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+0.0307%/8h= +33.7% APRnext payment +$1.54 per $10,000 · paid last 24h +0.083%
Price spread now: BloFin against Variational Omni−0.253%7-day average +0.046% · 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 3 days (all we have)+0.390%+$39 on $10k
Price spread, last 3 days (all we have)+0.624%+$62 · spread now −0.253%, 7d avg +0.046%
Together, before fees+1.013%+ Points / potential airdropVariational Omni: Active · farm board+$101 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.299% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.253% now, against its 7-day average of +0.046%). If the spread goes back, that is −$30 on $10k: about 3.2 days of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PONS0.58750.0100pay 0.0050% / 4h2h 06m$1.3M$4.3M
ShortBloFin PONS-USDT0.58600.0407get 0.0204% / 4h2h 06m$1.7M$959K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$64.54
Price spread: −0.253% → +0.046%
−$29.92
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$22.62
Costs to cover
0.120%
Break-even
4.5 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BloFin: live order book, 11 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 ago5.95 bpdoesn't fit34.8 bp −$348doesn't fitdoesn't fit
Sell BloFin live order book, 11 min ago3.38 bp18.6 bp −$1940.2 bp −$402127.8 bp −$12.8Kdoesn'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 −0.0034%1h0.5862−0.215%$215K150xas long as short
Injective PONS/USDC PERP+0.0066%1h0.5920+0.762%$609$6K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5858−0.287%$21K$442K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5858−0.287%$17.5M$31.9M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5857−0.304%$13.3M$55.7M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5859−0.272%$1.7M$3.7M20xas long as short
Bitget PONSUSDT+0.0100%4h0.5855−0.341%$4.6M$11.7M20xas long as short
Variational Omni PONSlong+0.0100%4h0.5875long leg$1.3M$4.3M
ApeX Omni PONSUSDT+0.0100%1h0.5887+0.212%$34K$338K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5867−0.137%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.5870−0.088%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5860−0.244%$27K$548K3xas long as short
HTX PONS-USDT+0.0100%4h0.5877+0.037%$63K$505K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5859−0.270%$1.6M$3.3M20xas long as short
Aevo PONS-PERP+0.0120%1h0.5861−0.227%$3653xas long as short
Nado PONS-PERP+0.0124%1h0.5868−0.117%$89K$103K5xas long as short
Aster PONSUSDT+0.0149%4h0.5854−0.347%$1.1M$2.2M20xas long as short
MEXC PONS_USDT+0.0166%4h0.5860−0.253%$7.5M$5.2M20xas long as short
Binance PONSUSDT+0.0167%4h0.5859−0.274%$38.1M$98.3M20xas long as short
Extended PONS-USD+0.0168%1h0.5859−0.265%$105K$533K5xas long as short
edgeX PONSUSDC+0.0173%4h0.5886+0.197%$21K$292K10xas long as short
BingX PONS-USDT+0.0180%4h0.5855−0.338%$3.1Mas long as short
Polymarket Perps PONS-USD+0.0368%1h0.5864−0.178%$37K$1.8M3xas long as short
BloFin PONS-USDTshort+0.0407%4h0.5860−0.253%$1.7M$959K20x
Pacifica PONS+0.0474%1h0.5858−0.279%$47K$103K3xas long as short
Lighter RH PONS+0.0488%1h0.5860−0.255%$415K$2.6M3xas long as short
Hyperliquid PONS+0.0513%1h0.5863−0.197%$58.8M$30.0M3xas long as short
Gate PONS_USDT+0.0712%4h0.5858−0.287%$5.1M$6.8M20xas long as short
Lighter PONS+0.0952%1h0.5864−0.181%$1.7M$900K3xas long as short
Phoenix PONS+0.1275%1h0.5886+0.197%$30K$86K3xas long as short