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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0141%/8h= −15.4% APRnext payment $0.71 per $10,000 · paid last 24h −0.069%
Price spread now: HTX against Variational Omni+0.316%7-day average +0.034% · 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 3 days (all we have)−0.129%−$13 on $10k
Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.316%, 7d avg +0.034%
Together, before fees−0.283%+ Points / potential airdropVariational Omni: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.282% dearer against Variational Omni than usual: you sell high and buy low (spread +0.316% now, against its 7-day average of +0.034%): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PONS0.60500.0241pay 0.0121% / 4h19m 56s$1.4M$4.0M
ShortHTX PONS-USDT0.60690.0100get 0.0050% / 4h19m 56s$66K$511K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. 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
−$29.62
Price spread: +0.316% → +0.034%
$28.15
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$13.47
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; HTX: live order book, 39 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 Variational Omni RFQ quote, 4 min ago4.14 bpdoesn't fit33.9 bp −$339doesn't fitdoesn't fit
Sell HTX live order book, 39 min ago39.36 bp180.0 bp −$180doesn'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
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0032%1h0.6053+0.050%$240K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−1.337%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6066+0.258%$21K$435K20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6027−0.381%$35K$348K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6071+0.349%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6071+0.344%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6067+0.266%$26K$534K3xas long as short
HTX PONS-USDTshort+0.0100%4h0.6069+0.316%$66K$511K20x
Phemex PONSUSDT+0.0100%4h0.6053+0.043%$1.7M$3.2M20xas long as short
Gate PONS_USDT+0.0220%4h0.6059+0.142%$5.3M$6.3M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo PONS-PERP+0.0232%1h0.6068+0.295%$3783xas long as short
Variational Omni PONSlong+0.0241%4h0.6050long leg$1.4M$4.0M
Nado PONS-PERP+0.0288%1h0.6069+0.308%$71K$129K5xas long as short
OKX PONS-USDT-SWAP+0.0332%4h0.6069+0.308%$13.8M$55.8M20xas long as short
Lighter PONS+0.0384%1h0.6065+0.233%$1.7M$884K3xas long as short
Bybit PONSUSDT+0.0473%4h0.6069+0.308%$18.1M$30.8M20xas long as short
Bitget PONSUSDT+0.0478%4h0.6072+0.356%$4.7M$11.5M20xas long as short
Aster PONSUSDT+0.0487%4h0.6062+0.185%$1.1M$2.1M20xas long as short
Lighter RH PONS+0.0528%1h0.6065+0.248%$414K$2.5M3xas long as short
BingX PONS-USDT+0.0570%4h0.6070+0.324%$3.0Mas long as short
MEXC PONS_USDT+0.0600%4h0.6065+0.242%$7.7M$4.7M20xas long as short
edgeX PONSUSDC+0.0605%4h0.6041−0.161%$18K$292K10xas long as short
Extended PONS-USD+0.0608%1h0.6065+0.236%$108K$813K5xas long as short
Binance PONSUSDT+0.0609%4h0.6067+0.275%$39.7M$95.2M20xas long as short
KuCoin PONSUSDTM+0.0670%4h0.6065+0.235%$1.7M$3.8M20xas long as short
Hyperliquid PONS+0.0799%1h0.6071+0.339%$62.0M$28.3M3xas long as short
BloFin PONS-USDT+0.0841%4h0.6060+0.159%$1.7M$961K20xas long as short
Pacifica PONS+0.0859%1h0.6070+0.325%$48K$67K3xas long as short
Polymarket Perps PONS-USD+0.0897%1h0.6067+0.270%$73K$1.6M3xas long as short
Phoenix PONS+0.1736%1h0.6049−0.029%$31K$104K3xas long as short