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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against SoDEX+0.017%57s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2042.041% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.017%, 7d avg +0.003%
Together, before fees−0.033%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX PONS-USD0.59260.0100pay 0.0013% / 1h28m 17s$26K$519K3x
ShortPhemex PONSUSDT0.59270.0100get 0.0050% / 4h1h 28m$1.6M$3.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. 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: +0.017% → +0.003%
$1.35
Slippage, 4 orders
−$184.1
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$202.75
Costs to cover
2.041%
Break-even
never at this rate
Slippage from SoDEX: live order book, 35 min ago; Phemex: live order book, 5 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 SoDEX live order book, 35 min ago2.14 bp66.4 bp −$66doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 5 min ago4.19 bp40.5 bp −$41doesn'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
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.5919−0.119%$234K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+0.734%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5928+0.032%$411K$2.5M3xas long as short
Popdex PONSUSDT+0.0096%1h0.5923−0.051%$16K$429K20xas long as short
Gate PONS_USDT+0.0100%4h0.59260.000%$5.2M$6.3M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5955+0.493%$33K$352K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5932+0.108%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.5933+0.113%$1.3M10xas long as short
SoDEX PONS-USDlong+0.0100%1h0.5926long leg$26K$519K3x
HTX PONS-USDT+0.0100%4h0.5944+0.297%$63K$508K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDTshort+0.0100%4h0.5927+0.017%$1.6M$3.2M20x
Variational Omni PONS+0.0142%4h0.5942+0.266%$1.4M$3.9Mas long as short
Lighter PONS+0.0144%1h0.5928+0.032%$1.6M$875K3xas long as short
Nado PONS-PERP+0.0175%1h0.5922−0.067%$69K$129K5xas long as short
Aevo PONS-PERP+0.0200%1h0.5919−0.124%$3693xas long as short
OKX PONS-USDT-SWAP+0.0281%4h0.5925−0.017%$13.5M$53.7M20xas long as short
Aster PONSUSDT+0.0379%4h0.5922−0.069%$1.1M$2.1M20xas long as short
Bitget PONSUSDT+0.0394%4h0.5928+0.029%$4.6M$11.3M20xas long as short
KuCoin PONSUSDTM+0.0396%4h0.5924−0.039%$1.7M$3.7M20xas long as short
Binance PONSUSDT+0.0468%4h0.5927+0.009%$38.8M$93.9M20xas long as short
MEXC PONS_USDT+0.0470%4h0.59260.000%$7.5M$4.7M20xas long as short
Extended PONS-USD+0.0472%1h0.5926+0.003%$245K$670K5xas long as short
BingX PONS-USDT+0.0478%4h0.5928+0.034%$3.0Mas long as short
edgeX PONSUSDC+0.0491%4h0.5956+0.514%$18K$293K10xas long as short
Bybit PONSUSDT+0.0511%4h0.5924−0.034%$17.7M$30.4M20xas long as short
Hyperliquid PONS+0.0665%1h0.5924−0.033%$60.3M$27.8M3xas long as short
BloFin PONS-USDT+0.0711%4h0.5932+0.101%$1.7M$944K20xas long as short
Pacifica PONS+0.0755%1h0.5929+0.048%$47K$72K3xas long as short
Polymarket Perps PONS-USD+0.0807%1h0.5923−0.044%$48K$1.6M3xas long as short
Phoenix PONS+0.1639%1h0.5930+0.073%$31K$98K3xas long as short