Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0374%/8h= +40.9% APRpaid last 24h +0.089%

Price spread now: Pacifica against HTX−0.092%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs−$373as in the Price arb table

costs, in and out, $10k−$3673.675% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.092%, 7d avg −0.034%

Together, before fees+0.310%+ Points / potential airdropPacifica: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.057% cheaper against HTX than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.034%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.369% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5913	0.0100	pay 0.0050% / 4h	2h 29m	$64K	$504K	20x
Short	Pacifica PONS	0.5907	0.0474	get 0.0059% / 1h	29m 36s	$47K	$103K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now −0.092%Rate

Funding earned: $78.51
Price spread: −0.092% → −0.034%: −$5.75
Slippage, 4 orders: −$347.46
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$294.7
Costs to cover: 3.675%
Break-even: 33.3 days

Slippage from HTX: live order book, 58 min ago; Pacifica: live order book, 57 min ago.

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 HTX live order book, 58 min ago	17.23 bp	145.9 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 57 min ago	9.20 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit

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 −0.0034%	1h	0.5900	−0.204%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.120%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5908	−0.076%	$21K	$447K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5901	−0.195%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5905	−0.127%	$13.5M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5905	−0.130%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5909	−0.059%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5903	−0.157%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5903	−0.164%	$34K	$332K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5906	−0.110%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5909	−0.052%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5901	−0.191%	$27K	$549K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5913	long leg	$64K	$504K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5894	−0.313%	$1.7M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0114%	1h	0.5906	−0.104%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5902	−0.178%	$368	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5907	−0.089%	$105K	$533K	5x	as long as short
MEXC PONS_USDT	+0.0176%	4h	0.5908	−0.076%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0181%	4h	0.5904	−0.144%	$38.3M	$98.4M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5907	−0.093%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0187%	4h	0.5907	−0.100%	$21K	$294K	10x	as long as short
Aster PONSUSDT	+0.0215%	4h	0.5904	−0.139%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0338%	1h	0.5906	−0.105%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0416%	4h	0.5905	−0.127%	$1.7M	$969K	20x	as long as short
Gate PONS_USDT	+0.0448%	4h	0.5903	−0.161%	$5.2M	$6.8M	20x	as long as short
Pacifica PONSshort	+0.0474%	1h	0.5907	−0.092%	$47K	$103K	3x
Hyperliquid PONS	+0.0533%	1h	0.5908	−0.078%	$59.0M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0608%	1h	0.5910	−0.042%	$395K	$2.6M	3x	as long as short
Lighter PONS	+0.1120%	1h	0.5913	+0.002%	$1.7M	$882K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5899	−0.228%	$27K	$86K	3x	as long as short