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 09:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.072%
Price spread now: Extended against OKX+0.022%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$790.794% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.304%+$30 on $10k
Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.022%, 7d avg +0.004%
Together, before fees+0.232%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PONS-USDT-SWAP0.62190.0398pay 0.0199% / 4h3h 35m$14.3M$61.0M20x
ShortExtended PONS-USD0.62200.0640get 0.0080% / 1h35m 41s$105K$828K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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
$50.8
Price spread: +0.022% → +0.004%
$1.75
Slippage, 4 orders
−$64.42
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$26.87
Costs to cover
0.794%
Break-even
10.7 days
Slippage from OKX: live order book, 3 min ago; Extended: live order book, 62 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 OKX live order book, 3 min ago0.80 bp13.4 bp −$1329.7 bp −$297doesn't fitdoesn't fit
Sell Extended live order book, 62 min ago10.96 bp26.3 bp −$26219.6 bp −$2,196doesn'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 +0.0032% / S −0.0030%1h0.6221+0.030%$243K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5938−4.510%$610$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6234+0.241%$23K$437K20xas long as short
Nado PONS-PERP+0.0100%1h0.6236+0.271%$73K$130K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6210−0.151%$31K$291K5xas long as short
Polymarket Perps PONS-USD+0.0100%1h0.6227+0.132%$73K$2.2M3xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6243+0.379%$2K$4K10xas long as short
SunX PONS-USDT+0.0100%4h0.6231+0.201%$1.2M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6232+0.217%$26K$619K3xas long as short
HTX PONS-USDT+0.0100%4h0.6250+0.503%$66K$528K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.6229+0.161%$1.7M$3.2M20xas long as short
Aevo PONS-PERP+0.0240%1h0.6230+0.169%$3883xas long as short
Hyperliquid PONS+0.0319%1h0.6220+0.010%$63.7M$30.6M3xas long as short
Lighter RH PONS+0.0376%1h0.6227+0.129%$421K$2.7M3xas long as short
OKX PONS-USDT-SWAPlong+0.0398%4h0.6219long leg$14.3M$61.0M20x
Aster PONSUSDT+0.0442%4h0.6227+0.133%$1.1M$2.3M20xas long as short
KuCoin PONSUSDTM+0.0468%4h0.6222+0.048%$1.6M$4.0M20xas long as short
Variational Omni PONS+0.0577%4h0.6231+0.201%$1.6M$4.4Mas long as short
edgeX PONSUSDC+0.0630%4h0.6218−0.009%$20K$291K10xas long as short
Extended PONS-USDshort+0.0640%1h0.6220+0.022%$105K$828K5x
MEXC PONS_USDT+0.0642%4h0.6221+0.032%$8.0M$4.7M20xas long as short
Binance PONSUSDT+0.0646%4h0.6221+0.033%$40.7M$104.2M20xas long as short
Lighter PONS+0.0672%1h0.6225+0.096%$1.7M$868K3xas long as short
Bitget PONSUSDT+0.0718%4h0.6225+0.100%$5.0M$13.2M20xas long as short
Pacifica PONS+0.0853%1h0.6219−0.006%$47K$77K3xas long as short
BloFin PONS-USDT+0.0875%4h0.6239+0.322%$1.8M$1.1M20xas long as short
Gate PONS_USDT+0.0952%4h0.6218−0.016%$5.4M$6.3M20xas long as short
BingX PONS-USDT+0.1064%4h0.6220+0.016%$3.2Mas long as short
Bybit PONSUSDT+0.1211%4h0.62190.000%$18.8M$33.1M20xas long as short
Phoenix PONS+0.1714%1h0.6208−0.170%$47K$159K3xas long as short