PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0802%/8h= +87.8% APRnext payment +$1.00 per $10,000 · paid last 24h +0.316%

Price spread now: Phoenix against Pacifica+0.294%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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+1.661%+$166 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 for this trade now. Funding pays +$24 a day on $10k at the current rate, and Phoenix is 0.294% dearer against Pacifica than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.5893	0.0474	pay 0.0059% / 1h	12m 59s	$47K	$103K	3x
Short	Phoenix PONS	0.5911	0.1275	get 0.0159% / 1h	12m 59s	$30K	$86K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.294%Rate

Funding earned: $168.34
Price spread: +0.294% → 0.000%: $29.42
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $182.77
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 9 min ago; Phoenix: 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 live order book, 9 min ago	6.26 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 +0.0032% / S −0.0034%	1h	0.5879	−0.233%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.447%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5887	−0.106%	$21K	$443K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5876	−0.293%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5877	−0.276%	$13.4M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5879	−0.249%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5880	−0.225%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	+0.203%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5909	+0.269%	$34K	$336K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5884	−0.157%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5900	+0.119%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5879	−0.247%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5899	+0.092%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5875	−0.310%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0103%	1h	0.5892	−0.021%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5883	−0.171%	$367	—	3x	as long as short
BingX PONS-USDT	+0.0178%	4h	0.5875	−0.310%	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.0180%	4h	0.5879	−0.241%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5876	−0.293%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5876	−0.288%	$38.2M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5878	−0.266%	$106K	$533K	5x	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5909	+0.260%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0364%	1h	0.5886	−0.118%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0422%	4h	0.5890	−0.055%	$1.7M	$964K	20x	as long as short
Pacifica PONSlong	+0.0474%	1h	0.5893	long leg	$47K	$103K	3x
Hyperliquid PONS	+0.0487%	1h	0.5884	−0.166%	$59.0M	$30.1M	3x	as long as short
Lighter RH PONS	+0.0560%	1h	0.5880	−0.223%	$413K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0784%	4h	0.5877	−0.276%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.1008%	1h	0.5884	−0.164%	$1.7M	$889K	3x	as long as short
Phoenix PONSshort	+0.1275%	1h	0.5911	+0.294%	$30K	$86K	3x