Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0393%/8h= +43.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against Bitget−0.147%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 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

Funding pays, the price is against you. Pacifica is 0.147% cheaper against Bitget than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 30 hours of funding at the current rate (+$12 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% 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	Bitget PONSUSDT	0.6140	0.0272	pay 0.0136% / 4h	3h 12m	$4.8M	$11.4M	20x
Short	Pacifica PONS	0.6131	0.0665	get 0.0083% / 1h	12m 55s	$48K	$78K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now −0.147%Rate

Funding earned: $82.45
Price spread: −0.147% → 0.000%: −$14.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $47.72
Costs to cover: 0.200%
Break-even: 2.9 days

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	2.12 bp	20.1 bp −$20	doesn't fit	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 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	0.6129	−0.186%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.780%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6136	−0.068%	$21K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6089	−0.841%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6098	−0.681%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6146	+0.093%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6133	−0.124%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6139	−0.020%	$27K	$543K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6146	+0.086%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6138	−0.036%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0160%	1h	0.6138	−0.036%	$434K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6141	+0.021%	$383	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0199%	4h	0.6134	−0.101%	$14.0M	$56.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0208%	4h	0.6137	−0.057%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDTlong	+0.0272%	4h	0.6140	long leg	$4.8M	$11.4M	20x
Aster PONSUSDT	+0.0307%	4h	0.6132	−0.125%	$1.1M	$2.1M	20x	as long as short
Extended PONS-USD	+0.0376%	1h	0.6138	−0.042%	$253K	$678K	5x	as long as short
MEXC PONS_USDT	+0.0376%	4h	0.6141	+0.013%	$8.0M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0377%	4h	0.6139	−0.020%	$40.3M	$96.3M	20x	as long as short
edgeX PONSUSDC	+0.0381%	4h	0.6107	−0.548%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0496%	1h	0.6136	−0.075%	$1.7M	$939K	3x	as long as short
BingX PONS-USDT	+0.0560%	4h	0.6140	−0.003%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0599%	4h	0.6134	−0.101%	$18.4M	$30.8M	20x	as long as short
Nado PONS-PERP	+0.0604%	1h	0.6130	−0.159%	$106K	$115K	5x	as long as short
BloFin PONS-USDT	+0.0617%	4h	0.6132	−0.134%	$1.8M	$997K	20x	as long as short
Pacifica PONSshort	+0.0665%	1h	0.6131	−0.147%	$48K	$78K	3x
Polymarket Perps PONS-USD	+0.0786%	1h	0.6134	−0.096%	$45K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0874%	1h	0.6139	−0.011%	$62.4M	$29.1M	3x	as long as short
Gate PONS_USDT	+0.0974%	4h	0.6125	−0.248%	$5.4M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6094	−0.757%	$32K	$113K	3x	as long as short