Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5647 | +0.1237 | pay 0.0155% / 1h | 34m 31s | $54K | $463K | 4x | Long Arcus5% off | |
| SHORT | 0.5642 | +0.1622 | get 0.0203% / 1h | 34m 31s | $137K | $112K | 3x | Short Pacifica10% back |
Price gap−0.075%
Funding gap+0.0385% /8h
Both sides work: funding pays +$12 a day on $10k, and the gap is 0.023% above its 7d average: +$2 more if it goes back.
Funding on this pair cost 0.059% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6+0.0385% /8h now · paid −0.059% over the last 2 days (all we have)
Price+$2spread −0.075% now, avg −0.098% → +0.023% if it goes back
Costs−$680.677% of $10k · taker + slippage, in and out
Result−$71−0.71%+ Points / potential airdropPacifica: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 2 days it paid −0.059% in total, about −0.0117%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.075%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 32 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Thin at this size13.0 / 21.4 bpAt $10k entering Pacifica costs 21.4 bp, fee and slippage, 1.7× Arcus’s.
- Note: Margin at max leverage$2,500 + $3,333Arcus 4x, Pacifica 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$11.55Long Arcus: 24 payments, −$37.12; short Pacifica: 24 payments, +$48.67.
- OK: Entry gap works for you−0.075% vs −0.098%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$54K vs $137K OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legPacifica pointsVolume here counts toward the points program.
- OK: No KYC on either legArcus No · Pacifica NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0117%/8h × 21 periods−$24.51
Price spread−0.075% → −0.098% (7d avg)+$2.29
Slippage, 4 orderslive order books−$55.21
Fee Arcus bp × 2 orders−$4.50
Fee Pacifica bp × 2 orders−$8.00
Net · 7 days · $10k−$89.94
Costs to cover0.677%Break-evennever at this rate
Slippage: Arcus: live order book, 43 min ago; Pacifica: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus7.4713.0 bp−$1319.9 bp−$199doesn’t fitdoesn’t fit
SELL · SHORTPacifica9.3121.4 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Kraken Futures
Avantis
Bybit