Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0467%/8h= +51.2% APRpaid last 24h +0.008%

Price spread now: Pacifica against MEXC−0.054%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.054% cheaper against MEXC than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.062%, 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 -0.062% in total (about -3.2% 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	MEXC PONS_USDT	0.6039	0.0402	pay 0.0201% / 4h	2h 30m	$7.7M	$4.7M	20x
Short	Pacifica PONS	0.6036	0.0869	get 0.0109% / 1h	30m 18s	$48K	$75K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now −0.054%Rate

Funding earned: $98.11
Price spread: −0.054% → 0.000%: −$5.45
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $84.66
Costs to cover: 0.080%
Break-even: 1.0 days

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.83 bp	5.9 bp −$6	15.9 bp −$159	379.3 bp −$37.9K	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 29 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 −0.0033%	1h	0.6029	−0.171%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.151%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6040	+0.017%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6043	+0.059%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.046%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6042	+0.050%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6040	+0.012%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6044	+0.088%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6049	+0.174%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6037	−0.033%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6036	−0.050%	$376	—	3x	as long as short
Lighter RH PONS	+0.0192%	1h	0.6035	−0.071%	$423K	$2.5M	3x	as long as short
KuCoin PONSUSDTM	+0.0214%	4h	0.6037	−0.035%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0218%	4h	0.6038	−0.017%	$13.8M	$55.2M	20x	as long as short
Nado PONS-PERP	+0.0244%	1h	0.6036	−0.053%	$71K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0258%	4h	0.6036	−0.050%	$18.1M	$30.6M	20x	as long as short
Lighter PONS	+0.0296%	1h	0.6035	−0.065%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0300%	4h	0.6043	+0.061%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0372%	4h	0.6038	−0.015%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0392%	4h	0.6041	+0.033%	—	$3.0M	—	as long as short
MEXC PONS_USDTlong	+0.0402%	4h	0.6039	long leg	$7.7M	$4.7M	20x
Extended PONS-USD	+0.0408%	1h	0.6038	−0.019%	$250K	$676K	5x	as long as short
Binance PONSUSDT	+0.0409%	4h	0.6039	+0.005%	$39.6M	$95.2M	20x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6039	+0.004%	$21K	$293K	10x	as long as short
Gate PONS_USDT	+0.0552%	4h	0.6033	−0.099%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0690%	1h	0.6039	+0.005%	$61.4M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0742%	1h	0.6039	+0.005%	$45K	$1.5M	3x	as long as short
Pacifica PONSshort	+0.0869%	1h	0.6036	−0.054%	$48K	$75K	3x
Phoenix PONS	+0.1695%	1h	0.6038	−0.025%	$31K	$107K	3x	as long as short