Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h +0.032%

Price spread now: BingX against Pacifica+0.013%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 BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.249%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.6000	0.0755	pay 0.0094% / 1h	18m 58s	$47K	$70K	3x
Short	BingX PONS-USDT	0.6001	0.0502	get 0.0251% / 4h	1h 18m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$53.21
Price spread: +0.013% → 0.000%: $1.28
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$69.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	2.53 bp	12.0 bp −$12	29.6 bp −$296	134.8 bp −$13.5K	1015.1 bp −$507.6K

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	0.5994	−0.112%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.512%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6004	+0.063%	$21K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5992	−0.137%	$5.2M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5984	−0.277%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6007	+0.119%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5996	−0.064%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6002	+0.024%	$26K	$521K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6018	+0.299%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6003	+0.046%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0189%	4h	0.5977	−0.389%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.6005	+0.083%	$374	—	3x	as long as short
Nado PONS-PERP	+0.0211%	1h	0.6002	+0.028%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0224%	1h	0.6002	+0.024%	$411K	$2.5M	3x	as long as short
Lighter PONS	+0.0272%	1h	0.6002	+0.031%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0301%	4h	0.5995	−0.087%	$13.6M	$54.6M	20x	as long as short
Bitget PONSUSDT	+0.0408%	4h	0.6000	−0.009%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0423%	4h	0.5998	−0.032%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0434%	4h	0.6005	+0.083%	$1.7M	$3.7M	20x	as long as short
edgeX PONSUSDC	+0.0489%	4h	0.5988	−0.197%	$18K	$293K	10x	as long as short
MEXC PONS_USDT	+0.0494%	4h	0.6004	+0.063%	$7.6M	$4.7M	20x	as long as short
BingX PONS-USDTshort	+0.0502%	4h	0.6001	+0.013%	—	$3.0M	—
Extended PONS-USD	+0.0504%	1h	0.6000	+0.003%	$247K	$668K	5x	as long as short
Binance PONSUSDT	+0.0505%	4h	0.5999	−0.020%	$39.3M	$94.0M	20x	as long as short
Bybit PONSUSDT	+0.0514%	4h	0.5994	−0.104%	$17.9M	$30.5M	20x	as long as short
Hyperliquid PONS	+0.0708%	1h	0.6000	−0.005%	$61.1M	$27.6M	3x	as long as short
BloFin PONS-USDT	+0.0745%	4h	0.6008	+0.129%	$1.8M	$962K	20x	as long as short
Pacifica PONSlong	+0.0755%	1h	0.6000	long leg	$47K	$70K	3x
Polymarket Perps PONS-USD	+0.0809%	1h	0.6001	+0.021%	$51K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5961	−0.649%	$31K	$98K	3x	as long as short