Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h +0.089%

Price spread now: Pacifica against HTX−0.372%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$346as in the Price arb table

costs, in and out, $10k−$3113.108% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.366%+$37 on $10k

Price spread, last 3 days (all we have)+0.360%+$36 · spread now −0.372%, 7d avg −0.022%

Together, before fees+0.726%+ Points / potential airdropPacifica: Active · farm board+$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.350% cheaper against HTX than usual: you would sell low and buy high (spread −0.372% now, against its 7-day average of −0.022%). If the spread goes back, that is −$35 on $10k: about 24 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.366% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5904	0.0100	pay 0.0050% / 4h	10m 57s	$63K	$504K	20x
Short	Pacifica PONS	0.5882	0.0150	get 0.0019% / 1h	10m 57s	$47K	$111K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now −0.372%Rate

Funding earned: $10.4
Price spread: −0.372% → −0.022%: −$34.96
Slippage, 4 orders: −$290.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$335.4
Costs to cover: 3.108%
Break-even: 232.8 days

Slippage from HTX: live order book, 22 min ago; Pacifica: live order book, 20 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 HTX live order book, 22 min ago	27.53 bp	100.8 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 21 min ago	9.17 bp	21.5 bp −$21	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
Gate PONS_USDT	−0.0192%	4h	0.5886	−0.305%	$5.2M	$7.2M	20x	as long as short
Injective PONS/USDC PERP	−0.0008%	1h	0.5863	−0.696%	$603	$6K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	0.5877	−0.463%	$211K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5883	−0.356%	$20K	$494K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5885	−0.326%	$73K	$95K	5x	as long as short
Hyperliquid PONS	+0.0100%	1h	0.5884	−0.340%	$58.3M	$30.0M	3x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5881	−0.390%	$17.5M	$31.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5882	−0.373%	$13.2M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5885	−0.317%	$1.8M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5886	−0.312%	$4.6M	$11.5M	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	+0.0100%	4h	0.5856	−0.810%	$1.2M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5894	−0.166%	$34K	$315K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5889	−0.252%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5886	−0.312%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5883	−0.362%	$27K	$533K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5904	long leg	$63K	$504K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5880	−0.407%	$1.7M	$3.3M	20x	as long as short
Lighter RH PONS	+0.0120%	1h	0.5885	−0.322%	$395K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5885	−0.322%	$367	—	3x	as long as short
Pacifica PONSshort	+0.0150%	1h	0.5882	−0.372%	$47K	$111K	3x
Extended PONS-USD	+0.0192%	1h	0.5883	−0.355%	$88K	$537K	5x	as long as short
Aster PONSUSDT	+0.0193%	4h	0.5883	−0.352%	$1.1M	$2.1M	20x	as long as short
Binance PONSUSDT	+0.0194%	4h	0.5885	−0.325%	$38.1M	$99.2M	20x	as long as short
MEXC PONS_USDT	+0.0194%	4h	0.5884	−0.339%	$7.3M	$5.3M	20x	as long as short
BingX PONS-USDT	+0.0194%	4h	0.5886	−0.305%	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0199%	4h	0.5890	−0.245%	$21K	$291K	10x	as long as short
Polymarket Perps PONS-USD	+0.0256%	1h	0.5884	−0.346%	$54K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0434%	4h	0.5888	−0.271%	$1.6M	$978K	20x	as long as short
Lighter PONS	+0.0872%	1h	0.5890	−0.237%	$1.7M	$875K	3x	as long as short
Phoenix PONS	+0.1244%	1h	0.5884	−0.335%	$27K	$80K	3x	as long as short