data as of
Settings8H · net · $10k
Price arb /

PONS

all PONS markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)−0.872%
7d average+0.057%if it closes, per $10,000$87funding while held, a day+$5.60
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PONS0.62330.0430pay 0.0215% / 4h3h 32m$1.5M$3.6M
ShortPacifica PONS0.61790.0616get 0.0077% / 1h32m 25s$51K$123K3x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$87.21
Funding while held
$5.6
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$89.61
Spread needed to break even
0.080%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Pacifica: live order book, 12 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0187%
Per $10,000 a day
+$5.60
Average in range /8h

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, 3 min ago4.82 bpdoesn't fit41.8 bp −$418doesn't fitdoesn't fit
Sell Pacifica live order book, 12 min ago10.54 bp22.9 bp −$23doesn't fitdoesn't fitdoesn't fit

PONS price on every exchange

against the cheapest. Click to use as the short leg.

PONS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PONS/USDC PERP−7.946%+0.0033%1h$590$11K5.5xas long as short
KuCoin PONSUSDTM−0.927%+0.0244%4h$1.8M$3.1M20xas long as short
Popdex PONSUSDT−0.919%+0.0096%1h$19K$473K20xas long as short
Polymarket Perps PONS-USD−0.911%+0.0632%1h$60K$1.8M3xas long as short
gTrade (Gains Network) PONS/USD−0.908%L +0.0032% / S −0.0031%1h$223K150xas long as short
BingX PONS-USDT−0.887%+0.0482%4h$3.1Mas long as short
Pacifica PONSshort−0.872%+0.0616%1h$51K$123K3x
MEXC PONS_USDT−0.855%+0.0500%4h$7.6M$5.0M20xas long as short
Bybit PONSUSDT−0.839%+0.0415%4h$19.4M$27.6M20xas long as short
Bitget PONSUSDT−0.836%+0.0268%4h$4.8M$10.8M20xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended PONS-USD−0.834%+0.0504%1h$93K$538K5xas long as short
OKX PONS-USDT-SWAP−0.823%+0.0145%4h$14.2M$54.5M20xas long as short
Hyperliquid PONS−0.810%+0.0583%1h$62.1M$27.1M3xas long as short
Binance PONSUSDT−0.784%+0.0505%4h$41.0M$93.3M20xas long as short
Aster PONSUSDT−0.783%+0.0131%4h$1.1M$2.1M20xas long as short
Lighter RH PONS−0.775%+0.0976%1h$427K$2.3M3xas long as short
Lighter PONS−0.751%+0.1504%1h$1.8M$781K3xas long as short
Phoenix PONS−0.738%+0.1528%1h$25K$61K3xas long as short
edgeX PONSUSDC−0.705%+0.0524%4h$22K$292K10xas long as short
Gate PONS_USDT−0.694%−0.0216%4h$5.5M$7.4M20xas long as short
SoDEX PONS-USD−0.651%+0.0100%1h$28K$461K3xas long as short
Phemex PONSUSDT−0.646%+0.0100%4h$1.7M$3.3M20xas long as short
Aevo PONS-PERP−0.574%+0.0200%1h$3863xas long as short
SunX PONS-USDT−0.556%+0.0100%4h$1.4M10xas long as short
Orderly PERP_PONS_USDC_mythos−0.473%+0.0100%4h$2K$2K10xas long as short
BloFin PONS-USDT−0.454%+0.0741%4h$1.8M$954K20xas long as short
HTX PONS-USDT−0.367%+0.0100%4h$66K$491K20xas long as short
Nado PONS-PERP−0.344%+0.0344%1h$112K$68K5xas long as short
ApeX Omni PONSUSDT−0.017%+0.0100%1h$36K$315K5xas long as short
Variational Omni PONSlong0.000%+0.0430%4h$1.5M$3.6M