Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0425%/8h= −46.5% APRpaid last 24h −0.133%

Price spread now: Aevo against BloFin+0.082%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.082% dearer against BloFin than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6107	0.0593	pay 0.0296% / 4h	3h 28m	$1.8M	$1.0M	20x
Short	Aevo PONS-PERP	0.6112	0.0168	get 0.0021% / 1h	28m 30s	$381	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now +0.082%Rate

Funding earned: −$89.22
Price spread: +0.082% → 0.000%: $8.19
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$109.03
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 4 min ago	1.64 bp	10.5 bp −$11	24.0 bp −$240	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6098	−0.151%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.252%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6124	+0.278%	$433K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6129	+0.360%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	−0.040%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6102	−0.082%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6115	+0.124%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6104	−0.052%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6110	+0.046%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6122	+0.244%	$65K	$510K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6106	−0.016%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERPshort	+0.0168%	1h	0.6112	+0.082%	$381	—	3x
OKX PONS-USDT-SWAP	+0.0172%	4h	0.6127	+0.327%	$14.0M	$57.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0190%	4h	0.6123	+0.255%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0242%	4h	0.6131	+0.401%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0268%	4h	0.6124	+0.276%	$1.1M	$2.1M	20x	as long as short
edgeX PONSUSDC	+0.0344%	4h	0.6106	−0.017%	$21K	$294K	10x	as long as short
Extended PONS-USD	+0.0352%	1h	0.6127	+0.329%	$253K	$679K	5x	as long as short
MEXC PONS_USDT	+0.0352%	4h	0.6130	+0.377%	$8.0M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0358%	4h	0.6128	+0.344%	$40.2M	$96.7M	20x	as long as short
Lighter PONS	+0.0472%	1h	0.6124	+0.278%	$1.7M	$926K	3x	as long as short
BloFin PONS-USDTlong	+0.0593%	4h	0.6107	long leg	$1.8M	$1.0M	20x
Nado PONS-PERP	+0.0612%	1h	0.6124	+0.276%	$106K	$115K	5x	as long as short
Pacifica PONS	+0.0665%	1h	0.6126	+0.309%	$48K	$78K	3x	as long as short
BingX PONS-USDT	+0.0682%	4h	0.6130	+0.377%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0712%	4h	0.6126	+0.311%	$18.4M	$30.9M	20x	as long as short
Polymarket Perps PONS-USD	+0.0778%	1h	0.6128	+0.347%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0903%	1h	0.6127	+0.319%	$62.3M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.1058%	4h	0.6118	+0.180%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6110	+0.046%	$32K	$113K	3x	as long as short