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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0109%/8h= +12.0% APRnext payment +$0.14 per $10,000 · paid last 24h +0.076%
Price spread now: Nado against ApeX Omni−0.035%61s7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1861.860% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.154%+$15 on $10k
Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.035%, 7d avg −0.111%
Together, before fees+0.282%+ Points / potential airdropNado: Active · farm board+$28 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 Nado is 0.076% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.111%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PONSUSDT0.59910.0100pay 0.0013% / 1h9m 55s$35K$352K5x
ShortNado PONS-PERP0.59890.0209get 0.0026% / 1h9m 55s$91K$103K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$22.92
Price spread: −0.035% → −0.111%
$7.64
Slippage, 4 orders
−$176.04
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 0 bp × 2 orders
$0
Net
−$155.48
Costs to cover
1.860%
Break-even
54.5 days
Slippage from ApeX Omni: live order book, 8 min ago; Nado: live order book, 64 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, 8 min ago28.62 bp36.3 bp −$36127.6 bp −$1,276doesn't fitdoesn't fit
Sell Nado live order book, 64 min ago16.14 bp53.0 bp −$53doesn't fitdoesn'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 +0.0033% / S −0.0036%1h0.5973−0.303%$224K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−0.367%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5988−0.058%$21K$439K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5982−0.159%$17.9M$31.5M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5984−0.125%$13.5M$56.3M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5985−0.108%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0100%4h0.5986−0.097%$4.7M$11.6M20xas long as short
Variational Omni PONS+0.0100%4h0.5976−0.255%$1.4M$4.3Mas long as short
ApeX Omni PONSUSDTlong+0.0100%1h0.5991long leg$35K$352K5x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5990−0.032%$3K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.5983−0.149%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5982−0.150%$27K$545K3xas long as short
HTX PONS-USDT+0.0100%4h0.6002+0.180%$64K$506K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5979−0.209%$1.7M$3.3M20xas long as short
Aster PONSUSDT+0.0124%4h0.5984−0.128%$1.1M$2.2M20xas long as short
Aevo PONS-PERP+0.0128%1h0.5983−0.135%$3733xas long as short
Extended PONS-USD+0.0176%1h0.5986−0.100%$248K$667K5xas long as short
Binance PONSUSDT+0.0176%4h0.5986−0.084%$38.9M$97.8M20xas long as short
MEXC PONS_USDT+0.0180%4h0.5986−0.092%$7.8M$4.9M20xas long as short
edgeX PONSUSDC+0.0180%4h0.5985−0.110%$21K$292K10xas long as short
BingX PONS-USDT+0.0182%4h0.5985−0.108%$3.1Mas long as short
Nado PONS-PERPshort+0.0209%1h0.5989−0.035%$91K$103K5x
Lighter RH PONS+0.0256%1h0.5983−0.140%$422K$2.7M3xas long as short
BloFin PONS-USDT+0.0421%4h0.5979−0.209%$1.7M$978K20xas long as short
Pacifica PONS+0.0451%1h0.5988−0.060%$47K$96K3xas long as short
Polymarket Perps PONS-USD+0.0481%1h0.5986−0.092%$37K$1.7M3xas long as short
Lighter PONS+0.0608%1h0.5983−0.137%$1.7M$1.0M3xas long as short
Hyperliquid PONS+0.0680%1h0.5989−0.043%$60.6M$30.2M3xas long as short
Phoenix PONS+0.1398%1h0.5981−0.175%$30K$96K3xas long as short
Gate PONS_USDT+0.1496%4h0.5984−0.125%$5.2M$6.5M20xas long as short