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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0685%/8h= +75.0% APRnext payment +$0.86 per $10,000 · paid last 24h +0.069%
Price spread now: Pacifica against Aevo+0.073%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 airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Pacifica is 0.073% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.60670.0184pay 0.0023% / 1h23m 56s$3783x
ShortPacifica PONS0.60710.0869get 0.0109% / 1h23m 56s$48K$75K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$143.89
Price spread: +0.073% → 0.000%
$7.25
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$127.14
Costs to cover
0.240%
Break-even
0.8 days
Slippage unknown: Aevo: no order-book sample; Pacifica: no order-book sample. 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 Pacifica no order-book sample
Aevo and Pacifica: 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 29 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 −0.0033%1h0.6057−0.157%$240K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−1.607%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6065−0.033%$20K$422K20xas long as short
Variational Omni PONS+0.0100%4h0.6026−0.684%$1.4M$4.0Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6017−0.818%$33K$353K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6066−0.010%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6063−0.063%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6066−0.023%$26K$518K3xas long as short
HTX PONS-USDT+0.0100%4h0.6080+0.218%$65K$509K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6063−0.066%$1.7M$3.2M20xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PONS-PERPlong+0.0184%1h0.6067long leg$3783x
Lighter RH PONS+0.0192%1h0.6064−0.049%$427K$2.5M3xas long as short
KuCoin PONSUSDTM+0.0218%4h0.6063−0.064%$1.7M$3.6M20xas long as short
Nado PONS-PERP+0.0222%1h0.6066−0.016%$71K$131K5xas long as short
OKX PONS-USDT-SWAP+0.0242%4h0.6062−0.082%$13.9M$55.2M20xas long as short
Bybit PONSUSDT+0.0242%4h0.6060−0.115%$18.2M$30.5M20xas long as short
Lighter PONS+0.0256%1h0.6065−0.033%$1.7M$884K3xas long as short
Bitget PONSUSDT+0.0308%4h0.6064−0.045%$4.7M$11.3M20xas long as short
Aster PONSUSDT+0.0374%4h0.6063−0.061%$1.1M$2.0M20xas long as short
BingX PONS-USDT+0.0388%4h0.6066−0.016%$3.0Mas long as short
MEXC PONS_USDT+0.0402%4h0.6066−0.016%$7.8M$4.7M20xas long as short
Extended PONS-USD+0.0408%1h0.6064−0.042%$250K$672K5xas long as short
Binance PONSUSDT+0.0408%4h0.6065−0.034%$39.8M$94.8M20xas long as short
edgeX PONSUSDC+0.0416%4h0.6024−0.712%$21K$291K10xas long as short
Gate PONS_USDT+0.0490%4h0.6050−0.280%$5.3M$6.1M20xas long as short
Hyperliquid PONS+0.0681%1h0.6066−0.025%$61.8M$28.0M3xas long as short
Polymarket Perps PONS-USD+0.0746%1h0.6065−0.036%$46K$1.5M3xas long as short
Pacifica PONSshort+0.0869%1h0.6071+0.073%$48K$75K3x
Phoenix PONS+0.1695%1h0.6031−0.585%$31K$107K3xas long as short