Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni−0.459%73s7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$333as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3333.332% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.787%+$79 · spread now −0.459%, 7d avg −0.064%

Together, before fees+0.787%+$79 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.396% cheaper against ApeX Omni than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.064%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.5986	0.0100	pay 0.0013% / 1h	35m 51s	$35K	$345K	5x
Short	SunX PONS-USDT	0.5958	0.0100	get 0.0050% / 4h	1h 35m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now −0.459%Rate

Funding earned: $0
Price spread: −0.459% → −0.064%: −$39.55
Slippage, 4 orders: −$315.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$372.75
Costs to cover: 3.332%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; SunX: live order book, 8 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 ApeX Omni live order book, 47 min ago	32.60 bp	40.5 bp −$40	115.9 bp −$1,159	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	106.52 bp	126.7 bp −$127	doesn't fit	doesn't fit	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 +0.0032% / S −0.0034%	1h	0.5948	−0.628%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.271%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5953	−0.546%	$17K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5945	−0.680%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5942	−0.730%	$13.5M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5949	−0.613%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5949	−0.616%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5973	−0.207%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.5986	long leg	$35K	$345K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5958	−0.456%	$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-USDTshort	+0.0100%	4h	0.5958	−0.459%	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5951	−0.583%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5973	−0.214%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5943	−0.713%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5949	−0.621%	$371	—	3x	as long as short
Aster PONSUSDT	+0.0144%	4h	0.5947	−0.647%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0174%	4h	0.5946	−0.663%	$38.7M	$97.7M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5945	−0.675%	$247K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5947	−0.647%	$7.7M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5942	−0.730%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0199%	4h	0.5981	−0.078%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.5953	−0.546%	$90K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5965	−0.346%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5957	−0.474%	$47K	$96K	3x	as long as short
Lighter RH PONS	+0.0456%	1h	0.5951	−0.581%	$418K	$2.7M	3x	as long as short
Polymarket Perps PONS-USD	+0.0485%	1h	0.5953	−0.551%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0620%	1h	0.5953	−0.545%	$60.0M	$30.0M	3x	as long as short
Lighter PONS	+0.0752%	1h	0.5955	−0.508%	$1.7M	$992K	3x	as long as short
Gate PONS_USDT	+0.1356%	4h	0.5943	−0.713%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5976	−0.167%	$30K	$96K	3x	as long as short