data as of
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Funding arb /

PONS

all PONS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC+0.0420%/8h
next payment, per $10,000+$0.53paid, last 24h+0.205%paid, last 7 days+0.468%to open and close $10k−$152
Long on ApeX OmniShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni PONSUSDT0.61500.0100pay 0.0013% / 1h25m 38s$38K$318K5x
ShortHyperliquid PONS0.61150.0520get 0.0065% / 1h25m 38s$61.5M$27.3M3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$88.29
Slippage, 4 orders
−$133.38
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$64.09
Break-even
12.1 days
Slippage from ApeX Omni: live order book, 18 min ago; Hyperliquid: live order book, 9 min ago.

Price risk

price view
Price gap now
−0.579%
Avg gap 7d
−0.100%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 18 min ago41.89 bp49.1 bp −$49131.5 bp −$1,315doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago4.28 bp8.8 bp −$99.0 bp −$90doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PONS_USDT−0.0392%4h$5.5M$7.4M20xas long as short
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0031%1h$220K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$11K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$19K$473K20xas long as short
Aster PONSUSDT+0.0100%4h$1.1M$2.1M20xas long as short
ApeX Omni PONSUSDTlong+0.0100%1h$38K$318K5x
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$2K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h$27K$461K3xas long as short
HTX PONS-USDT+0.0100%4h$65K$491K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h$1.7M$3.3M20xas long as short
OKX PONS-USDT-SWAP+0.0142%4h$14.0M$54.0M20xas long as short
Aevo PONS-PERP+0.0200%1h$381—3xas long as short
KuCoin PONSUSDTM+0.0242%4h$1.8M$3.1M20xas long as short
Bitget PONSUSDT+0.0250%4h$4.7M$10.8M20xas long as short
Nado PONS-PERP+0.0328%1h$110K$68K5xas long as short
Variational Omni PONS+0.0418%4h$1.3M$3.8M—as long as short
Bybit PONSUSDT+0.0449%4h$18.8M$28.0M20xas long as short
Binance PONSUSDT+0.0470%4h$40.5M$93.7M20xas long as short
Extended PONS-USD+0.0480%1h$92K$542K5xas long as short
MEXC PONS_USDT+0.0480%4h$7.5M$5.1M20xas long as short
edgeX PONSUSDC+0.0480%4h$21K$291K10xas long as short
Hyperliquid PONSshort+0.0520%1h$61.5M$27.3M3x
BingX PONS-USDT+0.0592%4h—$3.1M—as long as short
Polymarket Perps PONS-USD+0.0598%1h$60K$1.8M3xas long as short
Pacifica PONS+0.0616%1h$50K$123K3xas long as short
BloFin PONS-USDT+0.0721%4h$1.8M$946K20xas long as short
Lighter RH PONS+0.0824%1h$426K$2.3M3xas long as short
Lighter PONS+0.1424%1h$1.8M$783K3xas long as short
Phoenix PONS+0.1528%1h$25K$61K3xas long as short