Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.024%

Price spread now: Aevo against SunX+0.017%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6079	0.0100	pay 0.0050% / 4h	3h 42m	—	$1.4M	10x
Short	Aevo PONS-PERP	0.6080	0.0160	get 0.0020% / 1h	42m 15s	$379	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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

Position, each leg$Hold fordaysFee SunXbpFee AevobpOrdersPrice spread, now +0.017%Rate

Funding earned: $12.6
Price spread: +0.017% → 0.000%: $1.74
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.66
Costs to cover: 0.240%
Break-even: 12.4 days

Slippage unknown: SunX: live order book, 2 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 2 min ago	105.17 bp	123.8 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6073	−0.094%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.795%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6083	+0.071%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6078	−0.010%	$20K	$415K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6073	−0.092%	$5.3M	$6.1M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6070	−0.149%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6068	−0.169%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6088	+0.161%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6079	long leg	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6083	+0.081%	$28K	$553K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.6087	+0.143%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6086	+0.122%	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0109%	4h	0.6085	+0.105%	$13.8M	$57.5M	20x	as long as short
Aevo PONS-PERPshort	+0.0160%	1h	0.6080	+0.017%	$379	—	3x
KuCoin PONSUSDTM	+0.0164%	4h	0.6079	0.000%	$1.8M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0204%	4h	0.6089	+0.178%	$4.7M	$11.6M	20x	as long as short
Aster PONSUSDT	+0.0208%	4h	0.6067	−0.191%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0326%	4h	0.6085	+0.105%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0326%	4h	0.6085	+0.107%	$39.8M	$97.6M	20x	as long as short
Extended PONS-USD	+0.0328%	1h	0.6078	−0.017%	$250K	$683K	5x	as long as short
edgeX PONSUSDC	+0.0333%	4h	0.6067	−0.185%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0448%	1h	0.6085	+0.105%	$1.7M	$896K	3x	as long as short
BingX PONS-USDT	+0.0562%	4h	0.6090	+0.188%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0568%	4h	0.6081	+0.039%	$1.7M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0575%	1h	0.6079	+0.007%	$105K	$116K	5x	as long as short
Pacifica PONS	+0.0665%	1h	0.6074	−0.068%	$48K	$87K	3x	as long as short
Polymarket Perps PONS-USD	+0.0794%	1h	0.6077	−0.031%	$42K	$1.6M	3x	as long as short
Bybit PONSUSDT	+0.0800%	4h	0.6086	+0.122%	$18.2M	$31.1M	20x	as long as short
Hyperliquid PONS	+0.0949%	1h	0.6091	+0.197%	$61.9M	$29.8M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6060	−0.313%	$31K	$113K	3x	as long as short