Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h +0.089%

Price spread now: Pacifica against Aster−0.066%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.300%+$30 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.066% cheaper against Aster than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.300% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6378	0.0548	pay 0.0274% / 4h	1h 57m	$1.2M	$2.2M	20x
Short	Pacifica PONS	0.6374	0.0616	get 0.0077% / 1h	57m 38s	$47K	$76K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now −0.066%Rate

Funding earned: $14.33
Price spread: −0.066% → 0.000%: −$6.62
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$8.28
Costs to cover: 0.160%
Break-even: 11.0 days

Slippage unknown: Aster: live order book, 4 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 Aster live order book, 4 min ago	2.91 bp	11.0 bp −$11	39.1 bp −$391	doesn't fit	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 exchanges

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	0.6365	−0.215%	$250K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.896%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6378	−0.005%	$24K	$405K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6362	−0.257%	$32K	$279K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6382	+0.056%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6383	+0.072%	—	$899K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6373	−0.088%	$27K	$636K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6375	−0.047%	$67K	$537K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6372	−0.099%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0181%	1h	0.6381	+0.042%	$77K	$105K	5x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	0.6376	−0.036%	$397	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0405%	4h	0.6370	−0.130%	$14.5M	$60.5M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.6371	−0.107%	$1.8M	$4.3M	20x	as long as short
Aster PONSUSDTlong	+0.0548%	4h	0.6378	long leg	$1.2M	$2.2M	20x
Lighter RH PONS	+0.0600%	1h	0.6377	−0.029%	$451K	$2.6M	3x	as long as short
Pacifica PONSshort	+0.0616%	1h	0.6374	−0.066%	$47K	$76K	3x
Polymarket Perps PONS-USD	+0.0661%	1h	0.6374	−0.071%	$75K	$2.1M	3x	as long as short
Variational Omni PONS	+0.0662%	4h	0.6340	−0.601%	$1.6M	$4.3M	—	as long as short
MEXC PONS_USDT	+0.0678%	4h	0.6377	−0.021%	$7.9M	$4.5M	20x	as long as short
Binance PONSUSDT	+0.0679%	4h	0.6377	−0.025%	$41.8M	$101.3M	20x	as long as short
edgeX PONSUSDC	+0.0679%	4h	0.6348	−0.470%	$19K	$294K	10x	as long as short
Extended PONS-USD	+0.0680%	1h	0.6374	−0.069%	$184K	$881K	5x	as long as short
Hyperliquid PONS	+0.0694%	1h	0.6375	−0.044%	$65.5M	$31.1M	3x	as long as short
Bitget PONSUSDT	+0.0764%	4h	0.6375	−0.047%	$5.1M	$13.6M	20x	as long as short
BingX PONS-USDT	+0.0794%	4h	0.6364	−0.225%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0845%	4h	0.6371	−0.115%	$19.3M	$32.6M	20x	as long as short
Gate PONS_USDT	+0.0880%	4h	0.6367	−0.178%	$5.5M	$6.4M	20x	as long as short
BloFin PONS-USDT	+0.0916%	4h	0.6346	−0.507%	$1.9M	$1.1M	20x	as long as short
Lighter PONS	+0.1208%	1h	0.6380	+0.026%	$1.8M	$852K	3x	as long as short
Phoenix PONS	+0.1668%	1h	0.6353	−0.402%	$48K	$162K	3x	as long as short