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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.025%
Price spread now: Aevo against SunX+0.155%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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.155% dearer against SunX than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PONS-USDT0.61210.0100pay 0.0050% / 4h27m 04s$1.4M10x
ShortAevo PONS-PERP0.61300.0160get 0.0020% / 1h27m 04s$3823x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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
$12.6
Price spread: +0.155% → 0.000%
$15.54
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
$4.14
Costs to cover
0.240%
Break-even
4.7 days
Slippage unknown: SunX: live order book, 7 min ago; Aevo: no order-book sample. 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 SunX live order book, 7 min ago105.53 bp124.1 bp −$124doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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
Injective PONS/USDC PERP−0.0047%1h0.5969−2.470%$614$10K5.5xas long as short
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.6126+0.085%$242K150xas long as short
Lighter RH PONS+0.0096%1h0.6136+0.250%$430K$2.6M3xas long as short
Popdex PONSUSDT+0.0096%1h0.6123+0.038%$20K$438K20xas long as short
Nado PONS-PERP+0.0100%1h0.6129+0.136%$88K$107K5xas long as short
Bybit PONSUSDT+0.0100%4h0.6134+0.217%$18.5M$31.6M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.6138+0.283%$14.0M$58.3M20xas long as short
Variational Omni PONS+0.0100%4h0.6124+0.059%$1.4M$4.2Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6144+0.379%$34K$359K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6134+0.222%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDTlong+0.0100%4h0.6121long leg$1.4M10x
SoDEX PONS-USD+0.0100%1h0.6135+0.240%$28K$546K3xas long as short
HTX PONS-USDT+0.0100%4h0.6131+0.175%$65K$509K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6140+0.315%$1.7M$3.3M20xas long as short
KuCoin PONSUSDTM+0.0116%4h0.6135+0.232%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0146%4h0.6140+0.320%$4.8M$11.7M20xas long as short
Aevo PONS-PERPshort+0.0160%1h0.6130+0.155%$3823x
Aster PONSUSDT+0.0164%4h0.6124+0.047%$1.1M$2.2M20xas long as short
Lighter PONS+0.0296%1h0.6137+0.266%$1.7M$923K3xas long as short
Extended PONS-USD+0.0304%1h0.6139+0.296%$253K$682K5xas long as short
MEXC PONS_USDT+0.0304%4h0.6137+0.266%$8.1M$4.9M20xas long as short
Binance PONSUSDT+0.0306%4h0.6142+0.342%$40.2M$98.7M20xas long as short
BingX PONS-USDT+0.0308%4h0.6136+0.250%$3.0Mas long as short
edgeX PONSUSDC+0.0308%4h0.6133+0.199%$21K$292K10xas long as short
BloFin PONS-USDT+0.0546%4h0.6140+0.315%$1.8M$1.0M20xas long as short
Polymarket Perps PONS-USD+0.0666%1h0.6134+0.221%$42K$1.7M3xas long as short
Hyperliquid PONS+0.0882%1h0.6140+0.317%$62.4M$30.5M3xas long as short
Pacifica PONS+0.0899%1h0.6110−0.180%$48K$96K3xas long as short
Phoenix PONS+0.1307%1h0.6125+0.074%$31K$102K3xas long as short
Gate PONS_USDT+0.2348%4h0.6129+0.136%$5.4M$6.3M20xas long as short