Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0421%/8h= +46.1% APRpaid last 24h +0.028%

Price spread now: Pacifica against KuCoin+0.061%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 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 +$13 a day on $10k at the current rate, and Pacifica is 0.061% dearer against KuCoin 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 0.137% in total (about 7.2% 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	KuCoin PONSUSDTM	0.5990	0.0334	pay 0.0167% / 4h	1h 54m	$1.7M	$3.6M	20x
Short	Pacifica PONS	0.5994	0.0755	get 0.0094% / 1h	54m 15s	$47K	$72K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now +0.061%Rate

Funding earned: $88.49
Price spread: +0.061% → 0.000%: $6.09
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $74.58
Costs to cover: 0.200%
Break-even: 1.1 days

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	2.58 bp	31.5 bp −$31	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 29 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	0.5982	−0.141%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.342%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5989	−0.017%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6029	+0.643%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5990	+0.007%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5994	+0.073%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5993	+0.047%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5996	+0.092%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6000	+0.175%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5997	+0.117%	$1.6M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0112%	1h	0.5992	+0.032%	$420K	$2.5M	3x	as long as short
Lighter PONS	+0.0120%	1h	0.5992	+0.032%	$1.7M	$871K	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.5995	+0.082%	$373	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0267%	4h	0.5993	+0.050%	$13.7M	$54.0M	20x	as long as short
Nado PONS-PERP	+0.0310%	1h	0.5991	+0.017%	$70K	$131K	5x	as long as short
KuCoin PONSUSDTMlong	+0.0334%	4h	0.5990	long leg	$1.7M	$3.6M	20x
Bitget PONSUSDT	+0.0378%	4h	0.5996	+0.100%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0413%	4h	0.5989	−0.025%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDT	+0.0446%	4h	0.5994	+0.067%	$7.6M	$4.6M	20x	as long as short
Extended PONS-USD	+0.0456%	1h	0.5993	+0.042%	$248K	$670K	5x	as long as short
Binance PONSUSDT	+0.0458%	4h	0.5995	+0.083%	$39.2M	$93.6M	20x	as long as short
edgeX PONSUSDC	+0.0471%	4h	0.6005	+0.247%	$21K	$290K	10x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.5998	+0.134%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0508%	4h	0.5998	+0.134%	$17.9M	$30.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0660%	1h	0.5989	−0.008%	$48K	$1.5M	3x	as long as short
Hyperliquid PONS	+0.0679%	1h	0.5998	+0.135%	$61.1M	$27.7M	3x	as long as short
Pacifica PONSshort	+0.0755%	1h	0.5994	+0.061%	$47K	$72K	3x
Gate PONS_USDT	+0.0762%	4h	0.5993	+0.050%	$5.2M	$6.1M	20x	as long as short
Phoenix PONS	+0.1695%	1h	0.6002	+0.199%	$31K	$98K	3x	as long as short