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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0489%/8h= +53.5% APRnext payment +$0.61 per $10,000 · paid last 24h +0.067%
Price spread now: Pacifica against Aevo+0.217%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Pacifica is 0.217% dearer against Aevo than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.61110.0176pay 0.0022% / 1h6m 29s$3813x
ShortPacifica PONS0.61240.0665get 0.0083% / 1h6m 29s$48K$78K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$102.61
Price spread: +0.217% → 0.000%
$21.75
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$100.36
Costs to cover
0.240%
Break-even
0.2 days
Slippage unknown: Aevo: no order-book sample; Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Pacifica no order-book sample
Aevo and Pacifica: 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%1h0.6102−0.149%$242K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−2.319%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6119+0.128%$20K$414K20xas long as short
Variational Omni PONS+0.0100%4h0.6118+0.111%$1.4M$4.2Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6122+0.183%$34K$356K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6115+0.066%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6132+0.349%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6142+0.504%$26K$534K3xas long as short
HTX PONS-USDT+0.0100%4h0.6139+0.457%$65K$510K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6138+0.439%$1.7M$3.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PONS-PERPlong+0.0176%1h0.6111long leg$3813x
Lighter RH PONS+0.0176%1h0.6130+0.306%$434K$2.6M3xas long as short
OKX PONS-USDT-SWAP+0.0214%4h0.6106−0.085%$14.0M$56.4M20xas long as short
KuCoin PONSUSDTM+0.0224%4h0.6113+0.036%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0282%4h0.6117+0.093%$4.8M$11.3M20xas long as short
Aster PONSUSDT+0.0342%4h0.6120+0.143%$1.1M$2.0M20xas long as short
Extended PONS-USD+0.0392%1h0.6123+0.195%$253K$677K5xas long as short
edgeX PONSUSDC+0.0393%4h0.6136+0.400%$21K$292K10xas long as short
MEXC PONS_USDT+0.0394%4h0.6116+0.079%$8.0M$4.9M20xas long as short
Binance PONSUSDT+0.0394%4h0.6112+0.012%$40.2M$96.0M20xas long as short
Lighter PONS+0.0480%1h0.6133+0.360%$1.7M$945K3xas long as short
BingX PONS-USDT+0.0588%4h0.6111−0.003%$3.1Mas long as short
Nado PONS-PERP+0.0589%1h0.6120+0.140%$106K$115K5xas long as short
Bybit PONSUSDT+0.0607%4h0.6107−0.069%$18.4M$30.8M20xas long as short
BloFin PONS-USDT+0.0634%4h0.6147+0.586%$1.8M$999K20xas long as short
Pacifica PONSshort+0.0665%1h0.6124+0.217%$48K$78K3x
Polymarket Perps PONS-USD+0.0801%1h0.6117+0.098%$45K$1.6M3xas long as short
Hyperliquid PONS+0.0864%1h0.6116+0.079%$62.2M$28.9M3xas long as short
Gate PONS_USDT+0.1530%4h0.6104−0.118%$5.3M$6.2M20xas long as short
Phoenix PONS+0.1608%1h0.6136+0.406%$32K$113K3xas long as short