Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0759%/8h= +83.1% APRpaid last 24h −0.011%

Price spread now: Pacifica against Gate+0.004%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$23 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% 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	Gate PONS_USDT	0.5900	0.0100	pay 0.0050% / 4h	49m 28s	$5.2M	$6.2M	20x
Short	Pacifica PONS	0.5900	0.0859	get 0.0107% / 1h	49m 28s	$46K	$67K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.004%Rate

Funding earned: $159.45
Price spread: +0.004% → 0.000%: $0.42
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $136.87
Costs to cover: 0.230%
Break-even: 1.0 days

Slippage unknown: Gate: 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 Gate live order book, 4 min ago	2.54 bp	27.4 bp −$27	209.1 bp −$2,091	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 −0.0032%	1h	0.5903	+0.059%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.178%	$614	$10K	5.5x	as long as short
Lighter PONS	+0.0096%	1h	0.5907	+0.119%	$1.6M	$880K	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5908	+0.136%	$20K	$434K	20x	as long as short
Gate PONS_USDTlong	+0.0100%	4h	0.5900	long leg	$5.2M	$6.2M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.5914	+0.232%	$34K	$350K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5918	+0.298%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5910	+0.176%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5911	+0.186%	$25K	$524K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5927	+0.463%	$64K	$512K	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	0.5921	+0.356%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0175%	4h	0.5914	+0.245%	$1.4M	$3.9M	—	as long as short
Lighter RH PONS	+0.0208%	1h	0.5901	+0.012%	$403K	$2.4M	3x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5912	+0.198%	$368	—	3x	as long as short
Nado PONS-PERP	+0.0246%	1h	0.5901	+0.025%	$69K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0331%	4h	0.5896	−0.068%	$13.4M	$53.8M	20x	as long as short
Aster PONSUSDT	+0.0386%	4h	0.5901	+0.022%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0442%	4h	0.5899	−0.014%	$4.6M	$11.4M	20x	as long as short
Bybit PONSUSDT	+0.0461%	4h	0.5896	−0.068%	$17.6M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0504%	4h	0.5904	+0.068%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0520%	1h	0.5899	−0.010%	$105K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0522%	4h	0.5900	0.000%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0525%	4h	0.5901	+0.020%	$38.8M	$94.8M	20x	as long as short
edgeX PONSUSDC	+0.0538%	4h	0.5923	+0.388%	$18K	$292K	10x	as long as short
KuCoin PONSUSDTM	+0.0544%	4h	0.5901	+0.025%	$1.6M	$3.7M	20x	as long as short
BloFin PONS-USDT	+0.0764%	4h	0.5918	+0.305%	$1.7M	$951K	20x	as long as short
Hyperliquid PONS	+0.0793%	1h	0.5906	+0.107%	$60.1M	$27.8M	3x	as long as short
Pacifica PONSshort	+0.0859%	1h	0.5900	+0.004%	$46K	$67K	3x
Polymarket Perps PONS-USD	+0.0886%	1h	0.5901	+0.012%	$65K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5918	+0.303%	$31K	$104K	3x	as long as short