Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.103%

Price spread now: edgeX against ApeX Omni−0.078%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1231.229% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.078%, 7d avg −0.108%

Together, before fees+0.584%+ Points / potential airdropedgeX: Active · farm board+$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.030% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.5986	0.0100	pay 0.0013% / 1h	36m 45s	$35K	$345K	5x
Short	edgeX PONSUSDC	0.5981	0.0199	get 0.0099% / 4h	1h 36m	$21K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee edgeXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $20.73
Price spread: −0.078% → −0.108%: $2.98
Slippage, 4 orders: −$103.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$99.21
Costs to cover: 1.229%
Break-even: 40.5 days

Slippage from ApeX Omni: live order book, 46 min ago; edgeX: live order book, 46 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 ApeX Omni live order book, 46 min ago	32.60 bp	40.5 bp −$40	115.9 bp −$1,159	doesn't fit	doesn't fit
Sell edgeX live order book, 46 min ago	11.86 bp	20.3 bp −$20	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/USD	L +0.0032% / S −0.0034%	1h	0.5954	−0.526%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.271%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5960	−0.429%	$17K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5956	−0.496%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5956	−0.496%	$13.5M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5960	−0.428%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5962	−0.398%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5973	−0.207%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.5986	long leg	$35K	$345K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5965	−0.339%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5964	−0.366%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5958	−0.461%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5979	−0.109%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5953	−0.546%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5957	−0.482%	$371	—	3x	as long as short
Aster PONSUSDT	+0.0155%	4h	0.5960	−0.421%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0174%	4h	0.5956	−0.496%	$38.7M	$97.7M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5959	−0.446%	—	$3.1M	—	as long as short
Extended PONS-USD	+0.0184%	1h	0.5958	−0.462%	$247K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0188%	4h	0.5958	−0.463%	$7.7M	$4.9M	20x	as long as short
edgeX PONSUSDCshort	+0.0199%	4h	0.5981	−0.078%	$21K	$292K	10x
Nado PONS-PERP	+0.0218%	1h	0.5960	−0.429%	$90K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5965	−0.346%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5961	−0.405%	$47K	$96K	3x	as long as short
Lighter RH PONS	+0.0456%	1h	0.5958	−0.454%	$419K	$2.7M	3x	as long as short
Polymarket Perps PONS-USD	+0.0491%	1h	0.5961	−0.419%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0621%	1h	0.5962	−0.392%	$60.1M	$30.0M	3x	as long as short
Lighter PONS	+0.0784%	1h	0.5959	−0.439%	$1.7M	$991K	3x	as long as short
Gate PONS_USDT	+0.1368%	4h	0.5956	−0.496%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5976	−0.167%	$30K	$96K	3x	as long as short