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 16:00 UTC+0.0667%/8h
paid, last 24h+0.130%paid, last 3 days+0.471%to open and close $10k−$226
Long on PopdexShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex PONSUSDT0.63680.0096pay 0.0012% / 1h46m 27s$20K$470K20x
ShortBybit PONSUSDT0.63630.0763get 0.0381% / 4h46m 27s$20.6M$26.9M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$140.07
Slippage, 4 orders
−$209.01
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$86.34
Break-even
11.3 days
Slippage from Popdex: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.079%
Avg gap 7d
−0.027%
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 Popdex live order book, 4 min ago3.71 bp113.6 bp −$114doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.79 bp15.9 bp −$1637.8 bp −$378doesn'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 −0.0031%1h$227K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$15K5.5xas long as short
Popdex PONSUSDTlong+0.0096%1h$20K$470K20x
Gate PONS_USDT+0.0100%4h$5.7M$6.9M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h$40K$317K5xas 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$28K$479K3xas long as short
HTX PONS-USDT+0.0100%4h$66K$494K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.8M$3.3M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX PONS-USDT-SWAP+0.0177%4h$15.0M$56.1M20xas long as short
Aevo PONS-PERP+0.0232%1h$393—3xas long as short
Aster PONSUSDT+0.0386%4h$1.1M$2.2M20xas long as short
Lighter RH PONS+0.0416%1h$438K$2.2M3xas long as short
Pacifica PONS+0.0472%1h$48K$166K3xas long as short
KuCoin PONSUSDTM+0.0510%4h$1.8M$3.0M20xas long as short
Bitget PONSUSDT+0.0550%4h$5.0M$10.7M20xas long as short
Variational Omni PONS+0.0598%4h$1.9M$3.4M—as long as short
Binance PONSUSDT+0.0602%4h$42.7M$93.4M20xas long as short
MEXC PONS_USDT+0.0604%4h$8.3M$4.9M20xas long as short
Extended PONS-USD+0.0608%1h$95K$537K5xas long as short
Polymarket Perps PONS-USD+0.0631%1h$76K$1.8M3xas long as short
edgeX PONSUSDC+0.0634%4h$21K$290K10xas long as short
Nado PONS-PERP+0.0679%1h$117K$66K5xas long as short
BingX PONS-USDT+0.0716%4h—$2.9M—as long as short
Bybit PONSUSDTshort+0.0763%4h$20.6M$26.9M20x
BloFin PONS-USDT+0.0846%4h$1.9M$923K20xas long as short
Lighter PONS+0.1096%1h$1.8M$712K3xas long as short
Hyperliquid PONS+0.1159%1h$65.0M$26.1M3xas long as short
Phoenix PONS+0.1489%1h$26K$51K3xas long as short