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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0445%/8h= +48.7% APRnext payment +$2.22 per $10,000 · paid last 24h +0.083%
Price spread now: BloFin against Variational Omni+0.093%7-day average +0.046% · 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)+0.390%+$39 on $10k
Price spread, last 3 days (all we have)+0.151%+$15 · spread now +0.093%, 7d avg +0.046%
Together, before fees+0.540%+ Points / potential airdropVariational Omni: Active · farm board+$54 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.047% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PONS0.61240.0100pay 0.0050% / 4h30m 54s$1.4M$4.2M
ShortBloFin PONS-USDT0.61300.0545get 0.0272% / 4h30m 54s$1.8M$1.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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
$93.41
Price spread: +0.093% → +0.046%
$4.72
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$86.14
Costs to cover
0.120%
Break-even
0.5 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BloFin: live order book, 2 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 Variational Omni RFQ quote, 3 min ago4.89 bpdoesn't fit40.8 bp −$408doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago1.63 bp14.8 bp −$1534.0 bp −$340120.7 bp −$12.1Kdoesn'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
Injective PONS/USDC PERP−0.0047%1h0.5969−2.528%$614$10K5.5xas long as short
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0034%1h0.6118−0.111%$236K150xas long as short
Lighter RH PONS+0.0096%1h0.6125+0.012%$426K$2.6M3xas long as short
Popdex PONSUSDT+0.0096%1h0.6127+0.044%$20K$439K20xas long as short
Nado PONS-PERP+0.0100%1h0.6126+0.032%$88K$107K5xas long as short
Bybit PONSUSDT+0.0100%4h0.6121−0.054%$18.5M$31.5M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.6122−0.037%$14.0M$58.1M20xas long as short
Variational Omni PONSlong+0.0100%4h0.6124long leg$1.4M$4.2M
ApeX Omni PONSUSDT+0.0100%1h0.6127+0.044%$34K$359K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6130+0.093%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.6129+0.074%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.61240.000%$28K$546K3xas long as short
HTX PONS-USDT+0.0100%4h0.6137+0.199%$65K$509K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6127+0.044%$1.7M$3.3M20xas long as short
KuCoin PONSUSDTM+0.0116%4h0.6122−0.034%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0142%4h0.6126+0.033%$4.8M$11.7M20xas long as short
Aevo PONS-PERP+0.0160%1h0.6124−0.003%$3823xas long as short
Aster PONSUSDT+0.0169%4h0.6123−0.027%$1.1M$2.2M20xas long as short
Lighter PONS+0.0224%1h0.6127+0.044%$1.7M$922K3xas long as short
Extended PONS-USD+0.0304%1h0.6126+0.021%$253K$682K5xas long as short
MEXC PONS_USDT+0.0304%4h0.6125+0.012%$8.1M$4.9M20xas long as short
Binance PONSUSDT+0.0305%4h0.6127+0.051%$40.1M$98.7M20xas long as short
BingX PONS-USDT+0.0308%4h0.6126+0.028%$3.1Mas long as short
edgeX PONSUSDC+0.0313%4h0.6129+0.071%$21K$294K10xas long as short
BloFin PONS-USDTshort+0.0545%4h0.6130+0.093%$1.8M$1.0M20x
Polymarket Perps PONS-USD+0.0664%1h0.6127+0.038%$42K$1.7M3xas long as short
Pacifica PONS+0.0899%1h0.6125+0.014%$48K$96K3xas long as short
Hyperliquid PONS+0.0906%1h0.6125+0.017%$62.2M$30.4M3xas long as short
Phoenix PONS+0.1307%1h0.6126+0.026%$31K$102K3xas long as short
Gate PONS_USDT+0.2280%4h0.6120−0.070%$5.4M$6.3M20xas long as short