Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0350%/8h= −38.3% APRpaid last 24h −0.007%

Price spread now: Binance against Pacifica+0.053%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 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

The price spread pays, funding is against you. Binance is 0.053% dearer against Pacifica than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.069%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% 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	0.6066	0.0665	pay 0.0083% / 1h	46m 36s	$48K	$87K	3x
Short	Binance PONSUSDT	0.6069	0.0315	get 0.0158% / 4h	3h 46m	$39.7M	$97.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.053%Rate

Funding earned: −$73.42
Price spread: +0.053% → 0.000%: $5.31
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Binance: live order book, 11 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 Binance live order book, 11 min ago	0.82 bp	11.5 bp −$11	31.2 bp −$312	256.3 bp −$25.6K	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 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 +0.0033% / S −0.0033%	1h	0.6049	−0.279%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.587%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6062	−0.057%	$424K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6072	+0.103%	$20K	$416K	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6068	+0.037%	$13.8M	$57.4M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6054	−0.194%	$5.3M	$6.1M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6040	−0.432%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6037	−0.479%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6066	−0.001%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6058	−0.123%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6058	−0.137%	$27K	$553K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6079	+0.210%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6062	−0.062%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6057	−0.145%	$377	—	3x	as long as short
KuCoin PONSUSDTM	+0.0166%	4h	0.6062	−0.054%	$1.7M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0193%	4h	0.6066	+0.010%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0202%	4h	0.6070	+0.066%	$4.7M	$11.6M	20x	as long as short
MEXC PONS_USDT	+0.0310%	4h	0.6067	+0.020%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0312%	1h	0.6068	+0.033%	$250K	$683K	5x	as long as short
Binance PONSUSDTshort	+0.0315%	4h	0.6069	+0.053%	$39.7M	$97.7M	20x
edgeX PONSUSDC	+0.0321%	4h	0.6040	−0.418%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0360%	1h	0.6062	−0.054%	$1.7M	$894K	3x	as long as short
Nado PONS-PERP	+0.0522%	1h	0.6068	+0.035%	$105K	$116K	5x	as long as short
BloFin PONS-USDT	+0.0551%	4h	0.6048	−0.293%	$1.7M	$1.0M	20x	as long as short
BingX PONS-USDT	+0.0562%	4h	0.6069	+0.053%	—	$3.1M	—	as long as short
Pacifica PONSlong	+0.0665%	1h	0.6066	long leg	$48K	$87K	3x
Polymarket Perps PONS-USD	+0.0797%	1h	0.6059	−0.118%	$42K	$1.6M	3x	as long as short
Bybit PONSUSDT	+0.0844%	4h	0.6065	−0.013%	$18.2M	$31.2M	20x	as long as short
Hyperliquid PONS	+0.0953%	1h	0.6064	−0.031%	$61.7M	$29.7M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6032	−0.550%	$31K	$113K	3x	as long as short