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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against SunX−0.039%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$379as in the Price arb table
costs, in and out, $10k−$3793.791% 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 3 days (all we have)−0.224%−$22 · spread now −0.039%, 7d avg −0.042%
Together, before fees−0.223%−$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PONS-USDT0.59010.0100pay 0.0050% / 4h2h 31m$1.4M10x
ShortSoDEX PONS-USD0.58980.0100get 0.0013% / 1h31m 54s$27K$549K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$0
Price spread: −0.039% → −0.042%
$0.3
Slippage, 4 orders
−$363.14
Fee SunX: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$378.84
Costs to cover
3.791%
Break-even
never at this rate
Slippage from SunX: live order book, 2 min ago; SoDEX: live order book, 56 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 SunX live order book, 2 min ago106.54 bp125.3 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell SoDEX live order book, 56 min ago1.01 bp64.4 bp −$64doesn'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 +0.0032% / S −0.0034%1h0.5892−0.143%$216K150xas long as short
Injective PONS/USDC PERP+0.0066%1h0.5920+0.319%$609$6K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5902+0.020%$21K$447K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5900−0.014%$17.7M$31.8M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5902+0.020%$13.4M$56.1M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5902+0.019%$1.7M$3.7M20xas long as short
Bitget PONSUSDT+0.0100%4h0.5905+0.068%$4.6M$11.7M20xas long as short
Variational Omni PONS+0.0100%4h0.5865−0.602%$1.3M$4.3Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5866−0.588%$34K$330K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5907+0.100%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDTlong+0.0100%4h0.5901long leg$1.4M10x
SoDEX PONS-USDshort+0.0100%1h0.5898−0.039%$27K$549K3x
HTX PONS-USDT+0.0100%4h0.5908+0.130%$64K$504K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5895−0.098%$1.7M$3.3M20xas long as short
Nado PONS-PERP+0.0122%1h0.5902+0.020%$89K$103K5xas long as short
Aevo PONS-PERP+0.0128%1h0.5902+0.020%$3683xas long as short
edgeX PONSUSDC+0.0162%4h0.5897−0.058%$21K$293K10xas long as short
BingX PONS-USDT+0.0165%4h0.5904+0.054%$3.1Mas long as short
Extended PONS-USD+0.0176%1h0.5901+0.009%$105K$533K5xas long as short
Binance PONSUSDT+0.0178%4h0.5905+0.076%$38.4M$98.3M20xas long as short
MEXC PONS_USDT+0.0182%4h0.5903+0.037%$7.5M$5.2M20xas long as short
Aster PONSUSDT+0.0218%4h0.5902+0.024%$1.1M$2.2M20xas long as short
Gate PONS_USDT+0.0288%4h0.5898−0.047%$5.2M$6.8M20xas long as short
Polymarket Perps PONS-USD+0.0329%1h0.5901−0.003%$38K$1.8M3xas long as short
BloFin PONS-USDT+0.0422%4h0.5900−0.014%$1.7M$968K20xas long as short
Pacifica PONS+0.0474%1h0.5900−0.010%$47K$103K3xas long as short
Hyperliquid PONS+0.0535%1h0.5903+0.042%$59.0M$30.0M3xas long as short
Lighter RH PONS+0.0584%1h0.5903+0.037%$394K$2.6M3xas long as short
Lighter PONS+0.1128%1h0.5905+0.076%$1.7M$881K3xas long as short
Phoenix PONS+0.1275%1h0.5899−0.031%$27K$86K3xas long as short