Funding you earn now, next payment 08:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.134%
Price spread now: Phemex against Pacifica−0.222%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.425%−$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Phemex is 0.222% cheaper against Pacifica than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PONS | 0.6231 | 0.0572 | pay 0.0072% / 1h | 38m 21s | $47K | $69K | 3x |
| Short | Phemex PONSUSDT | 0.6217 | 0.0100 | get 0.0050% / 4h | 38m 21s | $1.7M | $3.2M | 20x |
Pacifica PONS
Phemex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$99.22
- Price spread: −0.222% → 0.000%
- −$22.24
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$141.46
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 1.60 bp | 38.7 bp −$39 | doesn't fit | 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 +0.0032% / S −0.0029% | 1h | 0.6211 | −0.321% | $236K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6237 | +0.099% | $22K | $454K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6231 | +0.009% | $73K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6285 | +0.871% | $31K | $303K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6228 | −0.041% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6232 | +0.022% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6222 | −0.144% | $27K | $628K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6228 | −0.051% | $67K | $536K | 20x | as long as short |
| Phemex PONSUSDTshort | +0.0100% | 4h | 0.6217 | −0.222% | $1.7M | $3.2M | 20x | |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6230 | −0.020% | $388 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PONS-USDT-SWAP | +0.0426% | 4h | 0.6217 | −0.222% | $14.1M | $60.2M | 20x | as long as short |
| Variational Omni PONS | +0.0520% | 4h | 0.6292 | +0.986% | $1.5M | $4.2M | — | as long as short |
| Aster PONSUSDT | +0.0530% | 4h | 0.6221 | −0.152% | $1.1M | $2.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0562% | 4h | 0.6235 | +0.070% | $1.6M | $3.9M | 20x | as long as short |
| Pacifica PONSlong | +0.0572% | 1h | 0.6231 | long leg | $47K | $69K | 3x | |
| Extended PONS-USD | +0.0600% | 1h | 0.6227 | −0.056% | $105K | $818K | 5x | as long as short |
| MEXC PONS_USDT | +0.0600% | 4h | 0.6234 | +0.050% | $7.8M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0602% | 4h | 0.6223 | −0.126% | $41.0M | $103.1M | 20x | as long as short |
| edgeX PONSUSDC | +0.0620% | 4h | 0.6286 | +0.892% | $21K | $289K | 10x | as long as short |
| BingX PONS-USDT | +0.0666% | 4h | 0.6224 | −0.110% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.0690% | 4h | 0.6220 | −0.174% | $18.9M | $32.5M | 20x | as long as short |
| Bitget PONSUSDT | +0.0708% | 4h | 0.6224 | −0.113% | $4.9M | $12.8M | 20x | as long as short |
| Lighter RH PONS | +0.0712% | 1h | 0.6228 | −0.046% | $446K | $2.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0793% | 1h | 0.6232 | +0.023% | $63.4M | $30.2M | 3x | as long as short |
| BloFin PONS-USDT | +0.0842% | 4h | 0.6218 | −0.206% | $1.7M | $1.0M | 20x | as long as short |
| Gate PONS_USDT | +0.0886% | 4h | 0.6233 | +0.034% | $5.5M | $6.4M | 20x | as long as short |
| Lighter PONS | +0.0888% | 1h | 0.6234 | +0.054% | $1.7M | $846K | 3x | as long as short |
| Injective PONS/USDC PERP | +0.1069% | 1h | 0.5938 | −4.692% | $610 | $10K | 5.5x | as long as short |
| Polymarket Perps PONS-USD | +0.1327% | 1h | 0.6234 | +0.058% | $68K | $2.2M | 3x | as long as short |
| Phoenix PONS | +0.1405% | 1h | 0.6308 | +1.244% | $48K | $127K | 3x | as long as short |
OKX PONS-USDT-SWAP
Variational Omni PONS
Aster PONSUSDT
KuCoin PONSUSDTM
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
BingX PONS-USDT
Bybit PONSUSDT
Bitget PONSUSDT
Lighter RH PONS
Hyperliquid PONS
BloFin PONS-USDT
Gate PONS_USDT
Lighter PONS
Injective PONS/USDC PERP
Polymarket Perps PONS-USD
Phoenix PONS