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

PONS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.029%
Price spread now: Aster against Aevo+0.088%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 fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.088% dearer against Aevo than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.59400.0128pay 0.0016% / 1h33m 50s$3703x
ShortAster PONSUSDT0.59450.0132get 0.0066% / 4h1h 33m$1.1M$2.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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
$0.76
Price spread: +0.088% → 0.000%
$8.77
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Aster: 4 bp × 2 orders
−$8
Net
−$14.47
Costs to cover
0.240%
Break-even
140.2 days
Slippage unknown: Aevo: no order-book sample; Aster: live order book, 5 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 Aevo no order-book sample
Sell Aster live order book, 5 min ago3.77 bp15.1 bp −$1541.0 bp −$410doesn't fitdoesn't fit
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
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0034%1h0.5935−0.074%$218K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+0.498%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5940+0.002%$17K$439K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5942+0.035%$17.8M$31.6M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5944+0.069%$13.5M$55.9M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5954+0.239%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0100%4h0.5952+0.202%$4.7M$11.6M20xas long as short
Variational Omni PONS+0.0100%4h0.5955+0.260%$1.4M$4.3Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5986+0.771%$35K$345K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5949+0.160%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.5941+0.015%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5946+0.109%$27K$548K3xas long as short
HTX PONS-USDT+0.0100%4h0.5955+0.246%$64K$506K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5942+0.035%$1.6M$3.3M20xas long as short
Aevo PONS-PERPlong+0.0128%1h0.5940long leg$3703x
Aster PONSUSDTshort+0.0132%4h0.5945+0.088%$1.1M$2.2M20x
Extended PONS-USD+0.0168%1h0.5946+0.105%$247K$667K5xas long as short
Binance PONSUSDT+0.0169%4h0.5945+0.086%$38.7M$97.7M20xas long as short
MEXC PONS_USDT+0.0174%4h0.5951+0.187%$7.7M$4.9M20xas long as short
BingX PONS-USDT+0.0188%4h0.5948+0.136%$3.1Mas long as short
edgeX PONSUSDC+0.0197%4h0.5961+0.351%$21K$293K10xas long as short
Nado PONS-PERP+0.0216%1h0.5940+0.002%$90K$103K5xas long as short
Lighter RH PONS+0.0352%1h0.5948+0.145%$418K$2.7M3xas long as short
BloFin PONS-USDT+0.0414%4h0.5948+0.136%$1.7M$977K20xas long as short
Pacifica PONS+0.0451%1h0.5947+0.125%$47K$96K3xas long as short
Polymarket Perps PONS-USD+0.0479%1h0.5938−0.039%$37K$1.7M3xas long as short
Hyperliquid PONS+0.0632%1h0.5950+0.178%$60.0M$30.0M3xas long as short
Lighter PONS+0.0760%1h0.5951+0.180%$1.7M$995K3xas long as short
Gate PONS_USDT+0.1310%4h0.5946+0.103%$5.2M$6.5M20xas long as short
Phoenix PONS+0.1398%1h0.5976+0.603%$30K$96K3xas long as short