Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0452%/8h= −49.5% APRpaid last 24h −0.049%

Price spread now: Aster against Pacifica−0.010%48s7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

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

Together, before fees—+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.268% in total (about -14.0% 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	Pacifica PONS	0.6046	0.0869	pay 0.0109% / 1h	12m 00s	$48K	$75K	3x
Short	Aster PONSUSDT	0.6045	0.0417	get 0.0209% / 4h	2h 12m	$1.1M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$94.94
Price spread: −0.010% → 0.000%: −$0.96
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$111.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Aster: live order book, 1 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	2.15 bp	12.7 bp −$13	27.7 bp −$277	doesn't fit	doesn't fit

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	0.6043	−0.055%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.263%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6053	+0.118%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6064	+0.298%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6072	+0.430%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6056	+0.159%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6055	+0.156%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6054	+0.128%	$26K	$524K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6065	+0.323%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6046	+0.002%	$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
Lighter RH PONS	+0.0168%	1h	0.6051	+0.090%	$425K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.6054	+0.134%	$377	—	3x	as long as short
Lighter PONS	+0.0232%	1h	0.6052	+0.100%	$1.7M	$885K	3x	as long as short
Nado PONS-PERP	+0.0240%	1h	0.6048	+0.030%	$71K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0258%	4h	0.6048	+0.030%	$1.7M	$3.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0263%	4h	0.6041	−0.081%	$13.9M	$54.9M	20x	as long as short
Bitget PONSUSDT	+0.0340%	4h	0.6050	+0.068%	$4.7M	$11.3M	20x	as long as short
Bybit PONSUSDT	+0.0369%	4h	0.6042	−0.064%	$18.1M	$30.4M	20x	as long as short
BingX PONS-USDT	+0.0414%	4h	0.6046	+0.002%	—	$3.0M	—	as long as short
Aster PONSUSDTshort	+0.0417%	4h	0.6045	−0.010%	$1.1M	$2.0M	20x
edgeX PONSUSDC	+0.0426%	4h	0.6072	+0.426%	$21K	$294K	10x	as long as short
Extended PONS-USD	+0.0432%	1h	0.6047	+0.010%	$250K	$672K	5x	as long as short
MEXC PONS_USDT	+0.0434%	4h	0.6049	+0.052%	$7.8M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0436%	4h	0.6048	+0.035%	$39.6M	$94.6M	20x	as long as short
Hyperliquid PONS	+0.0685%	1h	0.6051	+0.083%	$61.6M	$28.0M	3x	as long as short
Gate PONS_USDT	+0.0732%	4h	0.6046	+0.002%	$5.3M	$6.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0758%	1h	0.6052	+0.095%	$47K	$1.5M	3x	as long as short
Pacifica PONSlong	+0.0869%	1h	0.6046	long leg	$48K	$75K	3x
Phoenix PONS	+0.1695%	1h	0.6057	+0.182%	$31K	$107K	3x	as long as short