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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.119%
Price spread now: Bitget against SunX−0.017%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs−$285as in the Price arb table
costs, in and out, $10k−$2842.845% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.391%+$39 on $10k
Price spread, last 3 days (all we have)−0.130%−$13 · spread now −0.017%, 7d avg −0.014%
Together, before fees+0.261%+$26 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PONS-USDT0.59440.0100pay 0.0050% / 4h1h 31m$1.4M10x
ShortBitget PONSUSDT0.59420.0100get 0.0050% / 4h1h 31m$4.7M$11.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$0
Price spread: −0.017% → −0.014%
−$0.32
Slippage, 4 orders
−$264.49
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$284.81
Costs to cover
2.845%
Break-even
never at this rate
Slippage from SunX: live order book, 3 min ago; Bitget: live order book, 2 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 SunX live order book, 3 min ago105.70 bp124.8 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago1.26 bp17.8 bp −$18doesn'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 −0.0034%1h0.5933−0.170%$218K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+0.437%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5941−0.042%$17K$438K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5936−0.126%$17.7M$31.6M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5940−0.059%$13.4M$55.9M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5940−0.057%$1.8M$3.7M20xas long as short
Bitget PONSUSDTshort+0.0100%4h0.5942−0.017%$4.7M$11.6M20x
Variational Omni PONS+0.0100%4h0.5955+0.199%$1.4M$4.3Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5946+0.042%$34K$346K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5945+0.024%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDTlong+0.0100%4h0.5944long leg$1.4M10x
SoDEX PONS-USD+0.0100%1h0.5938−0.089%$27K$548K3xas long as short
HTX PONS-USDT+0.0100%4h0.5947+0.062%$64K$506K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5941−0.042%$1.6M$3.3M20xas long as short
Aevo PONS-PERP+0.0120%1h0.5919−0.405%$3693xas long as short
Aster PONSUSDT+0.0123%4h0.5935−0.140%$1.1M$2.2M20xas long as short
Binance PONSUSDT+0.0165%4h0.5939−0.068%$38.6M$97.7M20xas long as short
Extended PONS-USD+0.0168%1h0.5940−0.063%$247K$667K5xas long as short
MEXC PONS_USDT+0.0168%4h0.5940−0.059%$7.7M$4.9M20xas long as short
edgeX PONSUSDC+0.0179%4h0.5947+0.058%$21K$293K10xas long as short
BingX PONS-USDT+0.0188%4h0.5937−0.109%$3.1Mas long as short
Nado PONS-PERP+0.0221%1h0.5941−0.042%$90K$103K5xas long as short
Lighter RH PONS+0.0312%1h0.5941−0.044%$414K$2.7M3xas long as short
BloFin PONS-USDT+0.0409%4h0.5939−0.076%$1.7M$974K20xas long as short
Pacifica PONS+0.0451%1h0.5940−0.063%$47K$96K3xas long as short
Polymarket Perps PONS-USD+0.0469%1h0.5939−0.072%$37K$1.7M3xas long as short
Hyperliquid PONS+0.0641%1h0.5944+0.005%$60.0M$30.0M3xas long as short
Lighter PONS+0.0736%1h0.5941−0.035%$1.7M$995K3xas long as short
Gate PONS_USDT+0.1248%4h0.5933−0.177%$5.2M$6.5M20xas long as short
Phoenix PONS+0.1398%1h0.5976+0.542%$30K$96K3xas long as short