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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against SoDEX+0.061%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$438as in the Price arb table
costs, in and out, $10k−$4394.393% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.061%, 7d avg +0.044%
Together, before fees−0.237%−$24 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX PONS-USD0.59040.0100pay 0.0013% / 1h56m 45s$25K$589K3x
ShortHTX PONS-USDT0.59080.0100get 0.0050% / 4h1h 56m$64K$524K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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: +0.061% → +0.044%
$1.65
Slippage, 4 orders
−$419.26
Fee SoDEX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$437.6
Costs to cover
4.393%
Break-even
never at this rate
Slippage from SoDEX: live order book, 52 min ago; HTX: live order book, 52 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 SoDEX live order book, 52 min ago2.52 bp66.0 bp −$66doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 52 min ago39.41 bp174.0 bp −$174doesn'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 −0.0032%1h0.5900−0.064%$234K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+1.109%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5898−0.097%$408K$2.5M3xas long as short
Popdex PONSUSDT+0.0096%1h0.5901−0.051%$21K$422K20xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5913+0.149%$2K$3K10xas long as short
Nado PONS-PERP+0.0100%1h0.5901−0.051%$69K$131K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5913+0.154%$29K$329K5xas long as short
SunX PONS-USDT+0.0100%4h0.5912+0.129%$1.3M10xas long as short
SoDEX PONS-USDlong+0.0100%1h0.5904long leg$25K$589K3x
HTX PONS-USDTshort+0.0100%4h0.5908+0.061%$64K$524K20x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.5903−0.017%$1.6M$3.2M20xas long as short
Aevo PONS-PERP+0.0224%1h0.5904−0.008%$3683xas long as short
Gate PONS_USDT+0.0260%4h0.5897−0.119%$5.2M$6.3M20xas long as short
Hyperliquid PONS+0.0286%1h0.5898−0.095%$59.9M$29.6M3xas long as short
OKX PONS-USDT-SWAP+0.0424%4h0.5899−0.085%$13.3M$55.6M20xas long as short
Aster PONSUSDT+0.0475%4h0.5896−0.128%$1.1M$2.2M20xas long as short
Polymarket Perps PONS-USD+0.0487%1h0.5903−0.012%$89K$1.9M3xas long as short
Pacifica PONS+0.0556%1h0.5899−0.077%$45K$69K3xas long as short
Binance PONSUSDT+0.0579%4h0.5895−0.146%$37.1M$98.6M20xas long as short
MEXC PONS_USDT+0.0580%4h0.5898−0.102%$7.5M$4.7M20xas long as short
Extended PONS-USD+0.0584%1h0.5895−0.160%$101K$811K5xas long as short
edgeX PONSUSDC+0.0599%4h0.5920+0.267%$20K$293K10xas long as short
Variational Omni PONS+0.0651%4h0.5917+0.227%$1.4M$4.1Mas long as short
Bitget PONSUSDT+0.0652%4h0.5899−0.076%$4.7M$12.2M20xas long as short
KuCoin PONSUSDTM+0.0684%4h0.5897−0.124%$1.6M$3.8M20xas long as short
Lighter PONS+0.0792%1h0.5903−0.012%$1.6M$822K3xas long as short
BloFin PONS-USDT+0.0822%4h0.5905+0.017%$1.7M$956K20xas long as short
BingX PONS-USDT+0.0882%4h0.5898−0.102%$3.0Mas long as short
Bybit PONSUSDT+0.0921%4h0.5897−0.119%$17.6M$31.5M20xas long as short
Phoenix PONS+0.1719%1h0.5909+0.078%$45K$120K3xas long as short