PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h +0.059%

Price spread now: Polymarket Perps against Pacifica−0.016%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)−2.543%−$254 · spread now −0.016%, 7d avg −0.048%

Together, before fees−2.392%+ Points / potential airdropPacifica: Active · farm board−$239 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.033% dearer against Pacifica than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.048%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. Mind the row above: over the last 7 days funding on this pair paid +0.151%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.5910	0.0474	pay 0.0059% / 1h	14m 58s	$47K	$103K	3x
Short	Polymarket Perps PONS-USD	0.5909	0.0370	get 0.0046% / 1h	14m 58s	$37K	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$21.74
Price spread: −0.016% → −0.048%: $3.29
Slippage, 4 orders: −$30.52
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$64.97
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from Pacifica: live order book, 7 min ago; Polymarket Perps: live order book, 4 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, 7 min ago	6.26 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.54 bp	6.5 bp −$7	6.9 bp −$69	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	0.5902	−0.122%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.171%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5909	−0.009%	$21K	$444K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5899	−0.178%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5900	−0.161%	$13.4M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5904	−0.090%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5909	−0.010%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	−0.073%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5907	−0.043%	$34K	$335K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5917	+0.123%	$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	0.5910	+0.015%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5909	−0.004%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5906	−0.060%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5900	−0.161%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0102%	1h	0.5910	+0.008%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5910	+0.006%	$368	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5905	−0.074%	$106K	$533K	5x	as long as short
MEXC PONS_USDT	+0.0176%	4h	0.5907	−0.043%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0178%	4h	0.5902	−0.127%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0180%	4h	0.5902	−0.127%	$38.4M	$98.3M	20x	as long as short
Aster PONSUSDT	+0.0188%	4h	0.5903	−0.106%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0197%	4h	0.5908	−0.020%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USDshort	+0.0370%	1h	0.5909	−0.016%	$37K	$1.8M	3x
BloFin PONS-USDT	+0.0420%	4h	0.5913	+0.059%	$1.7M	$967K	20x	as long as short
Pacifica PONSlong	+0.0474%	1h	0.5910	long leg	$47K	$103K	3x
Hyperliquid PONS	+0.0494%	1h	0.5911	+0.020%	$59.2M	$30.1M	3x	as long as short
Lighter RH PONS	+0.0600%	1h	0.5909	−0.010%	$416K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0784%	4h	0.5903	−0.110%	$5.2M	$6.8M	20x	as long as short
Lighter PONS	+0.1016%	1h	0.5912	+0.045%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5911	+0.018%	$30K	$86K	3x	as long as short