data as of
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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 15:00 UTC−0.0473%/8h
paid, last 24h−0.117%paid, last 3 days−0.481%to open and closeno order book
Long on HyperliquidShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PONS0.64110.1022pay 0.0128% / 1h6m 54s$65.3M$25.9M3x
ShortVariational Omni PONS0.63630.0549get 0.0274% / 4h1h 06m$1.9M$3.4M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$99.43
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$108.43
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.753%
Avg gap 7d
−0.066%
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 Hyperliquid live order book, 8 min ago1.02 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago3.93 bpdoesn't fit41.6 bp −$416doesn'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$229K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$15K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$20K$471K20xas long as short
ApeX Omni PONSUSDT+0.0100%1h$40K$316K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$2K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h$29K$479K3xas long as short
HTX PONS-USDT+0.0100%4h$67K$494K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.8M$3.4M20xas long as short
OKX PONS-USDT-SWAP+0.0195%4h$15.2M$57.6M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aevo PONS-PERP+0.0240%1h$399—3xas long as short
Aster PONSUSDT+0.0395%4h$1.1M$2.2M20xas long as short
Lighter RH PONS+0.0408%1h$443K$2.2M3xas long as short
Nado PONS-PERP+0.0506%1h$118K$71K5xas long as short
Gate PONS_USDT+0.0520%4h$5.7M$7.3M20xas long as short
Variational Omni PONSshort+0.0549%4h$1.9M$3.4M—
Polymarket Perps PONS-USD+0.0555%1h$80K$1.8M3xas long as short
KuCoin PONSUSDTM+0.0578%4h$1.9M$2.8M20xas long as short
Bitget PONSUSDT+0.0618%4h$5.0M$10.6M20xas long as short
MEXC PONS_USDT+0.0640%4h$8.3M$5.0M20xas long as short
Binance PONSUSDT+0.0645%4h$43.2M$93.4M20xas long as short
Extended PONS-USD+0.0648%1h$162K$473K5xas long as short
BingX PONS-USDT+0.0652%4h—$2.9M—as long as short
edgeX PONSUSDC+0.0658%4h$22K$288K10xas long as short
Bybit PONSUSDT+0.0693%4h$20.8M$26.8M20xas long as short
Pacifica PONS+0.0858%1h$49K$166K3xas long as short
BloFin PONS-USDT+0.0885%4h$1.9M$922K20xas long as short
Lighter PONS+0.0944%1h$1.8M$735K3xas long as short
Hyperliquid PONSlong+0.1022%1h$65.3M$25.9M3x
Phoenix PONS+0.1767%1h$26K$45K3xas long as short