Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0320%/8h= +35.0% APRpaid last 24h −0.070%

Price spread now: Pacifica against BingX+0.002%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now +0.002%, 7d avg −0.030%

Together, before fees−0.141%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Pacifica is 0.032% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.277%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5820	0.0154	pay 0.0077% / 4h	2h 41m	—	$3.1M	—
Short	Pacifica PONS	0.5820	0.0474	get 0.0059% / 1h	41m 10s	$46K	$102K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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 BingXbpFee PacificabpOrdersPrice spread, now +0.002%Rate

Funding earned: $67.17
Price spread: +0.002% → −0.030%: $3.22
Slippage, 4 orders: −$40.98
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $11.4
Costs to cover: 0.590%
Break-even: 5.8 days

Slippage from BingX: live order book, 9 min ago; Pacifica: live order book, 46 min ago.

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 BingX live order book, 9 min ago	1.70 bp	11.7 bp −$12	36.8 bp −$368	258.2 bp −$25.8K	doesn't fit
Sell Pacifica live order book, 46 min ago	9.20 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit

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 +0.0032% / S −0.0034%	1h	0.5814	−0.111%	$213K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+1.711%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5822	+0.034%	$20K	$450K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5819	−0.017%	$17.5M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5821	+0.017%	$13.3M	$55.3M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5820	0.000%	$5.1M	$6.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5822	+0.036%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5822	+0.031%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5813	−0.120%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5808	−0.211%	$34K	$328K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5828	+0.143%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5823	+0.052%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5820	+0.002%	$26K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5825	+0.089%	$63K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5819	−0.017%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5816	−0.063%	$362	—	3x	as long as short
MEXC PONS_USDT	+0.0144%	4h	0.5822	+0.034%	$7.4M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0151%	4h	0.5821	+0.023%	$37.9M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0152%	1h	0.5821	+0.013%	$104K	$531K	5x	as long as short
BingX PONS-USDTlong	+0.0154%	4h	0.5820	long leg	—	$3.1M	—
edgeX PONSUSDC	+0.0158%	4h	0.5808	−0.210%	$20K	$294K	10x	as long as short
Nado PONS-PERP	+0.0162%	1h	0.5818	−0.027%	$88K	$103K	5x	as long as short
Aster PONSUSDT	+0.0174%	4h	0.5821	+0.016%	$1.1M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0176%	1h	0.5822	+0.034%	$389K	$2.6M	3x	as long as short
Polymarket Perps PONS-USD	+0.0314%	1h	0.5820	+0.007%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0391%	4h	0.5819	−0.017%	$1.7M	$956K	20x	as long as short
Pacifica PONSshort	+0.0474%	1h	0.5820	+0.002%	$46K	$102K	3x
Hyperliquid PONS	+0.0553%	1h	0.5823	+0.046%	$58.1M	$30.0M	3x	as long as short
Lighter PONS	+0.0816%	1h	0.5825	+0.081%	$1.7M	$881K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5873	+0.914%	$27K	$86K	3x	as long as short