Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.067%
Price spread now: Extended against Aevo−0.014%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.61270.0160pay 0.0020% / 1h30m 16s$3823x
ShortExtended PONS-USD0.61260.0304get 0.0038% / 1h30m 16s$253K$682K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Aevo. 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

Funding earned
$30.24
Price spread: −0.014% → 0.000%
−$1.42
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$7.82
Costs to cover
0.210%
Break-even
5.2 days
Slippage unknown: Aevo: no order-book sample; Extended: live order book, 48 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Extended live order book, 48 min ago11.94 bp26.3 bp −$26183.1 bp −$1,831doesn't fitdoesn't fit
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PONS/USDC PERP−0.0047%1h0.5969−2.572%$614$10K5.5xas long as short
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.6118−0.149%$242K150xas long as short
Lighter RH PONS+0.0096%1h0.6127−0.001%$424K$2.6M3xas long as short
Popdex PONSUSDT+0.0096%1h0.6125−0.034%$20K$438K20xas long as short
Nado PONS-PERP+0.0100%1h0.6125−0.033%$88K$107K5xas long as short
Bybit PONSUSDT+0.0100%4h0.6120−0.115%$18.5M$31.5M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.6121−0.099%$14.0M$58.1M20xas long as short
Variational Omni PONS+0.0100%4h0.6124−0.045%$1.4M$4.2Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6127−0.001%$34K$359K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6130+0.054%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.6128+0.010%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6128+0.010%$28K$546K3xas long as short
HTX PONS-USDT+0.0100%4h0.6136+0.138%$65K$509K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6129+0.031%$1.7M$3.3M20xas long as short
KuCoin PONSUSDTM+0.0118%4h0.6126−0.022%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0144%4h0.6129+0.035%$4.8M$11.7M20xas long as short
Aevo PONS-PERPlong+0.0160%1h0.6127long leg$3823x
Aster PONSUSDT+0.0166%4h0.6123−0.070%$1.1M$2.2M20xas long as short
Lighter PONS+0.0240%1h0.6128+0.014%$1.7M$922K3xas long as short
Binance PONSUSDT+0.0303%4h0.6125−0.034%$40.1M$98.7M20xas long as short
Extended PONS-USDshort+0.0304%1h0.6126−0.014%$253K$682K5x
MEXC PONS_USDT+0.0304%4h0.6126−0.017%$8.1M$4.9M20xas long as short
BingX PONS-USDT+0.0308%4h0.6126−0.017%$3.1Mas long as short
edgeX PONSUSDC+0.0313%4h0.6129+0.026%$21K$294K10xas long as short
BloFin PONS-USDT+0.0545%4h0.6130+0.048%$1.8M$1.0M20xas long as short
Polymarket Perps PONS-USD+0.0665%1h0.6126−0.021%$42K$1.7M3xas long as short
Pacifica PONS+0.0899%1h0.6124−0.052%$48K$96K3xas long as short
Hyperliquid PONS+0.0905%1h0.6129+0.023%$62.3M$30.4M3xas long as short
Phoenix PONS+0.1307%1h0.6126−0.019%$31K$102K3xas long as short
Gate PONS_USDT+0.2294%4h0.6120−0.115%$5.4M$6.3M20xas long as short