Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0520%/8h= +57.0% APRpaid last 24h +0.101%

Price spread now: edgeX against ApeX Omni+0.022%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1221.221% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.500%+$50 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.022%, 7d avg −0.097%

Together, before fees+0.482%+ Points / potential airdropedgeX: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.119% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.6285	0.0100	pay 0.0013% / 1h	37m 39s	$31K	$303K	5x
Short	edgeX PONSUSDC	0.6286	0.0620	get 0.0310% / 4h	37m 39s	$21K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee edgeXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $109.27
Price spread: +0.022% → −0.097%: $11.89
Slippage, 4 orders: −$103.05
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$0.89
Costs to cover: 1.221%
Break-even: 7.1 days

Slippage from ApeX Omni: live order book, 65 min ago; edgeX: live order book, 65 min ago.

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 ApeX Omni live order book, 65 min ago	31.07 bp	39.4 bp −$39	122.5 bp −$1,225	doesn't fit	doesn't fit
Sell edgeX live order book, 65 min ago	10.98 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit

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 +0.0032% / S −0.0029%	1h	0.6211	−1.181%	$236K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6216	−1.099%	$22K	$454K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6231	−0.854%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.6285	long leg	$31K	$303K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6228	−0.904%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6232	−0.842%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6222	−1.006%	$27K	$628K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6234	−0.808%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6215	−1.115%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6230	−0.883%	$388	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0426%	4h	0.6218	−1.068%	$14.1M	$60.3M	20x	as long as short
Variational Omni PONS	+0.0520%	4h	0.6292	+0.114%	$1.5M	$4.2M	—	as long as short
Aster PONSUSDT	+0.0525%	4h	0.6206	−1.252%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0562%	4h	0.6206	−1.255%	$1.6M	$3.9M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6208	−1.228%	$47K	$69K	3x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6208	−1.234%	$105K	$818K	5x	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.6212	−1.163%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0601%	4h	0.6207	−1.243%	$40.9M	$103.2M	20x	as long as short
edgeX PONSUSDCshort	+0.0620%	4h	0.6286	+0.022%	$21K	$289K	10x
Lighter RH PONS	+0.0656%	1h	0.6208	−1.235%	$440K	$2.6M	3x	as long as short
BingX PONS-USDT	+0.0667%	4h	0.6224	−0.972%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0690%	4h	0.6210	−1.195%	$18.8M	$32.5M	20x	as long as short
Bitget PONSUSDT	+0.0706%	4h	0.6218	−1.069%	$4.9M	$12.8M	20x	as long as short
Hyperliquid PONS	+0.0769%	1h	0.6206	−1.259%	$63.1M	$30.2M	3x	as long as short
Lighter PONS	+0.0840%	1h	0.6213	−1.144%	$1.7M	$847K	3x	as long as short
BloFin PONS-USDT	+0.0842%	4h	0.6218	−1.068%	$1.7M	$1.0M	20x	as long as short
Gate PONS_USDT	+0.0880%	4h	0.6203	−1.306%	$5.5M	$6.4M	20x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−5.515%	$610	$10K	5.5x	as long as short
Polymarket Perps PONS-USD	+0.1327%	1h	0.6234	−0.805%	$68K	$2.2M	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6308	+0.371%	$48K	$127K	3x	as long as short