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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h +0.051%
Price spread now: Variational Omni against Aevo+0.008%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: 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: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo PONS-PERP0.59220.0232pay 0.0029% / 1h1m 40s$3693x
ShortVariational Omni PONS0.59220.0479get 0.0239% / 4h3h 01m$1.3M$4.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$51.81
Price spread: +0.008% → 0.000%
$0.78
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$36.59
Costs to cover
0.160%
Break-even
2.1 days
Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago4.21 bpdoesn't fit36.2 bp −$362doesn'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%1h0.5914−0.130%$235K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+0.802%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5902−0.334%$416K$2.6M3xas long as short
Popdex PONSUSDT+0.0096%1h0.5925+0.051%$21K$417K20xas long as short
Nado PONS-PERP+0.0100%1h0.5924+0.034%$69K$130K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5922+0.003%$34K$337K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5929+0.115%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.5924+0.030%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5919−0.042%$26K$543K3xas long as short
HTX PONS-USDT+0.0100%4h0.5937+0.255%$64K$513K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.5917−0.084%$1.6M$3.2M20xas long as short
Gate PONS_USDT+0.0116%4h0.5907−0.253%$5.2M$6.3M20xas long as short
Aevo PONS-PERPlong+0.0232%1h0.5922long leg$3693x
OKX PONS-USDT-SWAP+0.0367%4h0.5908−0.236%$13.4M$54.5M20xas long as short
Lighter PONS+0.0448%1h0.5906−0.275%$1.6M$897K3xas long as short
Hyperliquid PONS+0.0458%1h0.5904−0.312%$59.9M$28.9M3xas long as short
Variational Omni PONSshort+0.0479%4h0.5922+0.008%$1.3M$4.1M
Aster PONSUSDT+0.0509%4h0.5910−0.195%$1.1M$2.2M20xas long as short
Bitget PONSUSDT+0.0544%4h0.5905−0.287%$4.6M$11.7M20xas long as short
MEXC PONS_USDT+0.0612%4h0.5906−0.270%$7.5M$4.8M20xas long as short
Binance PONSUSDT+0.0614%4h0.5907−0.252%$38.6M$94.6M20xas long as short
edgeX PONSUSDC+0.0615%4h0.5926+0.062%$18K$293K10xas long as short
Extended PONS-USD+0.0616%1h0.5905−0.280%$106K$807K5xas long as short
Polymarket Perps PONS-USD+0.0738%1h0.5924+0.032%$81K$1.7M3xas long as short
KuCoin PONSUSDTM+0.0752%4h0.5902−0.333%$1.6M$3.8M20xas long as short
BingX PONS-USDT+0.0782%4h0.5908−0.236%$3.0Mas long as short
Bybit PONSUSDT+0.0825%4h0.5905−0.287%$17.7M$30.9M20xas long as short
BloFin PONS-USDT+0.0855%4h0.5934+0.203%$1.7M$944K20xas long as short
Pacifica PONS+0.1081%1h0.5905−0.281%$46K$68K3xas long as short
Phoenix PONS+0.1586%1h0.5923+0.008%$45K$109K3xas long as short