PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0799%/8h= +87.4% APRnext payment +$1.00 per $10,000 · paid last 24h +0.089%

Price spread now: Pacifica against SoDEX−0.050%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1561.560% of the position

Long on SoDEX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.324%+$32 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now −0.050%, 7d avg −0.009%

Together, before fees+0.083%+ Points / potential airdropPacifica: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.042% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.009%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$24 a day). At the pace of the last 3 days (+0.324% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.6089	0.0100	pay 0.0013% / 1h	55m 26s	$28K	$548K	3x
Short	Pacifica PONS	0.6086	0.0899	get 0.0112% / 1h	55m 26s	$48K	$96K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SoDEX. 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 SoDEXbpFee PacificabpOrdersPrice spread, now −0.050%Rate

Funding earned: $167.7
Price spread: −0.050% → −0.009%: −$4.16
Slippage, 4 orders: −$140
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $7.54
Costs to cover: 1.560%
Break-even: 6.7 days

Slippage from SoDEX: live order book, 23 min ago; Pacifica: live order book, 87 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 SoDEX live order book, 23 min ago	1.67 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 87 min ago	6.26 bp	16.8 bp −$17	doesn't fit	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.956%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6079	−0.158%	$229K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6079	−0.158%	$21K	$450K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6090	+0.023%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6103	+0.237%	$18.4M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6099	+0.171%	$13.8M	$58.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6087	−0.026%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6093	+0.075%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6091	+0.039%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6092	+0.059%	$3K	$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	0.6094	+0.084%	—	$1.4M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.6089	long leg	$28K	$548K	3x
HTX PONS-USDT	+0.0100%	4h	0.6092	+0.062%	$65K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6079	−0.158%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0110%	4h	0.6102	+0.217%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	0.6089	+0.011%	$379	—	3x	as long as short
Lighter RH PONS	+0.0152%	1h	0.6089	−0.002%	$429K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0174%	4h	0.6083	−0.098%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0216%	1h	0.6089	+0.005%	$1.7M	$921K	3x	as long as short
Extended PONS-USD	+0.0248%	1h	0.6086	−0.041%	$251K	$680K	5x	as long as short
MEXC PONS_USDT	+0.0250%	4h	0.6098	+0.154%	$8.1M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0250%	4h	0.6092	+0.057%	$39.7M	$98.7M	20x	as long as short
BingX PONS-USDT	+0.0252%	4h	0.6083	−0.092%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0256%	4h	0.6092	+0.050%	$21K	$292K	10x	as long as short
BloFin PONS-USDT	+0.0489%	4h	0.6098	+0.154%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0761%	1h	0.6107	+0.304%	$40K	$1.7M	3x	as long as short
Pacifica PONSshort	+0.0899%	1h	0.6086	−0.050%	$48K	$96K	3x
Hyperliquid PONS	+0.0962%	1h	0.6104	+0.255%	$62.1M	$30.7M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6092	+0.057%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.1796%	4h	0.6085	−0.059%	$5.3M	$6.2M	20x	as long as short