PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0361%/8h= −39.5% APRnext payment −$0.45 per $10,000 · paid last 24h +0.006%

Price spread now: Extended against Pacifica+0.103%7-day average −0.017% · you sell dearer than you buy

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

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.103%, 7d avg −0.017%

Together, before fees+0.083%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.121% dearer against Pacifica than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.017%): +$12 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.202%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 per $10,000. 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	Pacifica PONS	0.6069	0.0665	pay 0.0083% / 1h	58m 13s	$48K	$96K	3x
Short	Extended PONS-USD	0.6076	0.0304	get 0.0038% / 1h	58m 13s	$252K	$681K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$75.73
Price spread: +0.103% → −0.017%: $12.08
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$76.66
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Extended: live order book, 15 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell Extended live order book, 15 min ago	10.10 bp	23.7 bp −$24	216.2 bp −$2,162	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PONS_USDT	−0.0508%	4h	0.6072	+0.044%	$5.3M	$6.1M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6067	−0.032%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.645%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6075	+0.090%	$425K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6078	+0.143%	$20K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6076	+0.106%	$105K	$116K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6073	+0.060%	$13.8M	$57.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6074	+0.080%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6082	+0.209%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6076	+0.115%	$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	0.6074	+0.077%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6075	+0.095%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6079	+0.158%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6075	+0.093%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0144%	4h	0.6074	+0.078%	$1.7M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6071	+0.027%	$378	—	3x	as long as short
Aster PONSUSDT	+0.0159%	4h	0.6073	+0.059%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0180%	4h	0.6079	+0.153%	$4.7M	$11.7M	20x	as long as short
BingX PONS-USDT	+0.0296%	4h	0.6077	+0.126%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0298%	4h	0.6075	+0.093%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0300%	4h	0.6076	+0.110%	$39.8M	$98.0M	20x	as long as short
Extended PONS-USDshort	+0.0304%	1h	0.6076	+0.103%	$252K	$681K	5x
edgeX PONSUSDC	+0.0311%	4h	0.6078	+0.150%	$21K	$294K	10x	as long as short
BloFin PONS-USDT	+0.0539%	4h	0.6072	+0.044%	$1.8M	$1.0M	20x	as long as short
Lighter PONS	+0.0592%	1h	0.6076	+0.108%	$1.7M	$894K	3x	as long as short
Pacifica PONSlong	+0.0665%	1h	0.6069	long leg	$48K	$96K	3x
Bybit PONSUSDT	+0.0964%	4h	0.6074	+0.077%	$18.2M	$31.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0980%	1h	0.6078	+0.134%	$41K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.1186%	1h	0.6079	+0.166%	$61.9M	$29.9M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6076	+0.103%	$31K	$102K	3x	as long as short