Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0434%/8h= −47.5% APRpaid last 24h −0.103%

Price spread now: Aevo against BingX+0.736%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.736% dearer against BingX than usual: you sell high and buy low (spread +0.736% now, against zero (this spread has no 7-day history yet)): +$74 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.6264	0.0666	pay 0.0333% / 4h	40m 29s	—	$3.1M	—
Short	Aevo PONS-PERP	0.6310	0.0232	get 0.0029% / 1h	40m 29s	$393	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee AevobpOrdersPrice spread, now +0.736%Rate

Funding earned: −$91.14
Price spread: +0.736% → 0.000%: $73.56
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$43.58
Costs to cover: 0.260%
Break-even: from the start

Slippage unknown: BingX: live order book, 9 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 9 min ago	0.82 bp	10.9 bp −$11	24.1 bp −$241	288.6 bp −$28.9K	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0029%	1h	0.6276	+0.185%	$239K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6265	+0.016%	$22K	$454K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6266	+0.025%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6184	−1.282%	$30K	$303K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6289	+0.398%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6295	+0.495%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6293	+0.460%	$27K	$628K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6298	+0.546%	$68K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6285	+0.335%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERPshort	+0.0232%	1h	0.6310	+0.736%	$393	—	3x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0427%	4h	0.6263	−0.016%	$14.3M	$60.4M	20x	as long as short
Variational Omni PONS	+0.0520%	4h	0.6292	+0.451%	$1.5M	$4.2M	—	as long as short
Aster PONSUSDT	+0.0539%	4h	0.6262	−0.030%	$1.2M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0568%	4h	0.6266	+0.030%	$1.6M	$3.9M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6265	+0.014%	$48K	$68K	3x	as long as short
edgeX PONSUSDC	+0.0576%	4h	0.6276	+0.198%	$21K	$289K	10x	as long as short
MEXC PONS_USDT	+0.0606%	4h	0.6264	0.000%	$8.1M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6263	−0.019%	$105K	$818K	5x	as long as short
Binance PONSUSDT	+0.0613%	4h	0.6261	−0.047%	$41.2M	$102.8M	20x	as long as short
BingX PONS-USDTlong	+0.0666%	4h	0.6264	long leg	—	$3.1M	—
Bybit PONSUSDT	+0.0697%	4h	0.6265	+0.016%	$19.0M	$32.4M	20x	as long as short
Bitget PONSUSDT	+0.0704%	4h	0.6267	+0.048%	$4.9M	$12.7M	20x	as long as short
Lighter RH PONS	+0.0808%	1h	0.6266	+0.032%	$443K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0843%	1h	0.6266	+0.032%	$63.8M	$30.3M	3x	as long as short
BloFin PONS-USDT	+0.0847%	4h	0.6305	+0.655%	$1.8M	$1.0M	20x	as long as short
Gate PONS_USDT	+0.0898%	4h	0.6259	−0.080%	$5.5M	$6.4M	20x	as long as short
Lighter PONS	+0.0952%	1h	0.6268	+0.070%	$1.7M	$845K	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−5.196%	$610	$10K	5.5x	as long as short
Polymarket Perps PONS-USD	+0.1387%	1h	0.6267	+0.043%	$90K	$2.2M	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6308	+0.709%	$48K	$127K	3x	as long as short