Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0438%/8h= −48.0% APRpaid last 24h −0.066%

Price spread now: OKX against Pacifica−0.125%49s7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 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 against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.125% cheaper against Pacifica than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% 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	Pacifica PONS	0.6021	0.0755	pay 0.0094% / 1h	10m 55s	$47K	$70K	3x
Short	OKX PONS-USDT-SWAP	0.6013	0.0317	get 0.0158% / 4h	1h 10m	$13.7M	$55.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$92.07
Price spread: −0.125% → 0.000%: −$12.47
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$122.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	1.66 bp	11.4 bp −$11	28.6 bp −$286	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
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6019	−0.029%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.847%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6028	+0.124%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6015	−0.093%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6034	+0.217%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6024	+0.056%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6032	+0.188%	$26K	$527K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6035	+0.242%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6024	+0.058%	$1.7M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0178%	4h	0.6018	−0.036%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0216%	1h	0.6031	+0.183%	$376	—	3x	as long as short
Nado PONS-PERP	+0.0222%	1h	0.6026	+0.091%	$71K	$129K	5x	as long as short
Gate PONS_USDT	+0.0240%	4h	0.6016	−0.075%	$5.3M	$6.3M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0317%	4h	0.6013	−0.125%	$13.7M	$55.0M	20x
Lighter RH PONS	+0.0328%	1h	0.6031	+0.176%	$418K	$2.5M	3x	as long as short
Lighter PONS	+0.0352%	1h	0.6032	+0.186%	$1.7M	$876K	3x	as long as short
Bitget PONSUSDT	+0.0418%	4h	0.6022	+0.023%	$4.7M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0435%	4h	0.6021	+0.011%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0468%	4h	0.6020	−0.010%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0490%	4h	0.6018	−0.042%	$18.0M	$30.6M	20x	as long as short
BingX PONS-USDT	+0.0496%	4h	0.6020	−0.008%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0526%	4h	0.6018	−0.042%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0527%	4h	0.6022	+0.025%	$39.7M	$94.7M	20x	as long as short
edgeX PONSUSDC	+0.0528%	4h	0.6022	+0.022%	$18K	$292K	10x	as long as short
Extended PONS-USD	+0.0528%	1h	0.6019	−0.017%	$249K	$671K	5x	as long as short
Pacifica PONSlong	+0.0755%	1h	0.6021	long leg	$47K	$70K	3x
Hyperliquid PONS	+0.0757%	1h	0.6033	+0.204%	$61.5M	$27.9M	3x	as long as short
BloFin PONS-USDT	+0.0767%	4h	0.6029	+0.141%	$1.7M	$968K	20x	as long as short
Polymarket Perps PONS-USD	+0.0851%	1h	0.6030	+0.164%	$69K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6017	−0.052%	$31K	$98K	3x	as long as short