Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0578%/8h= +63.2% APRpaid last 24h +0.058%

Price spread now: Pacifica against Aster+0.147%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Pacifica is 0.147% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.278% in total (about 14.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.5911	0.0503	pay 0.0252% / 4h	3h 09m	$1.1M	$2.2M	20x
Short	Pacifica PONS	0.5920	0.1081	get 0.0135% / 1h	9m 01s	$46K	$68K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee PacificabpOrdersPrice spread, now +0.147%Rate

Funding earned: $121.28
Price spread: +0.147% → 0.000%: $14.72
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $120
Costs to cover: 0.160%
Break-even: 0.1 days

Slippage unknown: Aster: live order book, 4 min ago; Pacifica: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 4 min ago	3.95 bp	12.6 bp −$13	32.5 bp −$325	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0032%	1h	0.5903	−0.141%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.988%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5907	−0.069%	$416K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5912	+0.015%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5916	+0.088%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5935	+0.401%	$34K	$339K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5914	+0.056%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5915	+0.064%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5909	−0.034%	$25K	$541K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5937	+0.442%	$64K	$513K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5920	+0.151%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5911	+0.005%	$368	—	3x	as long as short
Gate PONS_USDT	+0.0346%	4h	0.5913	+0.032%	$5.2M	$6.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0350%	4h	0.5907	−0.069%	$13.4M	$54.1M	20x	as long as short
Lighter PONS	+0.0440%	1h	0.5910	−0.022%	$1.6M	$895K	3x	as long as short
Variational Omni PONS	+0.0440%	4h	0.5911	+0.005%	$1.4M	$4.0M	—	as long as short
Hyperliquid PONS	+0.0477%	1h	0.5913	+0.034%	$60.4M	$28.0M	3x	as long as short
Aster PONSUSDTlong	+0.0503%	4h	0.5911	long leg	$1.1M	$2.2M	20x
Bitget PONSUSDT	+0.0536%	4h	0.5910	−0.014%	$4.6M	$11.6M	20x	as long as short
Binance PONSUSDT	+0.0604%	4h	0.5914	+0.049%	$38.7M	$94.3M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.5907	−0.062%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.5912	+0.015%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0610%	4h	0.5945	+0.571%	$18K	$292K	10x	as long as short
BingX PONS-USDT	+0.0716%	4h	0.5916	+0.083%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0737%	1h	0.5911	−0.008%	$80K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0742%	4h	0.5909	−0.037%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0844%	4h	0.5913	+0.032%	$1.7M	$941K	20x	as long as short
Bybit PONSUSDT	+0.0855%	4h	0.5907	−0.069%	$17.5M	$30.7M	20x	as long as short
Pacifica PONSshort	+0.1081%	1h	0.5920	+0.147%	$46K	$68K	3x
Phoenix PONS	+0.1586%	1h	0.5945	+0.579%	$45K	$109K	3x	as long as short