Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0981%/8h= −107.4% APRnext payment $1.23 per $10,000 · paid last 24h −0.110%
Price spread now: ApeX Omni against Pacifica+0.015%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.418%−$42 on $10k
Price spread, last 7 daysno 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: −$29 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.418% in total (about -21.8% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PONS0.60410.1081pay 0.0135% / 1h29m 02s$47K$68K3x
ShortApeX Omni PONSUSDT0.60420.0100get 0.0013% / 1h29m 02s$35K$342K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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

Funding earned
−$206
Price spread: +0.015% → 0.000%
$1.46
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$222.54
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; ApeX Omni: live order book, 23 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell ApeX Omni live order book, 23 min ago6.63 bp70.6 bp −$71135.3 bp −$1,353doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0032%1h0.6028−0.208%$240K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−1.181%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6031−0.163%$21K$416K20xas long as short
Nado PONS-PERP+0.0100%1h0.6031−0.163%$70K$129K5xas long as short
ApeX Omni PONSUSDTshort+0.0100%1h0.6042+0.015%$35K$342K5x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6044+0.059%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6039−0.033%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6039−0.022%$26K$533K3xas long as short
HTX PONS-USDT+0.0100%4h0.6053+0.198%$65K$512K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6041+0.003%$1.7M$3.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH PONS+0.0192%1h0.6038−0.043%$410K$2.5M3xas long as short
Aevo PONS-PERP+0.0240%1h0.6042+0.028%$3763xas long as short
OKX PONS-USDT-SWAP+0.0355%4h0.6036−0.080%$13.7M$55.3M20xas long as short
Variational Omni PONS+0.0427%4h0.6045+0.077%$1.5M$3.9Mas long as short
Hyperliquid PONS+0.0484%1h0.6040−0.019%$61.8M$28.0M3xas long as short
Bitget PONSUSDT+0.0528%4h0.6042+0.013%$4.6M$11.5M20xas long as short
Aster PONSUSDT+0.0529%4h0.6043+0.036%$1.1M$2.1M20xas long as short
Lighter PONS+0.0544%1h0.6040−0.015%$1.7M$892K3xas long as short
Extended PONS-USD+0.0632%1h0.6036−0.076%$108K$808K5xas long as short
MEXC PONS_USDT+0.0632%4h0.6039−0.030%$7.7M$4.7M20xas long as short
Binance PONSUSDT+0.0634%4h0.6038−0.047%$39.5M$94.3M20xas long as short
edgeX PONSUSDC+0.0637%4h0.6047+0.103%$18K$294K10xas long as short
Polymarket Perps PONS-USD+0.0693%1h0.6039−0.025%$72K$1.6M3xas long as short
KuCoin PONSUSDTM+0.0744%4h0.6039−0.032%$1.6M$3.8M20xas long as short
BloFin PONS-USDT+0.0874%4h0.6039−0.030%$1.7M$968K20xas long as short
Gate PONS_USDT+0.0908%4h0.6033−0.129%$5.3M$6.2M20xas long as short
BingX PONS-USDT+0.0944%4h0.6040−0.014%$3.0Mas long as short
Pacifica PONSlong+0.1081%1h0.6041long leg$47K$68K3x
Bybit PONSUSDT+0.1082%4h0.6038−0.047%$18.1M$30.6M20xas long as short
Phoenix PONS+0.1586%1h0.6044+0.046%$46K$109K3xas long as short