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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.119%
Price spread now: Bitget against ApeX Omni+0.247%7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$1111.106% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.391%+$39 on $10k
Price spread, last 3 days (all we have)−0.377%−$38 · spread now +0.247%, 7d avg −0.080%
Together, before fees+0.014%+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.327% dearer against ApeX Omni than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −0.080%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PONSUSDT0.59160.0100pay 0.0013% / 1h54m 53s$34K$342K5x
ShortBitget PONSUSDT0.59310.0100get 0.0050% / 4h1h 54m$4.7M$11.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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
$0
Price spread: +0.247% → −0.080%
$32.73
Slippage, 4 orders
−$88.61
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$77.88
Costs to cover
1.106%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 27 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 27 min ago32.60 bp40.5 bp −$40115.9 bp −$1,159doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago5.00 bp16.0 bp −$1643.9 bp −$439doesn't fitdoesn't fit

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 +0.0032% / S −0.0034%1h0.5923+0.115%$217K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5920+0.056%$609$6K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5928+0.198%$21K$441K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5926+0.164%$17.7M$31.8M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5927+0.181%$13.4M$56.4M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5928+0.199%$1.7M$3.7M20xas long as short
Bitget PONSUSDTshort+0.0100%4h0.5931+0.247%$4.7M$11.7M20x
Variational Omni PONS+0.0100%4h0.5914−0.030%$1.3M$4.3Mas long as short
ApeX Omni PONSUSDTlong+0.0100%1h0.5916long leg$34K$342K5x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5933+0.286%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.5933+0.274%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5927+0.186%$27K$547K3xas long as short
HTX PONS-USDT+0.0100%4h0.5936+0.340%$64K$505K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5923+0.113%$1.6M$3.3M20xas long as short
Aevo PONS-PERP+0.0120%1h0.5927+0.181%$3693xas long as short
Aster PONSUSDT+0.0150%4h0.5927+0.188%$1.1M$2.2M20xas long as short
MEXC PONS_USDT+0.0166%4h0.5927+0.181%$7.5M$4.9M20xas long as short
Extended PONS-USD+0.0168%1h0.5928+0.198%$106K$532K5xas long as short
Binance PONSUSDT+0.0171%4h0.5929+0.215%$38.5M$98.1M20xas long as short
BingX PONS-USDT+0.0172%4h0.5926+0.164%$3.1Mas long as short
edgeX PONSUSDC+0.0185%4h0.5901−0.265%$21K$292K10xas long as short
Nado PONS-PERP+0.0195%1h0.5932+0.266%$90K$103K5xas long as short
BloFin PONS-USDT+0.0411%4h0.5929+0.215%$1.7M$976K20xas long as short
Pacifica PONS+0.0451%1h0.5925+0.151%$47K$103K3xas long as short
Polymarket Perps PONS-USD+0.0540%1h0.5932+0.259%$37K$1.8M3xas long as short
Lighter RH PONS+0.0560%1h0.5928+0.198%$422K$2.6M3xas long as short
Hyperliquid PONS+0.0604%1h0.5930+0.240%$59.6M$30.1M3xas long as short
Gate PONS_USDT+0.0928%4h0.5921+0.079%$5.2M$6.4M20xas long as short
Lighter PONS+0.1016%1h0.5929+0.221%$1.7M$979K3xas long as short
Phoenix PONS+0.1275%1h0.5917+0.015%$30K$96K3xas long as short