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 −0.005%

Price spread now: Pacifica against KuCoin+0.007%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1091.090% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.007%, 7d avg +0.015%

Together, before fees+0.173%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.118% in total (about 6.1% 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	KuCoin PONSUSDTM	0.5898	0.0100	pay 0.0050% / 4h	2h 33m	$1.7M	$3.7M	20x
Short	Pacifica PONS	0.5898	0.0474	get 0.0059% / 1h	33m 47s	$47K	$103K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now +0.007%Rate

Funding earned: $78.51
Price spread: +0.007% → +0.015%: −$0.86
Slippage, 4 orders: −$88.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$31.34
Costs to cover: 1.090%
Break-even: 9.8 days

Slippage from KuCoin: live order book, 4 min ago; Pacifica: live order book, 53 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 KuCoin live order book, 4 min ago	5.63 bp	34.8 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 53 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	0.5892	−0.096%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.366%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5899	+0.017%	$21K	$447K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5899	+0.017%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5900	+0.034%	$13.4M	$56.1M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0100%	4h	0.5898	long leg	$1.7M	$3.7M	20x
Bitget PONSUSDT	+0.0100%	4h	0.5899	+0.020%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5865	−0.555%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5866	−0.541%	$34K	$330K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5906	+0.136%	$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	0.5898	−0.003%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5897	−0.024%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5906	+0.141%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5895	−0.051%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5896	−0.034%	$367	—	3x	as long as short
Nado PONS-PERP	+0.0149%	1h	0.5898	+0.002%	$89K	$103K	5x	as long as short
BingX PONS-USDT	+0.0154%	4h	0.5896	−0.034%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0163%	4h	0.5834	−1.094%	$20K	$292K	10x	as long as short
MEXC PONS_USDT	+0.0182%	4h	0.5900	+0.034%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5899	+0.023%	$38.3M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5898	+0.004%	$105K	$533K	5x	as long as short
Gate PONS_USDT	+0.0206%	4h	0.5892	−0.102%	$5.1M	$6.8M	20x	as long as short
Aster PONSUSDT	+0.0223%	4h	0.5902	+0.071%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0335%	1h	0.5898	+0.008%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0409%	4h	0.5900	+0.034%	$1.7M	$968K	20x	as long as short
Pacifica PONSshort	+0.0474%	1h	0.5898	+0.007%	$47K	$103K	3x
Hyperliquid PONS	+0.0542%	1h	0.5897	−0.017%	$58.9M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0592%	1h	0.5900	+0.032%	$394K	$2.6M	3x	as long as short
Lighter PONS	+0.1128%	1h	0.5906	+0.132%	$1.7M	$881K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5836	−1.044%	$27K	$86K	3x	as long as short