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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%
Price spread now: Variational Omni against OKX+0.207%7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.095%−$9 on $10k
Price spread, last 7 days−0.194%−$19 · spread now +0.207%, 7d avg −0.015%
Together, before fees−0.289%+ Points / potential airdropVariational Omni: Active · farm board−$29 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: Variational Omni is 0.222% dearer against OKX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PONS-USDT-SWAP0.58010.0100pay 0.0050% / 4h2h 44m$13.3M$55.1M20x
ShortVariational Omni PONS0.58130.0100get 0.0050% / 4h2h 44m$1.3M$4.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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: +0.207% → −0.015%
$22.19
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$12.19
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.85 bp12.6 bp −$1327.5 bp −$275doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago6.81 bpdoesn't fit47.6 bp −$476doesn'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%1h0.5801−0.008%$213K150xas long as short
Injective PONS/USDC PERP+0.0066%1h0.5920+2.044%$609$6K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5811+0.172%$391K$2.6M3xas long as short
Popdex PONSUSDT+0.0096%1h0.5806+0.086%$21K$453K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5800−0.017%$17.5M$31.8M20xas long as short
OKX PONS-USDT-SWAPlong+0.0100%4h0.5801long leg$13.3M$55.1M20x
KuCoin PONSUSDTM+0.0100%4h0.5804+0.048%$1.7M$3.7M20xas long as short
Bitget PONSUSDT+0.0100%4h0.5801−0.003%$4.5M$11.7M20xas long as short
Variational Omni PONSshort+0.0100%4h0.5813+0.207%$1.3M$4.3M
ApeX Omni PONSUSDT+0.0100%1h0.5877+1.315%$34K$328K5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5806+0.095%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.5809+0.138%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5808+0.114%$26K$548K3xas long as short
HTX PONS-USDT+0.0100%4h0.5809+0.147%$63K$504K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5815+0.241%$1.6M$3.3M20xas long as short
Aevo PONS-PERP+0.0112%1h0.5800−0.017%$3613xas long as short
Binance PONSUSDT+0.0135%4h0.5806+0.086%$37.8M$98.2M20xas long as short
Extended PONS-USD+0.0136%1h0.5803+0.042%$104K$532K5xas long as short
MEXC PONS_USDT+0.0150%4h0.5807+0.103%$7.5M$5.2M20xas long as short
BingX PONS-USDT+0.0164%4h0.5809+0.138%$3.1Mas long as short
Aster PONSUSDT+0.0172%4h0.5804+0.056%$1.1M$2.2M20xas long as short
edgeX PONSUSDC+0.0174%4h0.5857+0.971%$20K$294K10xas long as short
Nado PONS-PERP+0.0181%1h0.5802+0.023%$88K$103K5xas long as short
Gate PONS_USDT+0.0240%4h0.5811+0.172%$5.1M$6.8M20xas long as short
Polymarket Perps PONS-USD+0.0296%1h0.5807+0.100%$38K$1.8M3xas long as short
BloFin PONS-USDT+0.0375%4h0.5807+0.103%$1.7M$954K20xas long as short
Pacifica PONS+0.0474%1h0.5797−0.076%$46K$102K3xas long as short
Hyperliquid PONS+0.0526%1h0.5807+0.109%$57.9M$30.0M3xas long as short
Lighter PONS+0.0672%1h0.5815+0.238%$1.7M$880K3xas long as short
Phoenix PONS+0.1275%1h0.5873+1.245%$27K$86K3xas long as short