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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h −0.082%
Price spread now: ApeX Omni against Nado−0.120%61s7-day average +0.110% · 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−$1811.807% 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)+0.071%+$7 · spread now −0.120%, 7d avg +0.110%
Together, before fees−0.083%+ Points / potential airdropNado: Active · farm board−$8 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: ApeX Omni is 0.230% cheaper against Nado than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.110%. 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
LongNado PONS-PERP0.59100.0108pay 0.0014% / 1h27m 50s$89K$103K5x
ShortApeX Omni PONSUSDT0.59030.0100get 0.0013% / 1h27m 50s$34K$332K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Nado. 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
−$1.72
Price spread: −0.120% → +0.110%
−$22.99
Slippage, 4 orders
−$170.67
Fee Nado: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$205.38
Costs to cover
1.807%
Break-even
never at this rate
Slippage from Nado: live order book, 51 min ago; ApeX Omni: live order book, 59 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 Nado live order book, 51 min ago19.48 bp46.9 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 59 min ago34.37 bp41.7 bp −$42133.9 bp −$1,339doesn'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%1h0.5895−0.245%$216K150xas long as short
Injective PONS/USDC PERP+0.0066%1h0.5920+0.164%$609$6K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5907−0.049%$21K$447K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5906−0.066%$17.7M$31.9M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5906−0.066%$13.4M$56.2M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5909−0.017%$1.7M$3.7M20xas long as short
Bitget PONSUSDT+0.0100%4h0.5912+0.039%$4.6M$11.7M20xas long as short
Variational Omni PONS+0.0100%4h0.5903−0.113%$1.3M$4.3Mas long as short
ApeX Omni PONSUSDTshort+0.0100%1h0.5903−0.120%$34K$332K5x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5907−0.047%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.5908−0.029%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5902−0.127%$27K$549K3xas long as short
HTX PONS-USDT+0.0100%4h0.5919+0.152%$64K$504K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5901−0.151%$1.7M$3.3M20xas long as short
Nado PONS-PERPlong+0.0108%1h0.5910long leg$89K$103K5x
Aevo PONS-PERP+0.0128%1h0.5907−0.044%$3683xas long as short
MEXC PONS_USDT+0.0180%4h0.5908−0.032%$7.5M$5.2M20xas long as short
BingX PONS-USDT+0.0182%4h0.5906−0.066%$3.1Mas long as short
Extended PONS-USD+0.0184%1h0.5908−0.029%$105K$533K5xas long as short
Binance PONSUSDT+0.0185%4h0.5910−0.006%$38.4M$98.4M20xas long as short
edgeX PONSUSDC+0.0187%4h0.5907−0.056%$21K$294K10xas long as short
Aster PONSUSDT+0.0215%4h0.5908−0.026%$1.1M$2.2M20xas long as short
Polymarket Perps PONS-USD+0.0337%1h0.5908−0.034%$38K$1.8M3xas long as short
BloFin PONS-USDT+0.0421%4h0.5912+0.035%$1.7M$970K20xas long as short
Pacifica PONS+0.0474%1h0.5910+0.001%$47K$103K3xas long as short
Gate PONS_USDT+0.0498%4h0.5905−0.083%$5.2M$6.8M20xas long as short
Hyperliquid PONS+0.0525%1h0.5911+0.013%$59.1M$30.0M3xas long as short
Lighter RH PONS+0.0616%1h0.5909−0.019%$394K$2.6M3xas long as short
Lighter PONS+0.1128%1h0.5911+0.025%$1.7M$882K3xas long as short
Phoenix PONS+0.1275%1h0.5899−0.185%$27K$86K3xas long as short