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

PONS

all PONS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Popdex−0.028%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$2972.965% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.028%, 7d avg −0.012%
Together, before fees+0.202%+$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex PONSUSDT0.61140.0096pay 0.0012% / 1h40m 09s$20K$444K20x
ShortSoDEX PONS-USD0.61120.0100get 0.0013% / 1h40m 09s$28K$546K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Popdex. 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
$0.84
Price spread: −0.028% → −0.012%
−$1.6
Slippage, 4 orders
−$282.11
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$297.27
Costs to cover
2.965%
Break-even
2484.3 days
Slippage from Popdex: live order book, 39 min ago; SoDEX: live order book, 38 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 Popdex live order book, 39 min ago10.77 bp85.9 bp −$86doesn't fitdoesn't fitdoesn't fit
Sell SoDEX live order book, 38 min ago1.67 bp59.1 bp −$59doesn'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
Injective PONS/USDC PERP−0.0047%1h0.5969−2.363%$614$10K5.5xas long as short
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0034%1h0.6103−0.181%$236K150xas long as short
Popdex PONSUSDTlong+0.0096%1h0.6114long leg$20K$444K20x
Nado PONS-PERP+0.0100%1h0.61140.000%$86K$107K5xas long as short
Bybit PONSUSDT+0.0100%4h0.6107−0.114%$18.4M$31.6M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.6108−0.098%$13.9M$57.9M20xas long as short
Variational Omni PONS+0.0100%4h0.6121+0.110%$1.4M$4.2Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6124+0.167%$33K$360K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6121+0.118%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6117+0.047%$1.4M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX PONS-USDshort+0.0100%1h0.6112−0.028%$28K$546K3x
HTX PONS-USDT+0.0100%4h0.6133+0.317%$65K$508K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6108−0.098%$1.7M$3.3M20xas long as short
Lighter RH PONS+0.0104%1h0.6113−0.008%$429K$2.6M3xas long as short
KuCoin PONSUSDTM+0.0130%4h0.6108−0.096%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0134%4h0.6112−0.034%$4.8M$11.7M20xas long as short
Aevo PONS-PERP+0.0152%1h0.6116+0.025%$3813xas long as short
Aster PONSUSDT+0.0180%4h0.6113−0.014%$1.1M$2.2M20xas long as short
Lighter PONS+0.0256%1h0.6114+0.002%$1.7M$921K3xas long as short
MEXC PONS_USDT+0.0292%4h0.6113−0.016%$8.1M$4.8M20xas long as short
BingX PONS-USDT+0.0296%4h0.6111−0.049%$3.1Mas long as short
Binance PONSUSDT+0.0301%4h0.6111−0.049%$39.9M$98.8M20xas long as short
Extended PONS-USD+0.0304%1h0.6112−0.026%$253K$682K5xas long as short
edgeX PONSUSDC+0.0306%4h0.6124+0.162%$21K$294K10xas long as short
BloFin PONS-USDT+0.0534%4h0.6124+0.164%$1.8M$1.0M20xas long as short
Polymarket Perps PONS-USD+0.0712%1h0.6113−0.013%$42K$1.7M3xas long as short
Pacifica PONS+0.0899%1h0.6111−0.046%$48K$96K3xas long as short
Hyperliquid PONS+0.0955%1h0.6112−0.036%$62.1M$30.8M3xas long as short
Phoenix PONS+0.1307%1h0.6125+0.177%$31K$102K3xas long as short
Gate PONS_USDT+0.2142%4h0.6110−0.065%$5.4M$6.3M20xas long as short