h	0.6120	−0.016%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0589%	1h	0.6120	−0.021%	$106K	$115K	5x	as long as short
Bybit PONSUSDT	+0.0607%	4h	0.6114	−0.114%	$18.5M	$30.8M	20x	as long as short
BloFin PONS-USDT	+0.0634%	4h	0.6147	+0.425%	$1.8M	$999K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6124	+0.057%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0803%	1h	0.6140	+0.306%	$45K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0867%	1h	0.6125	+0.072%	$62.3M	$28.9M	3x	as long as short
Gate PONS_USDTlong	+0.1530%	4h	0.6121	long leg	$5.4M	$6.2M	20x
Phoenix PONS	+0.1608%	1h	0.6136	+0.245%	$32K	$113K	3x	as long as short