Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0481%/8h= −52.7% APRpaid last 24h −0.061%

Price spread now: OKX against Pacifica+0.235%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 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. OKX is 0.235% dearer against Pacifica than usual: you sell high and buy low (spread +0.235% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.111% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.6069	0.0665	pay 0.0083% / 1h	18m 24s	$48K	$78K	3x
Short	OKX PONS-USDT-SWAP	0.6083	0.0183	get 0.0092% / 4h	3h 18m	$13.9M	$56.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.235%Rate

Funding earned: −$101.06
Price spread: +0.235% → 0.000%: $23.5
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.56
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; OKX: 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 OKX live order book, 5 min ago	0.82 bp	10.0 bp −$10	31.5 bp −$315	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 −0.0033%	1h	0.6074	+0.085%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.635%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6070	+0.026%	$428K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.087%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	+0.218%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6093	+0.406%	$33K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6079	+0.171%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6089	+0.340%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6084	+0.250%	$28K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6097	+0.464%	$65K	$510K	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	0.6066	−0.045%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6077	+0.139%	$379	—	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0183%	4h	0.6083	+0.235%	$13.9M	$56.4M	20x
KuCoin PONSUSDTM	+0.0192%	4h	0.6066	−0.053%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0258%	4h	0.6087	+0.293%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0272%	4h	0.6071	+0.041%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0354%	4h	0.6077	+0.136%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0360%	1h	0.6079	+0.177%	$252K	$678K	5x	as long as short
Binance PONSUSDT	+0.0360%	4h	0.6075	+0.104%	$39.9M	$96.3M	20x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6082	+0.215%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0384%	1h	0.6072	+0.054%	$1.7M	$933K	3x	as long as short
BloFin PONS-USDT	+0.0595%	4h	0.6077	+0.136%	$1.8M	$997K	20x	as long as short
Bybit PONSUSDT	+0.0607%	4h	0.6084	+0.251%	$18.3M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0612%	4h	0.6087	+0.301%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0618%	1h	0.6072	+0.049%	$105K	$115K	5x	as long as short
Pacifica PONSlong	+0.0665%	1h	0.6069	long leg	$48K	$78K	3x
Gate PONS_USDT	+0.0758%	4h	0.6074	+0.087%	$5.3M	$6.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0767%	1h	0.6075	+0.108%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0872%	1h	0.6081	+0.209%	$61.9M	$29.1M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6095	+0.426%	$32K	$113K	3x	as long as short