Funding you earn now, next payment 00:00 UTC−0.0946%/8h= −103.6% APRnext payment −$1.18 per $10,000 · paid last 24h −0.106%
Price spread now: Injective against Pacifica−2.108%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Injective is 2.108% cheaper against Pacifica than usual: you would sell low and buy high (−$211 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PONS | 0.6098 | 0.0899 | pay 0.0112% / 1h | 10m 19s | $48K | $96K | 3x |
| Short | Injective PONS/USDC PERP | 0.5969 | −0.0047 | pay 0.0006% / 1h | 10m 19s | $614 | $10K | 5.5x |
Pacifica PONS
Injective PONS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$198.6
- Price spread: −2.108% → 0.000%
- −$210.76
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$417.37
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
Pacifica and Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERPshort | −0.0047% | 1h | 0.5969 | −2.108% | $614 | $10K | 5.5x | |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6093 | −0.083% | $241K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6099 | +0.024% | $426K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6110 | +0.196% | $20K | $426K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6096 | −0.033% | $18.3M | $31.4M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6099 | +0.016% | $13.9M | $57.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6091 | −0.121% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6087 | −0.182% | $32K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6107 | +0.149% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6112 | +0.224% | — | $1.4M | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.0100% | 1h | 0.6097 | −0.017% | $28K | $544K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6126 | +0.462% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6093 | −0.082% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0130% | 4h | 0.6103 | +0.088% | $1.7M | $3.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0142% | 4h | 0.6095 | −0.046% | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0152% | 1h | 0.6098 | +0.007% | $380 | — | 3x | as long as short |
| Bitget PONSUSDT | +0.0164% | 4h | 0.6099 | +0.010% | $4.7M | $11.7M | 20x | as long as short |
| Nado PONS-PERP | +0.0184% | 1h | 0.6109 | +0.173% | $105K | $116K | 5x | as long as short |
| Extended PONS-USD | +0.0296% | 1h | 0.6102 | +0.062% | $252K | $682K | 5x | as long as short |
| MEXC PONS_USDT | +0.0298% | 4h | 0.6106 | +0.131% | $8.0M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.0299% | 4h | 0.6099 | +0.016% | $40.0M | $98.4M | 20x | as long as short |
| edgeX PONSUSDC | +0.0311% | 4h | 0.6094 | −0.069% | $21K | $292K | 10x | as long as short |
| BingX PONS-USDT | +0.0312% | 4h | 0.6102 | +0.065% | — | $3.1M | — | as long as short |
| Lighter PONS | +0.0352% | 1h | 0.6101 | +0.051% | $1.7M | $932K | 3x | as long as short |
| BloFin PONS-USDT | +0.0539% | 4h | 0.6092 | −0.099% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0648% | 1h | 0.6107 | +0.152% | $42K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0847% | 1h | 0.6106 | +0.129% | $62.2M | $30.1M | 3x | as long as short |
| Pacifica PONSlong | +0.0899% | 1h | 0.6098 | long leg | $48K | $96K | 3x | |
| Phoenix PONS | +0.1307% | 1h | 0.6100 | +0.032% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2364% | 4h | 0.6098 | 0.000% | $5.3M | $6.3M | 20x | as long as short |
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Aster PONSUSDT
Aevo PONS-PERP
Bitget PONSUSDT
Nado PONS-PERP
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
BingX PONS-USDT
Lighter PONS
BloFin PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT