Funding you earn now, next payment 06:00 UTC−0.0107%/8h= −11.8% APRpaid last 24h −0.023%
Price spread now: MEXC against Pacifica−0.046%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.046% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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 | 0.5899 | 0.0715 | pay 0.0089% / 1h | 39m 52s | $46K | $68K | 3x |
| Short | MEXC PONS_USDT | 0.5896 | 0.0608 | get 0.0304% / 4h | 2h 39m | $7.5M | $4.7M | 20x |
Pacifica PONS
MEXC PONS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$22.56
- Price spread: −0.046% → 0.000%
- −$4.65
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$35.21
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; MEXC: 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 MEXC live order book, 3 min ago | 0.85 bp | 5.2 bp −$5 | 11.4 bp −$114 | 344.0 bp −$34.4K | 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 | 0.5893 | −0.098% | $234K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.200% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5899 | +0.009% | $417K | $2.5M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5896 | −0.046% | $21K | $418K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5898 | −0.004% | $69K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5914 | +0.252% | $34K | $335K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5906 | +0.118% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5900 | +0.025% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5903 | +0.071% | $25K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5931 | +0.547% | $64K | $512K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5902 | +0.055% | $1.6M | $3.2M | 20x | as long as short |
| Gate PONS_USDT | +0.0134% | 4h | 0.5900 | +0.021% | $5.2M | $6.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5897 | −0.038% | $367 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0252% | 1h | 0.5901 | +0.043% | $59.8M | $29.0M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0359% | 4h | 0.5886 | −0.216% | $13.4M | $54.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0478% | 4h | 0.5893 | −0.095% | $1.1M | $2.2M | 20x | as long as short |
| Variational Omni PONS | +0.0551% | 4h | 0.5915 | +0.277% | $1.4M | $4.1M | — | as long as short |
| Bitget PONSUSDT | +0.0556% | 4h | 0.5893 | −0.104% | $4.7M | $11.8M | 20x | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.5898 | −0.004% | $106K | $807K | 5x | as long as short |
| Binance PONSUSDT | +0.0603% | 4h | 0.5895 | −0.063% | $38.5M | $94.7M | 20x | as long as short |
| MEXC PONS_USDTshort | +0.0608% | 4h | 0.5896 | −0.046% | $7.5M | $4.7M | 20x | |
| edgeX PONSUSDC | +0.0627% | 4h | 0.5923 | +0.416% | $20K | $294K | 10x | as long as short |
| Lighter PONS | +0.0632% | 1h | 0.5904 | +0.089% | $1.6M | $886K | 3x | as long as short |
| Pacifica PONSlong | +0.0715% | 1h | 0.5899 | long leg | $46K | $68K | 3x | |
| KuCoin PONSUSDTM | +0.0730% | 4h | 0.5900 | +0.018% | $1.6M | $3.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0780% | 1h | 0.5895 | −0.063% | $87K | $1.7M | 3x | as long as short |
| Bybit PONSUSDT | +0.0805% | 4h | 0.5891 | −0.131% | $17.6M | $31.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0808% | 4h | 0.5894 | −0.080% | — | $3.0M | — | as long as short |
| BloFin PONS-USDT | +0.0848% | 4h | 0.5919 | +0.343% | $1.7M | $943K | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5922 | +0.388% | $45K | $121K | 3x | as long as short |
Phemex PONSUSDT
Gate PONS_USDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Variational Omni PONS
Bitget PONSUSDT
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
Lighter PONS
KuCoin PONSUSDTM
Polymarket Perps PONS-USD
Bybit PONSUSDT
BingX PONS-USDT
BloFin PONS-USDT
Phoenix PONS