Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h −0.012%

Price spread now: Pacifica against Binance−0.007%7-day average −0.009% · you buy dearer than you sell

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

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.007%, 7d avg −0.009%

Together, before fees−0.091%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.074% in total (about -3.9% 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	Binance PONSUSDT	0.6136	0.0309	pay 0.0154% / 4h	35m 29s	$40.2M	$98.9M	20x
Short	Pacifica PONS	0.6136	0.0899	get 0.0112% / 1h	35m 29s	$48K	$96K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.007%Rate

Funding earned: $123.81
Price spread: −0.007% → −0.009%: $0.17
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $105.98
Costs to cover: 0.180%
Break-even: 1.0 days

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	0.82 bp	12.4 bp −$12	53.9 bp −$539	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.713%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0034%	1h	0.6130	−0.096%	$237K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6137	+0.016%	$428K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6139	+0.049%	$20K	$438K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6139	+0.049%	$88K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6131	−0.081%	$18.5M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6131	−0.081%	$14.0M	$58.2M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6125	−0.183%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6139	+0.055%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6139	+0.049%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6143	+0.114%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6139	+0.052%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6151	+0.253%	$65K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6142	+0.098%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0122%	4h	0.6136	−0.003%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0138%	4h	0.6139	+0.054%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6137	+0.017%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0179%	4h	0.6135	−0.020%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0232%	1h	0.6137	+0.020%	$1.7M	$922K	3x	as long as short
BingX PONS-USDT	+0.0300%	4h	0.6133	−0.049%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0308%	4h	0.6137	+0.016%	$8.1M	$4.9M	20x	as long as short
edgeX PONSUSDC	+0.0309%	4h	0.6134	−0.038%	$21K	$293K	10x	as long as short
Binance PONSUSDTlong	+0.0309%	4h	0.6136	long leg	$40.2M	$98.9M	20x
Extended PONS-USD	+0.0312%	1h	0.6138	+0.032%	$253K	$682K	5x	as long as short
BloFin PONS-USDT	+0.0535%	4h	0.6135	−0.016%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0682%	1h	0.6138	+0.034%	$42K	$1.7M	3x	as long as short
Pacifica PONSshort	+0.0899%	1h	0.6136	−0.007%	$48K	$96K	3x
Hyperliquid PONS	+0.0940%	1h	0.6141	+0.080%	$62.4M	$30.3M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6134	−0.036%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2206%	4h	0.6129	−0.114%	$5.4M	$6.3M	20x	as long as short