PONS

Alert

Funding spread now, next payment 15:00 UTC−0.0444%/8h

next payment, per $10,000−$0.55paid, last 24h+0.074%paid, last 7 days+0.152%to open and close $10k−$54

Long on Pacifica Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 per $10,000. 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	0.6359	0.0858	pay 0.0107% / 1h	51m 27s	$49K	$165K	3x
Short	Polymarket Perps PONS-USD	0.6360	0.0414	get 0.0052% / 1h	51m 27s	$65K	$1.7M	3x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee Polymarket PerpsbpOrdersRate

Funding earned: −$93.21
Slippage, 4 orders: −$37.76
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$146.97
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Polymarket Perps: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.016%
Avg gap 7d: −0.061%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 live order book, 3 min ago	9.11 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.05 bp	6.4 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni PONSUSDT	−0.0276%	1h	$40K	$319K	5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$226K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$15K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$470K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$2K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$462K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$67K	$491K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0240%	4h	$15.3M	$56.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0256%	1h	$395	—	3x	as long as short
Aster PONSUSDT	+0.0410%	4h	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USDshort	+0.0414%	1h	$65K	$1.7M	3x
Lighter RH PONS	+0.0512%	1h	$456K	$2.2M	3x	as long as short
Nado PONS-PERP	+0.0538%	1h	$117K	$67K	5x	as long as short
Variational Omni PONS	+0.0562%	4h	$1.8M	$3.3M	—	as long as short
KuCoin PONSUSDTM	+0.0580%	4h	$2.3M	$2.1M	20x	as long as short
Binance PONSUSDT	+0.0679%	4h	$42.7M	$92.4M	20x	as long as short
Bybit PONSUSDT	+0.0684%	4h	$20.2M	$26.1M	20x	as long as short
MEXC PONS_USDT	+0.0692%	4h	$8.1M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0696%	4h	$22K	$287K	10x	as long as short
Extended PONS-USD	+0.0696%	1h	$227K	$399K	5x	as long as short
BingX PONS-USDT	+0.0732%	4h	—	$2.9M	—	as long as short
Bitget PONSUSDT	+0.0760%	4h	$5.0M	$10.3M	20x	as long as short
Lighter PONS	+0.0784%	1h	$1.8M	$727K	3x	as long as short
Pacifica PONSlong	+0.0858%	1h	$49K	$165K	3x
BloFin PONS-USDT	+0.0932%	4h	$1.9M	$902K	20x	as long as short
Hyperliquid PONS	+0.1045%	1h	$64.5M	$25.3M	3x	as long as short
Gate PONS_USDT	+0.1250%	4h	$5.7M	$7.0M	20x	as long as short
Phoenix PONS	+0.1767%	1h	$26K	$45K	3x	as long as short