Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0393%/8h= +43.0% APRpaid last 24h +0.060%

Price spread now: Pacifica against KuCoin+0.209%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and Pacifica is 0.209% dearer against KuCoin than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.5% 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	KuCoin PONSUSDTM	0.6185	0.0460	pay 0.0230% / 4h	3h 33m	$1.6M	$4.1M	20x
Short	Pacifica PONS	0.6198	0.0853	get 0.0107% / 1h	33m 05s	$47K	$77K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now +0.209%Rate

Funding earned: $82.45
Price spread: +0.209% → 0.000%: $20.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $83.31
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: KuCoin: 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 KuCoin live order book, 4 min ago	3.13 bp	30.3 bp −$30	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 +0.0032% / S −0.0030%	1h	0.6178	−0.111%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−3.979%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6182	−0.042%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6182	−0.042%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6239	+0.875%	$31K	$291K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6177	−0.131%	$72K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6192	+0.116%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6184	−0.005%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6184	−0.003%	$26K	$622K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6197	+0.205%	$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	0.6185	+0.006%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6188	+0.047%	$385	—	3x	as long as short
Hyperliquid PONS	+0.0303%	1h	0.6186	+0.027%	$63.3M	$30.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0402%	4h	0.6186	+0.023%	$14.2M	$60.7M	20x	as long as short
Lighter RH PONS	+0.0408%	1h	0.6188	+0.052%	$419K	$2.7M	3x	as long as short
Aster PONSUSDT	+0.0434%	4h	0.6191	+0.107%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0460%	4h	0.6185	long leg	$1.6M	$4.1M	20x
Variational Omni PONS	+0.0577%	4h	0.6231	+0.758%	$1.6M	$4.4M	—	as long as short
Lighter PONS	+0.0624%	1h	0.6189	+0.066%	$1.7M	$868K	3x	as long as short
MEXC PONS_USDT	+0.0638%	4h	0.6186	+0.023%	$7.9M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0639%	4h	0.6188	+0.055%	$40.5M	$104.2M	20x	as long as short
Extended PONS-USD	+0.0640%	1h	0.6184	−0.003%	$104K	$828K	5x	as long as short
edgeX PONSUSDC	+0.0651%	4h	0.6214	+0.468%	$20K	$292K	10x	as long as short
Bitget PONSUSDT	+0.0716%	4h	0.6186	+0.021%	$5.0M	$13.2M	20x	as long as short
Gate PONS_USDT	+0.0812%	4h	0.6183	−0.026%	$5.4M	$6.4M	20x	as long as short
Pacifica PONSshort	+0.0853%	1h	0.6198	+0.209%	$47K	$77K	3x
BloFin PONS-USDT	+0.0879%	4h	0.6191	+0.103%	$1.8M	$1.1M	20x	as long as short
Bybit PONSUSDT	+0.0978%	4h	0.6184	−0.010%	$18.7M	$33.1M	20x	as long as short
BingX PONS-USDT	+0.1064%	4h	0.6181	−0.058%	—	$3.2M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6208	+0.385%	$47K	$159K	3x	as long as short