Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.082%

Price spread now: BloFin against Pacifica+0.022%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.583%+$58 on $10k

Price spread, last 3 days (all we have)+0.340%+$34 · spread now +0.022%, 7d avg +0.062%

Together, before fees+0.922%+ Points / potential airdropPacifica: Active · farm board+$92 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.039% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.583%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.5958	0.0451	pay 0.0056% / 1h	26m 55s	$47K	$96K	3x
Short	BloFin PONS-USDT	0.5959	0.0411	get 0.0205% / 4h	1h 26m	$1.7M	$976K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee PacificabpFee BloFinbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$8.43
Price spread: +0.022% → +0.062%: −$3.94
Slippage, 4 orders: −$44.27
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$76.64
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Pacifica: live order book, 55 min ago; BloFin: live order book, 6 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 Pacifica live order book, 55 min ago	6.26 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	1.68 bp	13.9 bp −$14	32.0 bp −$320	107.2 bp −$10.7K	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 +0.0033% / S −0.0034%	1h	0.5956	−0.028%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.198%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5962	+0.073%	$18K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5960	+0.039%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5958	+0.005%	$13.5M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5963	+0.084%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5964	+0.111%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5935	−0.376%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5966	+0.133%	$34K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5968	+0.182%	$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	0.5958	+0.009%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5964	+0.099%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5970	+0.200%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5963	+0.089%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5953	−0.070%	$371	—	3x	as long as short
Aster PONSUSDT	+0.0130%	4h	0.5958	+0.010%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0166%	4h	0.5963	+0.089%	$7.7M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5962	+0.072%	$246K	$667K	5x	as long as short
BingX PONS-USDT	+0.0168%	4h	0.5960	+0.039%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0171%	4h	0.5962	+0.073%	$38.8M	$97.7M	20x	as long as short
edgeX PONSUSDC	+0.0182%	4h	0.5959	+0.022%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0223%	1h	0.5958	−0.002%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0352%	1h	0.5965	+0.123%	$413K	$2.7M	3x	as long as short
BloFin PONS-USDTshort	+0.0411%	4h	0.5959	+0.022%	$1.7M	$976K	20x
Pacifica PONSlong	+0.0451%	1h	0.5958	long leg	$47K	$96K	3x
Polymarket Perps PONS-USD	+0.0479%	1h	0.5962	+0.069%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0666%	1h	0.5968	+0.165%	$60.3M	$30.1M	3x	as long as short
Lighter PONS	+0.0744%	1h	0.5965	+0.123%	$1.7M	$998K	3x	as long as short
Gate PONS_USDT	+0.1246%	4h	0.5955	−0.045%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5958	−0.003%	$30K	$96K	3x	as long as short