PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0505%/8h= −55.3% APRnext payment −$0.63 per $10,000 · paid last 24h −0.281%

Price spread now: Pacifica against Phoenix+0.076%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−1.644%−$164 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. Pacifica is 0.076% dearer against Phoenix than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PONS	0.6028	0.1586	pay 0.0198% / 1h	33m 21s	$46K	$109K	3x
Short	Pacifica PONS	0.6033	0.1081	get 0.0135% / 1h	33m 21s	$47K	$67K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Phoenix. 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 PhoenixbpFee PacificabpOrdersPrice spread, now +0.076%Rate

Funding earned: −$105.98
Price spread: +0.076% → 0.000%: $7.65
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$113.33
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 12 min ago; Pacifica: 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 Phoenix live order book, 12 min ago	3.66 bp	17.7 bp −$18	56.1 bp −$561	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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	0.6034	+0.097%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.979%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6041	+0.207%	$21K	$416K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6038	+0.152%	$71K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6023	−0.093%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6049	+0.333%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6040	+0.199%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6040	+0.199%	$26K	$531K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6058	+0.489%	$66K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6040	+0.191%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0144%	1h	0.6027	−0.025%	$410K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6041	+0.202%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0344%	4h	0.6045	+0.274%	$13.7M	$55.3M	20x	as long as short
Variational Omni PONS	+0.0398%	4h	0.6017	−0.183%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0498%	1h	0.6041	+0.209%	$61.8M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0509%	4h	0.6029	+0.010%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0516%	4h	0.6048	+0.330%	$4.6M	$11.5M	20x	as long as short
Lighter PONS	+0.0552%	1h	0.6042	+0.224%	$1.7M	$892K	3x	as long as short
Gate PONS_USDT	+0.0566%	4h	0.6028	−0.008%	$5.3M	$6.2M	20x	as long as short
MEXC PONS_USDT	+0.0620%	4h	0.6045	+0.274%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0623%	4h	0.6048	+0.323%	$39.6M	$94.3M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.6047	+0.306%	$108K	$808K	5x	as long as short
edgeX PONSUSDC	+0.0627%	4h	0.6032	+0.055%	$18K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0688%	1h	0.6041	+0.212%	$74K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0738%	4h	0.6037	+0.136%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0808%	4h	0.6047	+0.307%	—	$2.9M	—	as long as short
BloFin PONS-USDT	+0.0863%	4h	0.6031	+0.041%	$1.7M	$966K	20x	as long as short
Pacifica PONSshort	+0.1081%	1h	0.6033	+0.076%	$47K	$67K	3x
Bybit PONSUSDT	+0.1120%	4h	0.6047	+0.307%	$18.1M	$30.5M	20x	as long as short
Phoenix PONSlong	+0.1586%	1h	0.6028	long leg	$46K	$109K	3x