Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0565%/8h= −61.8% APRpaid last 24h −0.091%

Price spread now: HTX against Pacifica+0.111%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.384%−$38 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

The price spread pays, funding is against you. HTX is 0.111% dearer against Pacifica than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.384% in total) that is about 2.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.384% in total (about -20.0% 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	Pacifica PONS	0.6126	0.0665	pay 0.0083% / 1h	28m 04s	$48K	$78K	3x
Short	HTX PONS-USDT	0.6133	0.0100	get 0.0050% / 4h	3h 28m	$65K	$511K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$118.57
Price spread: +0.111% → 0.000%: $11.1
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$127.47
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; HTX: live order book, 45 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell HTX live order book, 45 min ago	27.26 bp	165.6 bp −$166	1530.7 bp −$15.3K	doesn't fit	doesn't fit

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	0.6118	−0.132%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.553%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6128	+0.041%	$433K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6129	+0.051%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	−0.348%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6102	−0.390%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6135	+0.145%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6130	+0.070%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6127	+0.020%	$28K	$547K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6133	+0.111%	$65K	$511K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6120	−0.096%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6130	+0.067%	$382	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0172%	4h	0.6128	+0.034%	$14.0M	$57.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0190%	4h	0.6129	+0.051%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0242%	4h	0.6130	+0.065%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0268%	4h	0.6129	+0.049%	$1.1M	$2.1M	20x	as long as short
edgeX PONSUSDC	+0.0344%	4h	0.6106	−0.325%	$21K	$294K	10x	as long as short
MEXC PONS_USDT	+0.0352%	4h	0.6132	+0.100%	$8.0M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0358%	4h	0.6130	+0.067%	$40.2M	$96.8M	20x	as long as short
Extended PONS-USD	+0.0360%	1h	0.6129	+0.045%	$253K	$679K	5x	as long as short
Lighter PONS	+0.0504%	1h	0.6129	+0.051%	$1.7M	$931K	3x	as long as short
BloFin PONS-USDT	+0.0593%	4h	0.6107	−0.309%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0612%	1h	0.6124	−0.034%	$106K	$115K	5x	as long as short
Pacifica PONSlong	+0.0665%	1h	0.6126	long leg	$48K	$78K	3x
BingX PONS-USDT	+0.0668%	4h	0.6130	+0.067%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0712%	4h	0.6128	+0.034%	$18.4M	$30.9M	20x	as long as short
Polymarket Perps PONS-USD	+0.0778%	1h	0.6128	+0.038%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0901%	1h	0.6129	+0.046%	$62.3M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.1058%	4h	0.6120	−0.096%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6110	−0.263%	$32K	$113K	3x	as long as short