Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h +0.053%

Price spread now: BloFin against Pacifica−0.120%94s7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.548%+$55 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.120% cheaper against Pacifica than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.548%, so the current rate has only just turned against you. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.5977	0.0859	pay 0.0107% / 1h	29m 42s	$47K	$67K	3x
Short	BloFin PONS-USDT	0.5970	0.0812	get 0.0406% / 4h	29m 42s	$1.7M	$953K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$10.03
Price spread: −0.120% → 0.000%: −$12.01
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.04
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	9.18 bp	15.2 bp −$15	32.7 bp −$327	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 +0.0033% / S −0.0032%	1h	0.5959	−0.297%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.128%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5973	−0.070%	$20K	$435K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5972	−0.087%	$5.3M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6004	+0.447%	$34K	$349K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5974	−0.053%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5966	−0.185%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5968	−0.154%	$26K	$531K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5980	+0.040%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5967	−0.170%	$1.6M	$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
Lighter PONS	+0.0112%	1h	0.5978	+0.012%	$1.6M	$884K	3x	as long as short
Variational Omni PONS	+0.0215%	4h	0.5965	−0.196%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.5970	−0.125%	$372	—	3x	as long as short
Nado PONS-PERP	+0.0230%	1h	0.5977	−0.003%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0296%	1h	0.5980	+0.046%	$401K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0300%	4h	0.5975	−0.036%	$13.6M	$54.7M	20x	as long as short
Aster PONSUSDT	+0.0426%	4h	0.5974	−0.047%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0458%	4h	0.5980	+0.046%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0459%	4h	0.5969	−0.137%	$17.8M	$30.8M	20x	as long as short
BingX PONS-USDT	+0.0534%	4h	0.5979	+0.030%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0568%	4h	0.5980	+0.049%	$18K	$294K	10x	as long as short
Extended PONS-USD	+0.0568%	1h	0.5976	−0.012%	$107K	$809K	5x	as long as short
MEXC PONS_USDT	+0.0570%	4h	0.5977	−0.003%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0570%	4h	0.5973	−0.070%	$39.2M	$94.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0634%	4h	0.5980	+0.047%	$1.6M	$3.7M	20x	as long as short
Hyperliquid PONS	+0.0712%	1h	0.5982	+0.073%	$60.9M	$27.9M	3x	as long as short
BloFin PONS-USDTshort	+0.0812%	4h	0.5970	−0.120%	$1.7M	$953K	20x
Pacifica PONSlong	+0.0859%	1h	0.5977	long leg	$47K	$67K	3x
Polymarket Perps PONS-USD	+0.0909%	1h	0.5977	−0.010%	$66K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5990	+0.213%	$31K	$104K	3x	as long as short