PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0063%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.087%

Price spread now: Hyperliquid against Pacifica+0.115%7-day average +0.011% · you sell dearer than you buy

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

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.115%, 7d avg +0.011%

Together, before fees−0.162%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.104% dearer against Pacifica than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.011%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.6078	0.0899	pay 0.0112% / 1h	6m 03s	$48K	$96K	3x
Short	Hyperliquid PONS	0.6085	0.0835	get 0.0104% / 1h	6m 03s	$61.9M	$29.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$13.33
Price spread: +0.115% → +0.011%: $10.41
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	0.08 bp	10.9 bp −$11	doesn't fit	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.787%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6072	−0.102%	$240K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6077	−0.018%	$425K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6078	−0.002%	$20K	$422K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6084	+0.097%	$18.3M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6082	+0.064%	$13.9M	$57.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6076	−0.040%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6095	+0.281%	$32K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6083	+0.077%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6079	+0.008%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6080	+0.036%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6102	+0.401%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6086	+0.130%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0122%	4h	0.6077	−0.023%	$1.7M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0143%	4h	0.6075	−0.046%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6080	+0.030%	$379	—	3x	as long as short
Bitget PONSUSDT	+0.0160%	4h	0.6087	+0.148%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0198%	1h	0.6081	+0.048%	$105K	$116K	5x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6084	+0.099%	$252K	$682K	5x	as long as short
Binance PONSUSDT	+0.0297%	4h	0.6085	+0.118%	$39.9M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0298%	4h	0.6076	−0.035%	$8.0M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6086	+0.130%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0308%	4h	0.6090	+0.194%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0328%	1h	0.6078	−0.002%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0538%	4h	0.6089	+0.179%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0643%	1h	0.6077	−0.016%	$42K	$1.7M	3x	as long as short
Hyperliquid PONSshort	+0.0835%	1h	0.6085	+0.115%	$61.9M	$29.9M	3x
Pacifica PONSlong	+0.0899%	1h	0.6078	long leg	$48K	$96K	3x
Phoenix PONS	+0.1307%	1h	0.6092	+0.225%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2240%	4h	0.6078	−0.002%	$5.3M	$6.3M	20x	as long as short