Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0447%/8h= +49.0% APRpaid last 24h +0.008%

Price spread now: Pacifica against MEXC+0.039%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 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 +$13 a day on $10k at the current rate, and Pacifica is 0.039% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.062%, 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 -0.062% in total (about -3.2% 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	MEXC PONS_USDT	0.6060	0.0422	pay 0.0211% / 4h	2h 20m	$7.8M	$4.7M	20x
Short	Pacifica PONS	0.6062	0.0869	get 0.0109% / 1h	20m 43s	$48K	$75K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now +0.039%Rate

Funding earned: $93.91
Price spread: +0.039% → 0.000%: $3.93
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $89.84
Costs to cover: 0.080%
Break-even: 0.3 days

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	1.65 bp	5.6 bp −$6	13.2 bp −$132	301.8 bp −$30.2K	947.1 bp −$473.5K
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 29 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	0.6062	+0.040%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.493%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.231%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6066	+0.105%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6063	+0.053%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6076	+0.257%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6071	+0.190%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6069	+0.152%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6085	+0.413%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6061	+0.017%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6071	+0.190%	$378	—	3x	as long as short
Lighter RH PONS	+0.0192%	1h	0.6061	+0.015%	$427K	$2.5M	3x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.6072	+0.201%	$71K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0232%	4h	0.6063	+0.045%	$1.7M	$3.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0241%	4h	0.6057	−0.050%	$13.9M	$55.2M	20x	as long as short
Lighter PONS	+0.0272%	1h	0.6064	+0.066%	$1.7M	$885K	3x	as long as short
Bybit PONSUSDT	+0.0296%	4h	0.6056	−0.066%	$18.2M	$30.5M	20x	as long as short
Bitget PONSUSDT	+0.0320%	4h	0.6060	−0.002%	$4.7M	$11.3M	20x	as long as short
BingX PONS-USDT	+0.0388%	4h	0.6059	−0.017%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0407%	4h	0.6072	+0.205%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDTlong	+0.0422%	4h	0.6060	long leg	$7.8M	$4.7M	20x
Extended PONS-USD	+0.0424%	1h	0.6058	−0.037%	$250K	$672K	5x	as long as short
Binance PONSUSDT	+0.0426%	4h	0.6060	−0.001%	$39.7M	$94.7M	20x	as long as short
edgeX PONSUSDC	+0.0428%	4h	0.6064	+0.063%	$21K	$292K	10x	as long as short
Gate PONS_USDT	+0.0592%	4h	0.6054	−0.099%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0681%	1h	0.6064	+0.059%	$61.8M	$28.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0749%	1h	0.6073	+0.208%	$46K	$1.5M	3x	as long as short
Pacifica PONSshort	+0.0869%	1h	0.6062	+0.039%	$48K	$75K	3x
Phoenix PONS	+0.1695%	1h	0.6073	+0.215%	$31K	$107K	3x	as long as short