PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0326%/8h= −35.7% APRnext payment −$1.63 per $10,000 · paid last 24h −0.134%

Price spread now: Orderly against Gate+0.248%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.248% dearer against Gate than usual: you sell high and buy low (spread +0.248% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.5926	0.0426	pay 0.0213% / 4h	1h 33m	$5.3M	$6.3M	20x
Short	Orderly PERP_PONS_USDC_mythos	0.5941	0.0100	get 0.0050% / 4h	1h 33m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.248%Rate

Funding earned: −$68.51
Price spread: +0.248% → 0.000%: $24.81
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$64.7
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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	1.69 bp	25.3 bp −$25	158.8 bp −$1,588	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0032%	1h	0.5912	−0.241%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.734%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5927	+0.017%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5933	+0.118%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.5941	+0.248%	$2K	$3K	10x
Nado PONS-PERP	+0.0100%	1h	0.5931	+0.077%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5903	−0.395%	$29K	$316K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5932	+0.096%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5935	+0.143%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5925	−0.020%	$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 PONSUSDT	+0.0100%	4h	0.5929	+0.051%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5934	+0.138%	$370	—	3x	as long as short
Hyperliquid PONS	+0.0218%	1h	0.5932	+0.101%	$60.2M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0399%	4h	0.5932	+0.101%	$13.4M	$56.0M	20x	as long as short
Gate PONS_USDTlong	+0.0426%	4h	0.5926	long leg	$5.3M	$6.3M	20x
Polymarket Perps PONS-USD	+0.0450%	1h	0.5934	+0.138%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0462%	4h	0.5926	+0.008%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0526%	4h	0.5935	+0.152%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0527%	4h	0.5935	+0.152%	$37.3M	$98.6M	20x	as long as short
Extended PONS-USD	+0.0528%	1h	0.5934	+0.128%	$101K	$811K	5x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.5909	−0.286%	$20K	$292K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5927	+0.019%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0595%	4h	0.5908	−0.296%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0638%	4h	0.5935	+0.152%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5939	+0.219%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0724%	4h	0.5931	+0.084%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0739%	4h	0.5932	+0.101%	$17.6M	$31.4M	20x	as long as short
Lighter PONS	+0.0744%	1h	0.5927	+0.025%	$1.6M	$830K	3x	as long as short
BloFin PONS-USDT	+0.0767%	4h	0.5933	+0.118%	$1.6M	$945K	20x	as long as short
Phoenix PONS	+0.1472%	1h	0.5924	−0.040%	$45K	$127K	3x	as long as short