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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h −0.099%
Price spread now: Popdex against Binance+0.033%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1611.606% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.299%−$30 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.033%, 7d avg +0.006%
Together, before fees−0.308%−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Popdex is 0.027% dearer against Binance than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of +0.006%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PONSUSDT0.60490.0302pay 0.0151% / 4h3h 55m$39.6M$97.9M20x
ShortPopdex PONSUSDT0.60510.0096get 0.0012% / 1h55m 06s$20K$417K20x

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
−$43.21
Price spread: +0.033% → +0.006%
$2.71
Slippage, 4 orders
−$144.2
Fee Binance: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$201.11
Costs to cover
1.606%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; Popdex: live order book, 19 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, 3 min ago0.82 bp14.0 bp −$1441.0 bp −$410doesn't fitdoesn't fit
Sell Popdex live order book, 19 min ago3.69 bp70.4 bp −$70doesn'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
Gate PONS_USDT−0.1104%4h0.6037−0.198%$5.3M$6.1M20xas long as short
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.6041−0.133%$239K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−1.314%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.6046−0.050%$423K$2.5M3xas long as short
Popdex PONSUSDTshort+0.0096%1h0.6051+0.033%$20K$417K20x
OKX PONS-USDT-SWAP+0.0100%4h0.6046−0.050%$13.7M$57.2M20xas long as short
Variational Omni PONS+0.0100%4h0.6066+0.276%$1.4M$4.2Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6071+0.365%$33K$357K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6052+0.048%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6054+0.074%$1.4M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX PONS-USD+0.0100%1h0.6046−0.058%$27K$548K3xas long as short
HTX PONS-USDT+0.0100%4h0.6058+0.149%$65K$510K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6054+0.083%$1.7M$3.3M20xas long as short
KuCoin PONSUSDTM+0.0150%4h0.6046−0.048%$1.7M$3.8M20xas long as short
Aevo PONS-PERP+0.0160%1h0.6053+0.061%$3773xas long as short
Aster PONSUSDT+0.0160%4h0.6046−0.045%$1.1M$2.2M20xas long as short
Bitget PONSUSDT+0.0186%4h0.6049+0.005%$4.7M$11.7M20xas long as short
Lighter PONS+0.0200%1h0.6047−0.033%$1.7M$894K3xas long as short
Binance PONSUSDTlong+0.0302%4h0.6049long leg$39.6M$97.9M20x
MEXC PONS_USDT+0.0302%4h0.6048−0.017%$7.9M$4.8M20xas long as short
Extended PONS-USD+0.0304%1h0.6045−0.068%$250K$679K5xas long as short
edgeX PONSUSDC+0.0317%4h0.6066+0.284%$21K$292K10xas long as short
Nado PONS-PERP+0.0410%1h0.6056+0.116%$105K$116K5xas long as short
BloFin PONS-USDT+0.0542%4h0.6051+0.033%$1.7M$1.0M20xas long as short
Pacifica PONS+0.0665%1h0.6054+0.079%$48K$96K3xas long as short
Bybit PONSUSDT+0.0721%4h0.6045−0.066%$18.2M$31.3M20xas long as short
Polymarket Perps PONS-USD+0.0808%1h0.6049−0.005%$42K$1.6M3xas long as short
BingX PONS-USDT+0.0916%4h0.6051+0.033%$3.1Mas long as short
Hyperliquid PONS+0.1108%1h0.6050+0.025%$61.6M$30.0M3xas long as short
Phoenix PONS+0.1307%1h0.6073+0.402%$31K$113K3xas long as short