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−0.0028%/8h= −3.1% APRpaid last 24h +0.094%
Price spread now: Bitget against Aevo−0.004%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.61390.0144pay 0.0018% / 1h52m 20s$3823x
ShortBitget PONSUSDT0.61390.0116get 0.0058% / 4h52m 20s$4.8M$11.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$5.88
Price spread: −0.004% → 0.000%
−$0.41
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$34.29
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago2.03 bp23.0 bp −$23doesn't fitdoesn'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
Injective PONS/USDC PERP−0.0047%1h0.5969−2.765%$614$10K5.5xas long as short
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0036%1h0.6130−0.152%$231K150xas long as short
Popdex PONSUSDT+0.0096%1h0.6150+0.175%$19K$455K20xas long as short
Nado PONS-PERP+0.0100%1h0.6155+0.257%$87K$107K5xas long as short
Bybit PONSUSDT+0.0100%4h0.6134−0.086%$18.5M$31.9M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.6132−0.118%$13.9M$58.5M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.6148+0.146%$1.8M$3.7M20xas long as short
Variational Omni PONS+0.0100%4h0.6082−0.930%$1.4M$4.3Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6091−0.786%$33K$360K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6146+0.102%$3K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.6149+0.167%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6135−0.068%$28K$548K3xas long as short
HTX PONS-USDT+0.0100%4h0.6154+0.235%$65K$509K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6147+0.126%$1.7M$3.3M20xas long as short
Bitget PONSUSDTshort+0.0116%4h0.6139−0.004%$4.8M$11.7M20x
Aevo PONS-PERPlong+0.0144%1h0.6139long leg$3823x
Aster PONSUSDT+0.0203%4h0.6150+0.175%$1.1M$2.2M20xas long as short
BingX PONS-USDT+0.0252%4h0.6140+0.012%$3.1Mas long as short
edgeX PONSUSDC+0.0252%4h0.6109−0.487%$21K$292K10xas long as short
MEXC PONS_USDT+0.0272%4h0.6149+0.159%$8.2M$4.8M20xas long as short
Binance PONSUSDT+0.0295%4h0.6145+0.094%$40.0M$99.3M20xas long as short
Extended PONS-USD+0.0296%1h0.6139−0.006%$254K$682K5xas long as short
Lighter PONS+0.0376%1h0.6151+0.200%$1.7M$921K3xas long as short
BloFin PONS-USDT+0.0514%4h0.6157+0.289%$1.8M$1.0M20xas long as short
Lighter RH PONS+0.0600%1h0.6152+0.206%$433K$2.6M3xas long as short
Polymarket Perps PONS-USD+0.0798%1h0.6151+0.188%$42K$1.7M3xas long as short
Pacifica PONS+0.0899%1h0.6149+0.166%$48K$96K3xas long as short
Hyperliquid PONS+0.1142%1h0.6149+0.152%$62.6M$30.6M3xas long as short
Phoenix PONS+0.1307%1h0.6117−0.362%$31K$102K3xas long as short
Gate PONS_USDT+0.1914%4h0.6141+0.029%$5.4M$6.2M20xas long as short