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

PONS

all PONS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Injective+0.452%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.452% dearer against Injective than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective PONS/USDC PERP0.59690.0033pay 0.0004% / 1h13m 06s$614$10K5.5x
ShortApeX Omni PONSUSDT0.59970.0100get 0.0013% / 1h13m 06s$35K$351K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$14
Price spread: +0.452% → 0.000%
$45.23
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$49.21
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 4 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 Injective no order-book sample
Sell ApeX Omni live order book, 4 min ago28.62 bp46.6 bp −$47121.3 bp −$1,213doesn't fitdoesn't fit
Injective: 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 −0.0036%1h0.5974+0.072%$224K150xas long as short
Injective PONS/USDC PERPlong+0.0033%1h0.5969long leg$614$10K5.5x
Popdex PONSUSDT+0.0096%1h0.5983+0.226%$21K$439K20xas long as short
Bybit PONSUSDT+0.0100%4h0.5984+0.243%$17.9M$31.5M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5984+0.243%$13.5M$56.2M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5984+0.238%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0100%4h0.5987+0.300%$4.6M$11.6M20xas long as short
Variational Omni PONS+0.0100%4h0.5983+0.230%$1.4M$4.3Mas long as short
ApeX Omni PONSUSDTshort+0.0100%1h0.5997+0.452%$35K$351K5x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5988+0.307%$3K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDT+0.0100%4h0.5983+0.233%$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5982+0.209%$27K$545K3xas long as short
HTX PONS-USDT+0.0100%4h0.5992+0.377%$64K$506K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5982+0.209%$1.7M$3.3M20xas long as short
Aevo PONS-PERP+0.0128%1h0.5983+0.226%$3733xas long as short
Aster PONSUSDT+0.0131%4h0.5981+0.194%$1.1M$2.2M20xas long as short
MEXC PONS_USDT+0.0178%4h0.5980+0.176%$7.7M$4.9M20xas long as short
Binance PONSUSDT+0.0183%4h0.5985+0.256%$38.9M$97.7M20xas long as short
Extended PONS-USD+0.0184%1h0.5980+0.173%$248K$667K5xas long as short
BingX PONS-USDT+0.0186%4h0.5981+0.193%$3.1Mas long as short
edgeX PONSUSDC+0.0198%4h0.5990+0.343%$21K$294K10xas long as short
Nado PONS-PERP+0.0217%1h0.5981+0.192%$90K$103K5xas long as short
Lighter RH PONS+0.0280%1h0.5984+0.250%$422K$2.7M3xas long as short
BloFin PONS-USDT+0.0423%4h0.5988+0.310%$1.7M$981K20xas long as short
Pacifica PONS+0.0451%1h0.5985+0.264%$47K$96K3xas long as short
Polymarket Perps PONS-USD+0.0483%1h0.5983+0.221%$37K$1.7M3xas long as short
Lighter PONS+0.0640%1h0.5985+0.266%$1.7M$1.0M3xas long as short
Hyperliquid PONS+0.0686%1h0.5988+0.317%$60.6M$30.2M3xas long as short
Phoenix PONS+0.1398%1h0.5990+0.342%$30K$96K3xas long as short
Gate PONS_USDT+0.1450%4h0.5981+0.193%$5.2M$6.5M20xas long as short