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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0348%/8h= +38.1% APRnext payment +$0.43 per $10,000 · paid last 24h +0.086%
Price spread now: Extended against ApeX Omni−0.160%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1371.371% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.576%+$58 on $10k
Price spread, last 4 days (all we have)−0.249%−$25 · spread now −0.160%, 7d avg −0.126%
Together, before fees+0.327%+ Points / potential airdropExtended: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.034% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of −0.126%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PONSUSDT0.60600.0100pay 0.0013% / 1h4m 59s$33K$352K5x
ShortExtended PONS-USD0.60510.0448get 0.0056% / 1h4m 59s$250K$670K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$73.08
Price spread: −0.160% → −0.126%
−$3.41
Slippage, 4 orders
−$122.14
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$67.47
Costs to cover
1.371%
Break-even
13.5 days
Slippage from ApeX Omni: live order book, 62 min ago; Extended: live order book, 63 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, 62 min ago28.39 bp36.2 bp −$36131.2 bp −$1,312doesn't fitdoesn't fit
Sell Extended live order book, 63 min ago11.01 bp24.6 bp −$25178.2 bp −$1,782doesn't fitdoesn't fit

PONS on 29 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 −0.0033%1h0.6040−0.345%$239K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−1.502%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6048−0.206%$20K$423K20xas long as short
Variational Omni PONS+0.0100%4h0.6054−0.100%$1.4M$3.9Mas long as short
ApeX Omni PONSUSDTlong+0.0100%1h0.6060long leg$33K$352K5x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6058−0.050%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6051−0.163%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6049−0.182%$26K$520K3xas long as short
HTX PONS-USDT+0.0100%4h0.6061+0.015%$64K$509K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6050−0.173%$1.7M$3.2M20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH PONS+0.0144%1h0.6049−0.191%$424K$2.5M3xas long as short
Aevo PONS-PERP+0.0192%1h0.6051−0.149%$3773xas long as short
Lighter PONS+0.0200%1h0.6049−0.190%$1.7M$889K3xas long as short
OKX PONS-USDT-SWAP+0.0254%4h0.6050−0.173%$13.9M$54.8M20xas long as short
Nado PONS-PERP+0.0269%1h0.6048−0.206%$71K$131K5xas long as short
KuCoin PONSUSDTM+0.0278%4h0.6051−0.153%$1.7M$3.7M20xas long as short
Bitget PONSUSDT+0.0356%4h0.6051−0.160%$4.7M$11.3M20xas long as short
BingX PONS-USDT+0.0410%4h0.6050−0.173%$3.0Mas long as short
Bybit PONSUSDT+0.0433%4h0.6048−0.206%$18.1M$30.5M20xas long as short
edgeX PONSUSDC+0.0440%4h0.6058−0.043%$21K$292K10xas long as short
Aster PONSUSDT+0.0440%4h0.6050−0.169%$1.1M$2.0M20xas long as short
MEXC PONS_USDT+0.0444%4h0.6051−0.157%$7.8M$4.8M20xas long as short
Binance PONSUSDT+0.0445%4h0.6051−0.149%$39.7M$94.3M20xas long as short
Extended PONS-USDshort+0.0448%1h0.6051−0.160%$250K$670K5x
Hyperliquid PONS+0.0710%1h0.6052−0.132%$61.7M$27.8M3xas long as short
Gate PONS_USDT+0.0772%4h0.6045−0.256%$5.3M$6.2M20xas long as short
Polymarket Perps PONS-USD+0.0774%1h0.6050−0.173%$47K$1.5M3xas long as short
Pacifica PONS+0.0869%1h0.6048−0.211%$48K$75K3xas long as short
Phoenix PONS+0.1695%1h0.6022−0.635%$31K$107K3xas long as short