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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.024%
Price spread now: Aevo against Popdex+0.019%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex PONSUSDT0.60170.0096pay 0.0012% / 1h10m 07s$21K$435K20x
ShortAevo PONS-PERP0.60180.0216get 0.0027% / 1h10m 07s$3753x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Popdex. 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
$25.2
Price spread: +0.019% → 0.000%
$1.86
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Aevo: 8 bp × 2 orders
−$16
Net
$4.66
Costs to cover
0.224%
Break-even
5.7 days
Slippage unknown: Popdex: live order book, 54 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
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 54 min ago5.44 bp102.3 bp −$102doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.6001−0.259%$238K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−0.789%$614$10K5.5xas long as short
Popdex PONSUSDTlong+0.0096%1h0.6017long leg$21K$435K20x
ApeX Omni PONSUSDT+0.0100%1h0.6015−0.035%$33K$351K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6022+0.083%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6019+0.033%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6016−0.025%$26K$528K3xas long as short
HTX PONS-USDT+0.0100%4h0.6018+0.015%$64K$509K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6004−0.216%$1.6M$3.2M20xas long as short
Variational Omni PONS+0.0178%4h0.6018+0.022%$1.4M$3.9Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PONS-PERPshort+0.0216%1h0.6018+0.019%$3753x
Nado PONS-PERP+0.0229%1h0.6018+0.017%$70K$129K5xas long as short
Gate PONS_USDT+0.0244%4h0.6010−0.116%$5.3M$6.3M20xas long as short
OKX PONS-USDT-SWAP+0.0316%4h0.6007−0.166%$13.6M$55.0M20xas long as short
Lighter RH PONS+0.0336%1h0.6014−0.050%$418K$2.5M3xas long as short
Lighter PONS+0.0352%1h0.6014−0.058%$1.7M$877K3xas long as short
Bitget PONSUSDT+0.0424%4h0.6011−0.096%$4.7M$11.4M20xas long as short
Aster PONSUSDT+0.0450%4h0.6014−0.057%$1.1M$2.1M20xas long as short
KuCoin PONSUSDTM+0.0468%4h0.6009−0.126%$1.7M$3.7M20xas long as short
Bybit PONSUSDT+0.0492%4h0.6007−0.166%$17.9M$30.7M20xas long as short
BingX PONS-USDT+0.0496%4h0.6010−0.116%$3.0Mas long as short
MEXC PONS_USDT+0.0526%4h0.6012−0.083%$7.6M$4.7M20xas long as short
Binance PONSUSDT+0.0527%4h0.6007−0.171%$39.6M$94.7M20xas long as short
edgeX PONSUSDC+0.0528%4h0.6022+0.080%$18K$292K10xas long as short
Extended PONS-USD+0.0528%1h0.6007−0.163%$249K$671K5xas long as short
Pacifica PONS+0.0755%1h0.60170.000%$47K$70K3xas long as short
Hyperliquid PONS+0.0756%1h0.6012−0.090%$61.2M$27.9M3xas long as short
BloFin PONS-USDT+0.0767%4h0.6029+0.199%$1.7M$968K20xas long as short
Polymarket Perps PONS-USD+0.0851%1h0.6015−0.027%$69K$1.6M3xas long as short
Phoenix PONS+0.1639%1h0.6017+0.007%$31K$98K3xas long as short