Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0117%/8h= +12.9% APRpaid last 24h +0.023%

Price spread now: Pacifica against MEXC−0.038%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 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

Funding pays, the price is against you. Pacifica is 0.038% cheaper against MEXC than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5886	0.0598	pay 0.0299% / 4h	2h 31m	$7.4M	$4.7M	20x
Short	Pacifica PONS	0.5884	0.0715	get 0.0089% / 1h	31m 28s	$46K	$68K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now −0.038%Rate

Funding earned: $24.66
Price spread: −0.038% → 0.000%: −$3.79
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $12.87
Costs to cover: 0.080%
Break-even: 3.3 days

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.85 bp	2.7 bp −$3	10.2 bp −$102	336.1 bp −$33.6K	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	0.5873	−0.229%	$233K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.419%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5883	−0.056%	$411K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5888	+0.034%	$21K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5890	+0.075%	$69K	$130K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5885	−0.017%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5873	−0.214%	$29K	$332K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5884	−0.042%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5876	−0.170%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5878	−0.127%	$25K	$547K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5901	+0.258%	$64K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5886	0.000%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0227%	1h	0.5887	+0.008%	$60.0M	$29.2M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5877	−0.144%	$366	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0370%	4h	0.5887	+0.017%	$13.3M	$54.5M	20x	as long as short
Aster PONSUSDT	+0.0471%	4h	0.5880	−0.100%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0568%	1h	0.5886	−0.007%	$1.6M	$887K	3x	as long as short
Bitget PONSUSDT	+0.0570%	4h	0.5891	+0.078%	$4.6M	$11.9M	20x	as long as short
Variational Omni PONS	+0.0576%	4h	0.5912	+0.443%	$1.4M	$4.1M	—	as long as short
MEXC PONS_USDTlong	+0.0598%	4h	0.5886	long leg	$7.4M	$4.7M	20x
Binance PONSUSDT	+0.0599%	4h	0.5889	+0.056%	$38.4M	$94.9M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.5883	−0.056%	$100K	$812K	5x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.5885	−0.024%	$20K	$296K	10x	as long as short
Pacifica PONSshort	+0.0715%	1h	0.5884	−0.038%	$46K	$68K	3x
KuCoin PONSUSDTM	+0.0738%	4h	0.5883	−0.053%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0790%	4h	0.5893	+0.119%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0793%	1h	0.5887	+0.015%	$110K	$1.7M	3x	as long as short
BloFin PONS-USDT	+0.0848%	4h	0.5880	−0.102%	$1.7M	$938K	20x	as long as short
Bybit PONSUSDT	+0.0883%	4h	0.5887	+0.017%	$17.6M	$31.1M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5935	+0.839%	$45K	$121K	3x	as long as short