data as of
Settings8H · net · $10k
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Funding arb /

PONS

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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 18:00 UTC−0.0157%/8h
paid, last 24h+0.098%paid, last 7 days−0.027%to open and close $10k−$67
Long on edgeXShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX PONSUSDC0.59360.0395pay 0.0197% / 4h2h 37m$21K$291K10x
ShortHyperliquid PONS0.59080.0238get 0.0030% / 1h37m 44s$59.0M$29.0M3x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$32.92
Slippage, 4 orders
−$48.78
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$99.71
Break-even
never at this rate
Slippage from edgeX: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.

Price risk

price view
Price gap now
−0.467%
Avg gap 7d
+0.007%
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 edgeX live order book, 2 min ago11.83 bp20.7 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago2.43 bp13.5 bp −$13doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0032%1h$214K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$7K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$18K$493K20xas long as short
Aster PONSUSDT+0.0100%4h$1.1M$2.1M20xas long as short
Gate PONS_USDT+0.0100%4h$5.3M$7.7M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h$30K$321K5xas long as short
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$26K$507K3xas long as short
HTX PONS-USDT+0.0100%4h$63K$496K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h$1.7M$3.3M20xas long as short
KuCoin PONSUSDTM+0.0106%4h$1.7M$3.3M20xas long as short
Bybit PONSUSDT+0.0128%4h$17.7M$30.0M20xas long as short
OKX PONS-USDT-SWAP+0.0140%4h$13.2M$55.6M20xas long as short
Variational Omni PONS+0.0143%4h$1.2M$3.9M—as long as short
Lighter RH PONS+0.0168%1h$406K$2.3M3xas long as short
Aevo PONS-PERP+0.0168%1h$368—3xas long as short
Bitget PONSUSDT+0.0174%4h$4.6M$11.3M20xas long as short
Nado PONS-PERP+0.0212%1h$112K$72K5xas long as short
Hyperliquid PONSshort+0.0238%1h$59.0M$29.0M3x
Pacifica PONS+0.0285%1h$49K$119K3xas long as short
Polymarket Perps PONS-USD+0.0318%1h$48K$1.8M3xas long as short
Extended PONS-USD+0.0344%1h$88K$543K5xas long as short
Binance PONSUSDT+0.0346%4h$38.5M$97.9M20xas long as short
MEXC PONS_USDT+0.0356%4h$7.2M$5.2M20xas long as short
BingX PONS-USDT+0.0374%4h—$3.2M—as long as short
edgeX PONSUSDClong+0.0395%4h$21K$291K10x
Lighter PONS+0.0568%1h$1.7M$853K3xas long as short
BloFin PONS-USDT+0.0596%4h$1.7M$971K20xas long as short
Phoenix PONS+0.1523%1h$24K$61K3xas long as short