PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%

Price spread now: gTrade (Gains Network) against SoDEX−0.106%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,719as in the Price arb table

costs, in and out, $10k−$4,72347.228% of the position

Long on SoDEX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.771%−$77 · spread now −0.106%, 7d avg −0.146%

Together, before fees−0.794%−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.040% dearer against SoDEX than usual: you sell high and buy low (spread −0.106% now, against its 7-day average of −0.146%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.5951	0.0100	pay 0.0013% / 1h	4m 09s	$26K	$527K	3x
Short	gTrade (Gains Network) PONS/USD	0.5945	L +0.0033% / S −0.0033%	get 0.0004% / 1h	4m 09s	$235K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SoDEX. 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 SoDEXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.106%Rate

Funding earned: −$14.15
Price spread: −0.106% → −0.146%: $4.01
Slippage, 4 orders: −$4,702.82
Fee SoDEX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,732.97
Costs to cover: 47.228%
Break-even: never at this rate

Slippage from SoDEX: live order book, 59 min ago; gTrade (Gains Network): virtual book (oracle venue), 60 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 SoDEX live order book, 59 min ago	2.14 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 60 min ago	130.01 bp	2470.9 bp −$2,471	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/USDshort	L +0.0033% / S −0.0033%	1h	0.5945	−0.106%	$235K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.313%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5955	+0.069%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5981	+0.504%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5955	+0.060%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5956	+0.092%	—	$1.3M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.5951	long leg	$26K	$527K	3x
HTX PONS-USDT	+0.0100%	4h	0.5969	+0.308%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5954	+0.052%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0140%	4h	0.5956	+0.086%	$5.2M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0199%	4h	0.5951	+0.007%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5941	−0.159%	$370	—	3x	as long as short
Nado PONS-PERP	+0.0242%	1h	0.5956	+0.086%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0248%	1h	0.5952	+0.022%	$404K	$2.5M	3x	as long as short
Lighter PONS	+0.0304%	1h	0.5953	+0.035%	$1.6M	$877K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0317%	4h	0.5948	−0.049%	$13.5M	$54.5M	20x	as long as short
Aster PONSUSDT	+0.0405%	4h	0.5948	−0.051%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0426%	4h	0.5954	+0.047%	$4.7M	$11.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0486%	4h	0.5953	+0.035%	$1.6M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0490%	4h	0.5952	+0.018%	$17.8M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.5953	+0.035%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0512%	1h	0.5948	−0.040%	$246K	$672K	5x	as long as short
MEXC PONS_USDT	+0.0514%	4h	0.5952	+0.018%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0514%	4h	0.5955	+0.063%	$39.2M	$94.9M	20x	as long as short
edgeX PONSUSDC	+0.0539%	4h	0.5968	+0.286%	$18K	$293K	10x	as long as short
BloFin PONS-USDT	+0.0754%	4h	0.5955	+0.069%	$1.7M	$961K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5957	+0.105%	$47K	$69K	3x	as long as short
Hyperliquid PONS	+0.0766%	1h	0.5952	+0.024%	$60.6M	$27.8M	3x	as long as short
Polymarket Perps PONS-USD	+0.0850%	1h	0.5954	+0.045%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5959	+0.131%	$31K	$98K	3x	as long as short