Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.045%

Price spread now: Bitget against Pacifica+0.147%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 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. Bitget is 0.147% dearer against Pacifica than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.003% in total) that is about 10 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.6278	0.0853	pay 0.0107% / 1h	23m 20s	$47K	$78K	3x
Short	Bitget PONSUSDT	0.6287	0.0730	get 0.0365% / 4h	3h 23m	$5.1M	$13.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$25.75
Price spread: +0.147% → 0.000%: $14.7
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.05
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.53 bp	19.1 bp −$19	doesn't fit	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 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 −0.0030%	1h	0.6243	−0.556%	$244K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.401%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6277	−0.009%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6278	+0.007%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6217	−0.970%	$31K	$290K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6271	−0.105%	$73K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6290	+0.193%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6258	−0.313%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6263	−0.232%	$27K	$628K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6281	+0.058%	$66K	$528K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6258	−0.312%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6283	+0.086%	$391	—	3x	as long as short
Hyperliquid PONS	+0.0310%	1h	0.6279	+0.024%	$64.3M	$30.5M	3x	as long as short
Lighter RH PONS	+0.0360%	1h	0.6268	−0.152%	$423K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0441%	4h	0.6280	+0.039%	$14.4M	$61.0M	20x	as long as short
Aster PONSUSDT	+0.0454%	4h	0.6278	+0.005%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0486%	4h	0.6284	+0.098%	$1.7M	$4.1M	20x	as long as short
Lighter PONS	+0.0496%	1h	0.6269	−0.130%	$1.7M	$870K	3x	as long as short
Variational Omni PONS	+0.0562%	4h	0.6214	−1.008%	$1.6M	$4.5M	—	as long as short
edgeX PONSUSDC	+0.0662%	4h	0.6252	−0.400%	$21K	$291K	10x	as long as short
Extended PONS-USD	+0.0664%	1h	0.6283	+0.079%	$105K	$816K	5x	as long as short
MEXC PONS_USDT	+0.0664%	4h	0.6282	+0.071%	$8.1M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0665%	4h	0.6284	+0.107%	$41.3M	$103.9M	20x	as long as short
Bitget PONSUSDTshort	+0.0730%	4h	0.6287	+0.147%	$5.1M	$13.2M	20x
Pacifica PONSlong	+0.0853%	1h	0.6278	long leg	$47K	$78K	3x
BloFin PONS-USDT	+0.0888%	4h	0.6258	−0.312%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.0936%	4h	0.6279	+0.023%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.1096%	4h	0.6281	+0.055%	$18.9M	$33.2M	20x	as long as short
Gate PONS_USDT	+0.1386%	4h	0.6265	−0.200%	$5.4M	$6.4M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6229	−0.782%	$47K	$159K	3x	as long as short