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 20:00 UTC−0.0017%/8h
next payment, per $10,000−$0.08paid, last 24h−0.024%paid, last 3 days−0.475%to open and closeno order book
Long on MEXCShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PONS_USDT0.62400.0528pay 0.0264% / 4h3h 58m$7.8M$4.9M20x
ShortVariational Omni PONS0.62260.0511get 0.0256% / 4h3h 58m$1.7M$3.4M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$3.51
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$3.51
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.232%
Avg gap 7d
+0.023%
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 MEXC live order book, 1 min ago3.21 bp6.6 bp −$715.9 bp −$159383.8 bp −$38.4Kdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago4.01 bpdoesn't fit45.7 bp −$457doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PONS_USDT−0.2412%4h$5.6M$7.2M20xas long as short
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0031%1h$225K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$11K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$19K$453K20xas long as short
ApeX Omni PONSUSDT+0.0100%1h$39K$314K5xas 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$28K$463K3xas long as short
HTX PONS-USDT+0.0100%4h$66K$490K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.7M$3.3M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX PONS-USDT-SWAP+0.0137%4h$14.4M$54.9M20xas long as short
Aster PONSUSDT+0.0178%4h$1.1M$2.1M20xas long as short
Aevo PONS-PERP+0.0216%1h$389—3xas long as short
Bybit PONSUSDT+0.0259%4h$20.0M$27.2M20xas long as short
KuCoin PONSUSDTM+0.0286%4h$1.8M$3.1M20xas long as short
Nado PONS-PERP+0.0335%1h$113K$68K5xas long as short
Bitget PONSUSDT+0.0342%4h$4.8M$10.7M20xas long as short
Variational Omni PONSshort+0.0511%4h$1.7M$3.4M—
Binance PONSUSDT+0.0525%4h$41.5M$92.7M20xas long as short
Extended PONS-USD+0.0528%1h$93K$533K5xas long as short
MEXC PONS_USDTlong+0.0528%4h$7.8M$4.9M20x
edgeX PONSUSDC+0.0546%4h$21K$292K10xas long as short
BingX PONS-USDT+0.0586%4h—$3.0M—as long as short
Polymarket Perps PONS-USD+0.0611%1h$64K$1.8M3xas long as short
Pacifica PONS+0.0616%1h$50K$126K3xas long as short
Hyperliquid PONS+0.0756%1h$63.4M$26.7M3xas long as short
BloFin PONS-USDT+0.0769%4h$1.9M$922K20xas long as short
Lighter RH PONS+0.0864%1h$433K$2.2M3xas long as short
Phoenix PONS+0.1489%1h$25K$51K3xas long as short
Lighter PONS+0.1648%1h$1.8M$763K3xas long as short