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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.023%
Price spread now: Aster against Variational Omni−0.252%7-day average −0.007% · you buy dearer than you sell
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 4 days (all we have)−0.005%$0 on $10k
Price spread, last 7 days+0.159%+$16 · spread now −0.252%, 7d avg −0.007%
Together, before fees+0.154%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.244% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.252% now, against its 7-day average of −0.007%). If the spread goes back, that is −$24 on $10k: about 43 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PONS0.62920.0520pay 0.0260% / 4h40m 45s$1.5M$4.2M
ShortAster PONSUSDT0.62760.0539get 0.0269% / 4h40m 45s$1.2M$2.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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
$3.98
Price spread: −0.252% → −0.007%
−$24.43
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$28.46
Costs to cover
0.080%
Break-even
57.1 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aster: live order book, 3 min ago. 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 Variational Omni RFQ quote, 3 min ago4.85 bpdoesn't fit48.5 bp −$485doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago3.98 bp10.7 bp −$1150.7 bp −$507doesn'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 +0.0032% / S −0.0029%1h0.6276−0.265%$239K150xas long as short
Popdex PONSUSDT+0.0096%1h0.6299+0.107%$22K$454K20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6184−1.725%$30K$303K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6289−0.054%$2K$4K10xas long as short
SunX PONS-USDT+0.0100%4h0.6295+0.043%$1.2M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6293+0.008%$27K$628K3xas long as short
HTX PONS-USDT+0.0100%4h0.6298+0.094%$68K$536K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6285−0.116%$1.7M$3.2M20xas long as short
Nado PONS-PERP+0.0108%1h0.6291−0.020%$74K$130K5xas long as short
Aevo PONS-PERP+0.0232%1h0.6310+0.283%$3933xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PONS-USDT-SWAP+0.0427%4h0.6262−0.481%$14.3M$60.4M20xas long as short
Variational Omni PONSlong+0.0520%4h0.6292long leg$1.5M$4.2M
Aster PONSUSDTshort+0.0539%4h0.6276−0.252%$1.2M$2.3M20x
KuCoin PONSUSDTM+0.0568%4h0.6266−0.419%$1.6M$3.9M20xas long as short
Pacifica PONS+0.0572%1h0.6265−0.436%$48K$68K3xas long as short
edgeX PONSUSDC+0.0576%4h0.6276−0.252%$21K$289K10xas long as short
MEXC PONS_USDT+0.0606%4h0.6264−0.449%$8.1M$4.7M20xas long as short
Extended PONS-USD+0.0608%1h0.6276−0.259%$106K$818K5xas long as short
Binance PONSUSDT+0.0613%4h0.6264−0.446%$41.2M$102.8M20xas long as short
BingX PONS-USDT+0.0666%4h0.6264−0.449%$3.1Mas long as short
Bybit PONSUSDT+0.0697%4h0.6265−0.433%$19.0M$32.4M20xas long as short
Bitget PONSUSDT+0.0704%4h0.6264−0.441%$4.9M$12.7M20xas long as short
Lighter RH PONS+0.0808%1h0.6266−0.418%$443K$2.6M3xas long as short
BloFin PONS-USDT+0.0847%4h0.6305+0.202%$1.8M$1.0M20xas long as short
Hyperliquid PONS+0.0853%1h0.6266−0.424%$63.8M$30.3M3xas long as short
Gate PONS_USDT+0.0874%4h0.6259−0.529%$5.5M$6.4M20xas long as short
Lighter PONS+0.0952%1h0.6268−0.379%$1.7M$845K3xas long as short
Injective PONS/USDC PERP+0.1069%1h0.5938−5.622%$610$10K5.5xas long as short
Phoenix PONS+0.1405%1h0.6308+0.256%$48K$127K3xas long as short
Polymarket Perps PONS-USD+0.1434%1h0.6298+0.093%$91K$2.2M3xas long as short