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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.001%
Price spread now: OKX against Aevo−0.006%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 feesneeds 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: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.57900.0224pay 0.0028% / 1h23m 19s$3613x
ShortOKX PONS-USDT-SWAP0.57900.0388get 0.0194% / 4h2h 23m$13.1M$54.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$34.53
Price spread: −0.006% → 0.000%
−$0.62
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee OKX: 5 bp × 2 orders
−$10
Net
$7.91
Costs to cover
0.260%
Break-even
5.4 days
Slippage unknown: Aevo: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago0.85 bp12.0 bp −$1231.4 bp −$314doesn'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
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0032%1h0.5787−0.056%$230K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+3.094%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5796+0.099%$412K$2.6M3xas long as short
Popdex PONSUSDT+0.0096%1h0.5804+0.236%$21K$429K20xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5794+0.065%$2K$3K10xas long as short
Nado PONS-PERP+0.0100%1h0.5800+0.166%$68K$131K5xas long as short
Gate PONS_USDT+0.0100%4h0.5799+0.149%$5.2M$6.3M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5912+2.102%$29K$331K5xas long as short
SunX PONS-USDT+0.0100%4h0.5799+0.158%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5794+0.054%$25K$583K3xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PONS-USDT+0.0100%4h0.5831+0.697%$64K$525K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5790−0.006%$1.6M$3.2M20xas long as short
Hyperliquid PONS+0.0221%1h0.5801+0.188%$59.0M$29.3M3xas long as short
Aevo PONS-PERPlong+0.0224%1h0.5790long leg$3613x
OKX PONS-USDT-SWAPshort+0.0388%4h0.5790−0.006%$13.1M$54.6M20x
Aster PONSUSDT+0.0451%4h0.5798+0.140%$1.1M$2.2M20xas long as short
Lighter PONS+0.0536%1h0.5803+0.210%$1.6M$934K3xas long as short
Extended PONS-USD+0.0584%1h0.5790−0.008%$99K$818K5xas long as short
MEXC PONS_USDT+0.0584%4h0.5800+0.166%$7.4M$4.8M20xas long as short
Binance PONSUSDT+0.0587%4h0.5799+0.151%$36.8M$98.2M20xas long as short
Bitget PONSUSDT+0.0588%4h0.5799+0.154%$4.6M$12.1M20xas long as short
Variational Omni PONS+0.0613%4h0.5828+0.651%$1.3M$4.1Mas long as short
edgeX PONSUSDC+0.0623%4h0.5888+1.686%$20K$294K10xas long as short
Pacifica PONS+0.0715%1h0.5801+0.190%$44K$69K3xas long as short
KuCoin PONSUSDTM+0.0722%4h0.5798+0.137%$1.6M$3.8M20xas long as short
Polymarket Perps PONS-USD+0.0745%1h0.5802+0.192%$120K$1.8M3xas long as short
BloFin PONS-USDT+0.0827%4h0.5793+0.046%$1.7M$926K20xas long as short
BingX PONS-USDT+0.0834%4h0.5790−0.006%$3.0Mas long as short
Bybit PONSUSDT+0.0939%4h0.5791+0.011%$17.4M$31.5M20xas long as short
Phoenix PONS+0.1719%1h0.5822+0.552%$44K$121K3xas long as short