Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0655%/8h= +71.8% APRpaid last 24h +0.096%

Price spread now: Pacifica against SunX+0.055%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.400%+$40 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 +$20 a day on $10k at the current rate, and Pacifica is 0.055% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.400% in total (about 20.9% 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	SunX PONS-USDT	0.5992	0.0100	pay 0.0050% / 4h	1h 18m	—	$1.3M	10x
Short	Pacifica PONS	0.5996	0.0755	get 0.0094% / 1h	18m 20s	$47K	$70K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. 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 SunXbpFee PacificabpOrdersPrice spread, now +0.055%Rate

Funding earned: $137.63
Price spread: +0.055% → 0.000%: $5.51
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $127.13
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: SunX: live order book, 6 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 SunX live order book, 6 min ago	105.82 bp	124.9 bp −$125	doesn't fit	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 −0.0033%	1h	0.5976	−0.264%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.379%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5994	+0.030%	$21K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5978	−0.237%	$5.2M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5984	−0.144%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5997	+0.075%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5992	long leg	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5990	−0.042%	$26K	$523K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6018	+0.434%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6003	+0.180%	$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
Variational Omni PONS	+0.0189%	4h	0.5977	−0.255%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0207%	1h	0.5996	+0.063%	$70K	$129K	5x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5992	−0.003%	$373	—	3x	as long as short
Lighter RH PONS	+0.0224%	1h	0.5997	+0.080%	$411K	$2.5M	3x	as long as short
Lighter PONS	+0.0272%	1h	0.5997	+0.080%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0304%	4h	0.5988	−0.070%	$13.6M	$54.5M	20x	as long as short
Bitget PONSUSDT	+0.0406%	4h	0.5995	+0.043%	$4.6M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0428%	4h	0.5993	+0.014%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0432%	4h	0.5993	+0.015%	$1.7M	$3.7M	20x	as long as short
edgeX PONSUSDC	+0.0489%	4h	0.5988	−0.063%	$18K	$293K	10x	as long as short
BingX PONS-USDT	+0.0502%	4h	0.5992	−0.003%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0504%	1h	0.5986	−0.098%	$247K	$668K	5x	as long as short
MEXC PONS_USDT	+0.0504%	4h	0.5985	−0.120%	$7.6M	$4.7M	20x	as long as short
Bybit PONSUSDT	+0.0505%	4h	0.5988	−0.070%	$17.9M	$30.5M	20x	as long as short
Binance PONSUSDT	+0.0508%	4h	0.5989	−0.057%	$39.2M	$94.0M	20x	as long as short
Hyperliquid PONS	+0.0703%	1h	0.5990	−0.028%	$61.0M	$27.6M	3x	as long as short
BloFin PONS-USDT	+0.0745%	4h	0.6008	+0.264%	$1.8M	$962K	20x	as long as short
Pacifica PONSshort	+0.0755%	1h	0.5996	+0.055%	$47K	$70K	3x
Polymarket Perps PONS-USD	+0.0806%	1h	0.5992	+0.002%	$51K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5961	−0.516%	$31K	$98K	3x	as long as short