PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.095%

Price spread now: Hyperliquid against Pacifica−0.027%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.027%, 7d avg +0.011%

Together, before fees+0.007%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.038% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.011%). If the spread goes back, that is −$4 on $10k: about 6.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.5905	0.0474	pay 0.0059% / 1h	18m 22s	$47K	$103K	3x
Short	Hyperliquid PONS	0.5904	0.0494	get 0.0062% / 1h	18m 22s	$59.1M	$30.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.027%Rate

Funding earned: $4.23
Price spread: −0.027% → +0.011%: −$3.84
Slippage, 4 orders: −$38.62
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$55.23
Costs to cover: 0.556%
Break-even: 98.5 days

Slippage from Pacifica: live order book, 4 min ago; Hyperliquid: live order book, 5 min ago.

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 live order book, 4 min ago	6.26 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.09 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

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 −0.0034%	1h	0.5896	−0.154%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.240%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5902	−0.058%	$21K	$446K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5904	−0.024%	$89K	$103K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5898	−0.125%	$17.6M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5901	−0.075%	$13.4M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5903	−0.043%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5905	−0.007%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5901	−0.080%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5904	−0.024%	$34K	$334K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5909	+0.054%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5904	−0.019%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5901	−0.073%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5905	−0.002%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5896	−0.159%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5903	−0.049%	$368	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5902	−0.052%	$106K	$533K	5x	as long as short
MEXC PONS_USDT	+0.0176%	4h	0.5901	−0.075%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0178%	4h	0.5905	−0.008%	$38.4M	$98.3M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5899	−0.109%	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.0191%	4h	0.5902	−0.063%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5905	−0.006%	$21K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0366%	1h	0.5902	−0.061%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0416%	4h	0.5903	−0.041%	$1.7M	$966K	20x	as long as short
Pacifica PONSlong	+0.0474%	1h	0.5905	long leg	$47K	$103K	3x
Hyperliquid PONSshort	+0.0494%	1h	0.5904	−0.027%	$59.1M	$30.0M	3x
Lighter RH PONS	+0.0608%	1h	0.5906	+0.002%	$416K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0728%	4h	0.5900	−0.092%	$5.2M	$6.8M	20x	as long as short
Lighter PONS	+0.1032%	1h	0.5908	+0.052%	$1.7M	$888K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5907	+0.022%	$30K	$86K	3x	as long as short