PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1952%/8h= +213.7% APRnext payment +$9.76 per $10,000 · paid last 24h +0.094%

Price spread now: Gate against Orderly−0.201%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Gate

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

Funding pays, the price is against you. Gate is 0.201% cheaper against Orderly than usual: you would sell low and buy high (spread −0.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 8 hours of funding at the current rate (+$59 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.6158	0.0100	pay 0.0050% / 4h	47m 49s	$2K	$3K	10x
Short	Gate PONS_USDT	0.6146	0.2052	get 0.1026% / 4h	47m 49s	$5.4M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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 OrderlybpFee GatebpOrdersPrice spread, now −0.201%Rate

Funding earned: $409.92
Price spread: −0.201% → 0.000%: −$20.14
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $368.78
Costs to cover: 0.210%
Break-even: 0.7 days

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 1 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	2.44 bp	25.5 bp −$26	71.6 bp −$716	doesn't fit	doesn't fit

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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−3.067%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6145	−0.219%	$231K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6157	−0.023%	$20K	$459K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6153	−0.083%	$87K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6145	−0.218%	$18.6M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6146	−0.201%	$14.0M	$58.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6139	−0.319%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6159	+0.005%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.6158	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6158	−0.003%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6152	−0.104%	$28K	$551K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6177	+0.309%	$66K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6147	−0.185%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0108%	4h	0.6149	−0.146%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0122%	4h	0.6147	−0.187%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6150	−0.142%	$383	—	3x	as long as short
Aster PONSUSDT	+0.0211%	4h	0.6152	−0.110%	$1.1M	$2.2M	20x	as long as short
BingX PONS-USDT	+0.0284%	4h	0.6144	−0.234%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6155	−0.055%	$8.1M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0301%	4h	0.6145	−0.218%	$40.1M	$99.3M	20x	as long as short
edgeX PONSUSDC	+0.0302%	4h	0.6149	−0.150%	$21K	$293K	10x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6155	−0.057%	$254K	$682K	5x	as long as short
Lighter RH PONS	+0.0408%	1h	0.6152	−0.106%	$433K	$2.6M	3x	as long as short
Lighter PONS	+0.0464%	1h	0.6154	−0.078%	$1.7M	$921K	3x	as long as short
BloFin PONS-USDT	+0.0541%	4h	0.6158	−0.006%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0723%	1h	0.6157	−0.019%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6157	−0.026%	$49K	$96K	3x	as long as short
Hyperliquid PONS	+0.1008%	1h	0.6149	−0.146%	$62.5M	$30.7M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6150	−0.128%	$31K	$102K	3x	as long as short
Gate PONS_USDTshort	+0.2052%	4h	0.6146	−0.201%	$5.4M	$6.2M	20x