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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.063%
Price spread now: Extended against Aevo−0.001%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds 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: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.60210.0184pay 0.0023% / 1h46m 53s$3753x
ShortExtended PONS-USD0.60210.0408get 0.0051% / 1h46m 53s$249K$682K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Aevo. 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
$47.04
Price spread: −0.001% → 0.000%
−$0.05
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$25.99
Costs to cover
0.210%
Break-even
3.1 days
Slippage unknown: Aevo: no order-book sample; Extended: live order book, 21 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 Aevo no order-book sample
Sell Extended live order book, 21 min ago11.01 bp24.6 bp −$25178.2 bp −$1,782doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.6014−0.115%$238K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−0.856%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6020−0.017%$19K$422K20xas long as short
Variational Omni PONS+0.0100%4h0.6048+0.441%$1.4M$4.1Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6065+0.724%$33K$353K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6022+0.025%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6023+0.030%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6022+0.015%$26K$530K3xas long as short
HTX PONS-USDT+0.0100%4h0.6038+0.282%$64K$509K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6018−0.050%$1.7M$3.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PONS-PERPlong+0.0184%1h0.6021long leg$3753x
OKX PONS-USDT-SWAP+0.0213%4h0.60210.000%$13.8M$55.5M20xas long as short
KuCoin PONSUSDTM+0.0218%4h0.6021−0.005%$1.7M$3.7M20xas long as short
Bybit PONSUSDT+0.0294%4h0.6020−0.017%$18.1M$30.8M20xas long as short
Bitget PONSUSDT+0.0294%4h0.6022+0.021%$4.7M$11.3M20xas long as short
Lighter RH PONS+0.0336%1h0.6023+0.040%$420K$2.5M3xas long as short
Aster PONSUSDT+0.0343%4h0.6020−0.010%$1.1M$2.0M20xas long as short
Nado PONS-PERP+0.0350%1h0.6023+0.027%$71K$132K5xas long as short
BingX PONS-USDT+0.0386%4h0.6023+0.033%$3.0Mas long as short
Lighter PONS+0.0400%1h0.6022+0.025%$1.7M$883K3xas long as short
Binance PONSUSDT+0.0404%4h0.6022+0.017%$39.5M$96.0M20xas long as short
Extended PONS-USDshort+0.0408%1h0.6021−0.001%$249K$682K5x
MEXC PONS_USDT+0.0410%4h0.6022+0.016%$7.8M$4.7M20xas long as short
edgeX PONSUSDC+0.0416%4h0.6065+0.734%$21K$293K10xas long as short
BloFin PONS-USDT+0.0646%4h0.6065+0.730%$1.8M$984K20xas long as short
Hyperliquid PONS+0.0705%1h0.6026+0.087%$61.3M$28.7M3xas long as short
Gate PONS_USDT+0.0768%4h0.6022+0.016%$5.3M$6.1M20xas long as short
Polymarket Perps PONS-USD+0.0779%1h0.6022+0.013%$46K$1.6M3xas long as short
Pacifica PONS+0.0869%1h0.6022+0.023%$47K$75K3xas long as short
Phoenix PONS+0.1695%1h0.6064+0.714%$31K$107K3xas long as short