Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0753%/8h= −82.4% APRpaid last 24h −0.140%

Price spread now: SunX against Pacifica−0.024%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.447%−$45 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 against this trade now: funding costs −$23 a day on $10k at the current rate, and SunX is 0.024% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.447% in total (about -23.3% 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	0.6221	0.0853	pay 0.0107% / 1h	37m 54s	$47K	$77K	3x
Short	SunX PONS-USDT	0.6220	0.0100	get 0.0050% / 4h	3h 37m	—	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$158.05
Price spread: −0.024% → 0.000%: −$2.43
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$176.48
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago	104.47 bp	124.2 bp −$124	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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0030%	1h	0.6214	−0.118%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.546%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6223	+0.027%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6221	−0.009%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6196	−0.412%	$31K	$293K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6221	−0.005%	$73K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6226	+0.079%	$2K	$4K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6220	−0.024%	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6224	+0.050%	$26K	$618K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6230	+0.136%	$66K	$527K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6226	+0.075%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6224	+0.044%	$388	—	3x	as long as short
Hyperliquid PONS	+0.0318%	1h	0.6223	+0.022%	$63.7M	$30.6M	3x	as long as short
Lighter RH PONS	+0.0368%	1h	0.6227	+0.088%	$421K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0396%	4h	0.6224	+0.043%	$14.3M	$61.1M	20x	as long as short
Aster PONSUSDT	+0.0436%	4h	0.6221	+0.001%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0468%	4h	0.6226	+0.079%	$1.6M	$4.0M	20x	as long as short
Variational Omni PONS	+0.0556%	4h	0.6213	−0.126%	$1.5M	$4.4M	—	as long as short
Extended PONS-USD	+0.0632%	1h	0.6227	+0.098%	$104K	$828K	5x	as long as short
MEXC PONS_USDT	+0.0632%	4h	0.6225	+0.059%	$7.9M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0635%	4h	0.6229	+0.124%	$40.7M	$104.2M	20x	as long as short
edgeX PONSUSDC	+0.0639%	4h	0.6212	−0.154%	$20K	$291K	10x	as long as short
Bitget PONSUSDT	+0.0708%	4h	0.6228	+0.114%	$4.9M	$13.2M	20x	as long as short
Lighter PONS	+0.0752%	1h	0.6225	+0.054%	$1.7M	$867K	3x	as long as short
Gate PONS_USDT	+0.0816%	4h	0.6214	−0.117%	$5.4M	$6.3M	20x	as long as short
Pacifica PONSlong	+0.0853%	1h	0.6221	long leg	$47K	$77K	3x
BloFin PONS-USDT	+0.0873%	4h	0.6219	−0.037%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.1104%	4h	0.6221	−0.005%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.1169%	4h	0.6224	+0.043%	$18.8M	$33.1M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6199	−0.367%	$47K	$159K	3x	as long as short