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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.064%
Price spread now: Extended against Aevo−0.018%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 fees+ Points / potential airdropExtended: Active · farm boardneeds 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: +$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.59290.0216pay 0.0027% / 1h42m 10s$3693x
ShortExtended PONS-USD0.59270.0536get 0.0067% / 1h42m 10s$106K$808K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$67.2
Price spread: −0.018% → 0.000%
−$1.79
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$44.41
Costs to cover
0.210%
Break-even
2.4 days
Slippage unknown: Aevo: no order-book sample; Extended: live order book, 16 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 Extended live order book, 16 min ago13.20 bp27.6 bp −$28188.7 bp −$1,887doesn'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 −0.0032%1h0.5917−0.203%$235K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+0.691%$614$10K5.5xas long as short
Lighter PONS+0.0096%1h0.5929+0.005%$1.6M$883K3xas long as short
Popdex PONSUSDT+0.0096%1h0.5932+0.059%$20K$434K20xas long as short
Gate PONS_USDT+0.0100%4h0.5926−0.043%$5.2M$6.2M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5914−0.253%$34K$351K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5933+0.081%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.5923−0.090%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5927−0.017%$26K$524K3xas long as short
HTX PONS-USDT+0.0100%4h0.5940+0.187%$64K$512K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.5929+0.008%$1.6M$3.2M20xas long as short
Lighter RH PONS+0.0144%1h0.5929+0.006%$406K$2.5M3xas long as short
Nado PONS-PERP+0.0174%1h0.5929+0.008%$69K$129K5xas long as short
Variational Omni PONS+0.0196%4h0.5907−0.365%$1.4M$3.9Mas long as short
Aevo PONS-PERPlong+0.0216%1h0.5929long leg$3693x
OKX PONS-USDT-SWAP+0.0308%4h0.5927−0.026%$13.5M$54.1M20xas long as short
Aster PONSUSDT+0.0387%4h0.5925−0.055%$1.1M$2.1M20xas long as short
Bitget PONSUSDT+0.0438%4h0.5928−0.005%$4.6M$11.5M20xas long as short
Bybit PONSUSDT+0.0453%4h0.5929+0.008%$17.7M$30.7M20xas long as short
BingX PONS-USDT+0.0498%4h0.5934+0.092%$3.0Mas long as short
MEXC PONS_USDT+0.0522%4h0.5931+0.042%$7.5M$4.7M20xas long as short
edgeX PONSUSDC+0.0527%4h0.5904−0.406%$18K$294K10xas long as short
Binance PONSUSDT+0.0532%4h0.5933+0.068%$39.0M$94.8M20xas long as short
Extended PONS-USDshort+0.0536%1h0.5927−0.018%$106K$808K5x
KuCoin PONSUSDTM+0.0574%4h0.5930+0.022%$1.6M$3.7M20xas long as short
Hyperliquid PONS+0.0707%1h0.5931+0.042%$60.4M$27.8M3xas long as short
BloFin PONS-USDT+0.0763%4h0.5934+0.092%$1.7M$952K20xas long as short
Pacifica PONS+0.0859%1h0.5923−0.090%$47K$67K3xas long as short
Polymarket Perps PONS-USD+0.0906%1h0.5933+0.069%$65K$1.6M3xas long as short
Phoenix PONS+0.1736%1h0.5911−0.299%$31K$104K3xas long as short