Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.027%

Price spread now: Pacifica against edgeX−0.074%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.074% cheaper against edgeX than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 9.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.5934	0.0530	pay 0.0265% / 4h	1h 31m	$20K	$292K	10x
Short	Pacifica PONS	0.5930	0.0556	get 0.0069% / 1h	31m 07s	$45K	$68K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now −0.074%Rate

Funding earned: $5.4
Price spread: −0.074% → 0.000%: −$7.41
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$19.01
Costs to cover: 0.170%
Break-even: 31.7 days

Slippage unknown: edgeX: 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 edgeX live order book, 12 min ago	10.98 bp	19.4 bp −$19	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 −0.0032%	1h	0.5926	−0.130%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.598%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5931	−0.050%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5932	−0.034%	$22K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5938	+0.076%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5930	−0.060%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5929	−0.077%	$29K	$315K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5931	−0.056%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5934	−0.008%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5938	+0.069%	$65K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5927	−0.118%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0204%	1h	0.5935	+0.008%	$60.2M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5934	0.000%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0401%	4h	0.5934	0.000%	$13.4M	$56.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0455%	1h	0.5932	−0.039%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0466%	4h	0.5927	−0.120%	$1.1M	$2.2M	20x	as long as short
Gate PONS_USDT	+0.0474%	4h	0.5930	−0.067%	$5.3M	$6.3M	20x	as long as short
Extended PONS-USD	+0.0520%	1h	0.5933	−0.024%	$101K	$811K	5x	as long as short
Binance PONSUSDT	+0.0521%	4h	0.5936	+0.035%	$37.3M	$98.5M	20x	as long as short
MEXC PONS_USDT	+0.0522%	4h	0.5933	−0.017%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDClong	+0.0530%	4h	0.5934	long leg	$20K	$292K	10x
Pacifica PONSshort	+0.0556%	1h	0.5930	−0.074%	$45K	$68K	3x
Variational Omni PONS	+0.0595%	4h	0.5908	−0.430%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0628%	4h	0.5933	−0.012%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5935	+0.014%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0706%	4h	0.5933	−0.017%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0728%	4h	0.5932	−0.034%	$17.6M	$31.4M	20x	as long as short
BloFin PONS-USDT	+0.0761%	4h	0.5929	−0.084%	$1.6M	$945K	20x	as long as short
Lighter PONS	+0.0776%	1h	0.5934	−0.003%	$1.6M	$830K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5924	−0.175%	$45K	$127K	3x	as long as short