Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0374%/8h= +40.9% APRpaid last 24h +0.089%

Price spread now: Pacifica against HTX+0.179%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs−$346as in the Price arb table

costs, in and out, $10k−$3673.675% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 3 days (all we have)−0.330%−$33 · spread now +0.179%, 7d avg −0.034%

Together, before fees+0.039%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Pacifica is 0.213% dearer against HTX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5825	0.0100	pay 0.0050% / 4h	2h 40m	$63K	$504K	20x
Short	Pacifica PONS	0.5836	0.0474	get 0.0059% / 1h	40m 29s	$46K	$102K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now +0.179%Rate

Funding earned: $78.51
Price spread: +0.179% → −0.034%: $21.34
Slippage, 4 orders: −$347.46
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$267.61
Costs to cover: 3.675%
Break-even: 30.9 days

Slippage from HTX: live order book, 48 min ago; Pacifica: live order book, 47 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 HTX live order book, 48 min ago	17.23 bp	145.9 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 47 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	−0.200%	$213K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+1.621%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5837	+0.203%	$21K	$448K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5833	+0.134%	$17.5M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5836	+0.185%	$13.3M	$55.4M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5834	+0.151%	$5.1M	$6.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5837	+0.194%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5838	+0.225%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5819	−0.115%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5808	−0.300%	$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	+0.053%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5823	−0.038%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5820	−0.088%	$26K	$548K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5825	long leg	$63K	$504K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5819	−0.106%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5816	−0.152%	$362	—	3x	as long as short
MEXC PONS_USDT	+0.0150%	4h	0.5836	+0.185%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0151%	4h	0.5836	+0.186%	$38.0M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0152%	1h	0.5835	+0.160%	$104K	$531K	5x	as long as short
BingX PONS-USDT	+0.0154%	4h	0.5835	+0.168%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0158%	4h	0.5808	−0.299%	$20K	$294K	10x	as long as short
Aster PONSUSDT	+0.0172%	4h	0.5829	+0.062%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0173%	1h	0.5834	+0.153%	$88K	$103K	5x	as long as short
Lighter RH PONS	+0.0288%	1h	0.5830	+0.088%	$389K	$2.6M	3x	as long as short
Polymarket Perps PONS-USD	+0.0330%	1h	0.5839	+0.240%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0391%	4h	0.5819	−0.106%	$1.7M	$956K	20x	as long as short
Pacifica PONSshort	+0.0474%	1h	0.5836	+0.179%	$46K	$102K	3x
Hyperliquid PONS	+0.0582%	1h	0.5835	+0.160%	$58.3M	$30.0M	3x	as long as short
Lighter PONS	+0.0816%	1h	0.5834	+0.153%	$1.7M	$881K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5873	+0.824%	$27K	$86K	3x	as long as short