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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0475%/8h= −52.1% APRpaid last 24h −0.099%
Price spread now: Popdex against Binance+0.034%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2402.397% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.337%−$34 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.034%, 7d avg +0.008%
Together, before fees−0.346%−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Popdex is 0.025% dearer against Binance than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.008%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PONSUSDT0.59040.0571pay 0.0286% / 4h1h 55m$37.1M$98.6M20x
ShortPopdex PONSUSDT0.59060.0096get 0.0012% / 1h55m 23s$21K$421K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Binance. 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
−$99.84
Price spread: +0.034% → +0.008%
$2.54
Slippage, 4 orders
−$223.26
Fee Binance: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$336.96
Costs to cover
2.397%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; Popdex: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago1.69 bp14.1 bp −$1441.1 bp −$411doesn't fitdoesn't fit
Sell Popdex live order book, 53 min ago7.57 bp127.6 bp −$128doesn't fitdoesn't fitdoesn't fit

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%1h0.5891−0.217%$234K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+1.109%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5910+0.100%$407K$2.5M3xas long as short
Popdex PONSUSDTshort+0.0096%1h0.5906+0.034%$21K$421K20x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5911+0.113%$2K$3K10xas long as short
Nado PONS-PERP+0.0100%1h0.5909+0.089%$69K$131K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5896−0.141%$29K$329K5xas long as short
SunX PONS-USDT+0.0100%4h0.5904+0.002%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5898−0.105%$25K$589K3xas long as short
HTX PONS-USDT+0.0100%4h0.5913+0.156%$64K$524K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.5900−0.068%$1.6M$3.2M20xas long as short
Aevo PONS-PERP+0.0224%1h0.5897−0.120%$3673xas long as short
Gate PONS_USDT+0.0272%4h0.5903−0.017%$5.2M$6.3M20xas long as short
Hyperliquid PONS+0.0333%1h0.5907+0.054%$60.0M$29.6M3xas long as short
OKX PONS-USDT-SWAP+0.0425%4h0.5903−0.017%$13.4M$55.6M20xas long as short
Polymarket Perps PONS-USD+0.0439%1h0.5906+0.029%$91K$1.9M3xas long as short
Aster PONSUSDT+0.0469%4h0.5904+0.007%$1.1M$2.2M20xas long as short
Pacifica PONS+0.0556%1h0.5912+0.137%$45K$69K3xas long as short
Binance PONSUSDTlong+0.0571%4h0.5904long leg$37.1M$98.6M20x
Extended PONS-USD+0.0576%1h0.5911+0.127%$101K$811K5xas long as short
MEXC PONS_USDT+0.0578%4h0.5907+0.051%$7.5M$4.7M20xas long as short
edgeX PONSUSDC+0.0599%4h0.5920+0.267%$20K$293K10xas long as short
Bitget PONSUSDT+0.0654%4h0.5908+0.064%$4.7M$12.2M20xas long as short
Variational Omni PONS+0.0661%4h0.5894−0.170%$1.4M$4.1Mas long as short
KuCoin PONSUSDTM+0.0684%4h0.5906+0.037%$1.6M$3.8M20xas long as short
BloFin PONS-USDT+0.0822%4h0.5905+0.017%$1.7M$956K20xas long as short
BingX PONS-USDT+0.0882%4h0.5902−0.034%$3.0Mas long as short
Bybit PONSUSDT+0.0915%4h0.5902−0.034%$17.6M$31.5M20xas long as short
Lighter PONS+0.0952%1h0.5913+0.158%$1.6M$822K3xas long as short
Phoenix PONS+0.1719%1h0.5906+0.034%$45K$127K3xas long as short