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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.066%
Price spread now: Nado against HTX−0.333%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$455as in the Price arb table
costs, in and out, $10k−$4274.267% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.166%+$17 on $10k
Price spread, last 4 days (all we have)−0.276%−$28 · spread now −0.333%, 7d avg −0.053%
Together, before fees−0.110%+ Points / potential airdropNado: Active · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.280% cheaper against HTX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PONS-USDT0.62060.0100pay 0.0050% / 4h3h 30m$66K$527K20x
ShortNado PONS-PERP0.61850.0100get 0.0012% / 1h30m 43s$72K$130K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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
$0
Price spread: −0.333% → −0.053%
−$28
Slippage, 4 orders
−$414.71
Fee HTX: 6 bp × 2 orders
−$12
Fee Nado: 0 bp × 2 orders
$0
Net
−$454.71
Costs to cover
4.267%
Break-even
never at this rate
Slippage from HTX: live order book, 3 min ago; Nado: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 3 min ago32.92 bp140.9 bp −$141doesn't fitdoesn't fitdoesn't fit
Sell Nado live order book, 58 min ago14.91 bp54.3 bp −$54doesn't fitdoesn't fitdoesn't fit

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 +0.0032% / S −0.0030%1h0.6173−0.520%$241K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5938−4.306%$610$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6183−0.366%$23K$437K20xas long as short
Nado PONS-PERPshort+0.0100%1h0.6185−0.333%$72K$130K5x
ApeX Omni PONSUSDT+0.0100%1h0.6177−0.464%$31K$290K5xas long as short
Polymarket Perps PONS-USD+0.0100%1h0.6177−0.471%$72K$2.2M3xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6187−0.308%$2K$4K10xas long as short
SunX PONS-USDT+0.0100%4h0.6183−0.359%$1.2M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6194−0.184%$26K$626K3xas long as short
HTX PONS-USDTlong+0.0100%4h0.6206long leg$66K$527K20x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.6189−0.269%$1.7M$3.2M20xas long as short
Aevo PONS-PERP+0.0240%1h0.6180−0.415%$3853xas long as short
Hyperliquid PONS+0.0314%1h0.6209+0.053%$63.6M$30.7M3xas long as short
Lighter RH PONS+0.0344%1h0.6210+0.068%$420K$2.7M3xas long as short
OKX PONS-USDT-SWAP+0.0409%4h0.6211+0.085%$14.2M$61.0M20xas long as short
Aster PONSUSDT+0.0431%4h0.6202−0.059%$1.1M$2.3M20xas long as short
KuCoin PONSUSDTM+0.0478%4h0.6200−0.100%$1.6M$4.1M20xas long as short
Lighter PONS+0.0504%1h0.6211+0.085%$1.7M$868K3xas long as short
Variational Omni PONS+0.0560%4h0.6185−0.334%$1.6M$4.5Mas long as short
Binance PONSUSDT+0.0629%4h0.6208+0.037%$40.6M$104.3M20xas long as short
Extended PONS-USD+0.0632%1h0.6197−0.135%$104K$827K5xas long as short
MEXC PONS_USDT+0.0632%4h0.6201−0.076%$7.9M$4.7M20xas long as short
edgeX PONSUSDC+0.0647%4h0.6188−0.288%$20K$293K10xas long as short
Gate PONS_USDT+0.0680%4h0.6196−0.156%$5.4M$6.4M20xas long as short
Bitget PONSUSDT+0.0722%4h0.6213+0.126%$5.0M$13.2M20xas long as short
Pacifica PONS+0.0853%1h0.6185−0.329%$47K$77K3xas long as short
BloFin PONS-USDT+0.0869%4h0.6199−0.108%$1.8M$1.1M20xas long as short
BingX PONS-USDT+0.1006%4h0.6192−0.221%$3.2Mas long as short
Bybit PONSUSDT+0.1052%4h0.6205−0.011%$18.7M$33.2M20xas long as short
Phoenix PONS+0.1714%1h0.6192−0.221%$47K$159K3xas long as short