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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Orderly+0.243%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.243% dearer against Orderly than usual: you sell high and buy low, +$24 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_PONS_USDC_mythos0.61720.0100pay 0.0050% / 4h12m 38s$2K$4K10x
ShortApeX Omni PONSUSDT0.61870.0100get 0.0013% / 1h12m 38s$31K$299K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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: +0.243% → 0.000%
$24.3
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$8.3
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 25 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell ApeX Omni live order book, 25 min ago36.65 bp75.4 bp −$75148.9 bp −$1,489doesn't fitdoesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0029%1h0.6153−0.315%$234K150xas long as short
Popdex PONSUSDT+0.0096%1h0.6166−0.100%$22K$455K20xas long as short
Nado PONS-PERP+0.0100%1h0.6163−0.142%$72K$130K5xas long as short
ApeX Omni PONSUSDTshort+0.0100%1h0.6187+0.243%$31K$299K5x
Orderly PERP_PONS_USDC_mythoslong+0.0100%4h0.6172long leg$2K$4K10x
SunX PONS-USDT+0.0100%4h0.6160−0.191%$1.2M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6164−0.139%$26K$639K3xas long as short
HTX PONS-USDT+0.0100%4h0.6163−0.147%$66K$536K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6162−0.165%$1.7M$3.2M20xas long as short
Aevo PONS-PERP+0.0232%1h0.6167−0.087%$3843xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PONS-USDT-SWAP+0.0412%4h0.6152−0.327%$14.0M$60.6M20xas long as short
Gate PONS_USDT+0.0446%4h0.6156−0.262%$5.5M$6.6M20xas long as short
Aster PONSUSDT+0.0475%4h0.6161−0.183%$1.1M$2.4M20xas long as short
Variational Omni PONS+0.0505%4h0.6176+0.062%$1.5M$4.2Mas long as short
KuCoin PONSUSDTM+0.0526%4h0.6158−0.230%$1.6M$4.0M20xas long as short
Lighter PONS+0.0528%1h0.6161−0.183%$1.7M$858K3xas long as short
Lighter RH PONS+0.0552%1h0.6161−0.183%$416K$2.7M3xas long as short
Pacifica PONS+0.0572%1h0.6158−0.234%$46K$77K3xas long as short
Hyperliquid PONS+0.0598%1h0.6158−0.235%$62.8M$30.5M3xas long as short
Binance PONSUSDT+0.0603%4h0.6155−0.281%$40.0M$105.2M20xas long as short
MEXC PONS_USDT+0.0604%4h0.6159−0.214%$7.8M$4.8M20xas long as short
edgeX PONSUSDC+0.0608%4h0.6187+0.237%$20K$292K10xas long as short
Extended PONS-USD+0.0608%1h0.6153−0.306%$103K$827K5xas long as short
BingX PONS-USDT+0.0666%4h0.6154−0.295%$3.2Mas long as short
Bybit PONSUSDT+0.0680%4h0.6151−0.343%$18.4M$33.0M20xas long as short
Bitget PONSUSDT+0.0702%4h0.6157−0.243%$4.9M$13.0M20xas long as short
BloFin PONS-USDT+0.0845%4h0.6159−0.214%$1.8M$1.1M20xas long as short
Polymarket Perps PONS-USD+0.1017%1h0.6165−0.112%$73K$2.3M3xas long as short
Injective PONS/USDC PERP+0.1069%1h0.5938−3.786%$610$10K5.5xas long as short
Phoenix PONS+0.1405%1h0.6159−0.219%$47K$127K3xas long as short