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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0144%/8h= −15.8% APRnext payment $0.18 per $10,000 · paid last 24h −0.030%
Price spread now: Popdex against Aevo0.000%7-day average · you sell dearer than you buy
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 4 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: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.63760.0240pay 0.0030% / 1h58m 08s$3973x
ShortPopdex PONSUSDT0.63760.0096get 0.0012% / 1h58m 08s$24K$405K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$52.64
Costs to cover
0.224%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Popdex: live order book, 53 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 Popdex live order book, 53 min ago7.87 bp112.0 bp −$112doesn't fitdoesn'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 exchanges

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 +0.0032% / S −0.0030%1h0.6365−0.178%$250K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5938−6.862%$610$10K5.5xas long as short
Popdex PONSUSDTshort+0.0096%1h0.63760.000%$24K$405K20x
ApeX Omni PONSUSDT+0.0100%1h0.6360−0.249%$32K$280K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6382+0.093%$2K$4K10xas long as short
SunX PONS-USDT+0.0100%4h0.6383+0.108%$899K10xas long as short
SoDEX PONS-USD+0.0100%1h0.6373−0.052%$27K$636K3xas long as short
HTX PONS-USDT+0.0100%4h0.6375−0.011%$67K$537K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6372−0.063%$1.7M$3.2M20xas long as short
Nado PONS-PERP+0.0181%1h0.6381+0.078%$77K$105K5xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PONS-PERPlong+0.0240%1h0.6376long leg$3973x
OKX PONS-USDT-SWAP+0.0405%4h0.63760.000%$14.5M$60.6M20xas long as short
KuCoin PONSUSDTM+0.0478%4h0.6375−0.009%$1.8M$4.3M20xas long as short
Aster PONSUSDT+0.0535%4h0.6377+0.013%$1.2M$2.2M20xas long as short
Lighter RH PONS+0.0600%1h0.6372−0.060%$450K$2.6M3xas long as short
Pacifica PONS+0.0616%1h0.6385+0.138%$47K$76K3xas long as short
Polymarket Perps PONS-USD+0.0661%1h0.6374−0.035%$75K$2.1M3xas long as short
Variational Omni PONS+0.0662%4h0.6340−0.564%$1.6M$4.3Mas long as short
MEXC PONS_USDT+0.0676%4h0.6377+0.016%$7.9M$4.5M20xas long as short
Binance PONSUSDT+0.0679%4h0.6378+0.031%$41.9M$101.3M20xas long as short
edgeX PONSUSDC+0.0679%4h0.6348−0.434%$19K$294K10xas long as short
Extended PONS-USD+0.0680%1h0.6379+0.045%$184K$881K5xas long as short
Hyperliquid PONS+0.0720%1h0.6380+0.060%$65.5M$31.1M3xas long as short
Bitget PONSUSDT+0.0762%4h0.6381+0.085%$5.2M$13.6M20xas long as short
BingX PONS-USDT+0.0794%4h0.6371−0.078%$3.1Mas long as short
Bybit PONSUSDT+0.0845%4h0.6374−0.031%$19.3M$32.6M20xas long as short
Gate PONS_USDT+0.0896%4h0.6365−0.173%$5.5M$6.4M20xas long as short
BloFin PONS-USDT+0.0916%4h0.6346−0.471%$1.9M$1.1M20xas long as short
Lighter PONS+0.1208%1h0.6376−0.002%$1.8M$851K3xas long as short
Phoenix PONS+0.1668%1h0.6353−0.365%$48K$162K3xas long as short