PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0316%/8h= −34.6% APRnext payment −$1.58 per $10,000 · paid last 24h −0.043%

Price spread now: SunX against Aster−0.041%7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2702.701% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)+1.099%+$110 · spread now −0.041%, 7d avg +0.094%

Together, before fees+0.977%+ Points / potential airdropAster: Stage 5 · farm board+$98 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SunX is 0.135% cheaper against Aster than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.094%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.58 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	Aster PONSUSDT	0.6000	0.0416	pay 0.0208% / 4h	1h 43m	$1.1M	$2.0M	20x
Short	SunX PONS-USDT	0.5998	0.0100	get 0.0050% / 4h	1h 43m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$66.39
Price spread: −0.041% → +0.094%: −$13.53
Slippage, 4 orders: −$254.11
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$350.03
Costs to cover: 2.701%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; SunX: live order book, 11 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 Aster live order book, 5 min ago	4.19 bp	10.0 bp −$10	26.5 bp −$265	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	105.20 bp	125.5 bp −$125	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 +0.0033% / S −0.0033%	1h	0.5995	−0.086%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.509%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5997	−0.049%	$420K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5999	−0.017%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5979	−0.354%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6010	+0.168%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.5998	−0.041%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6012	+0.199%	$26K	$516K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6005	+0.081%	$64K	$507K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5991	−0.151%	$1.6M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PONS	+0.0104%	1h	0.5995	−0.081%	$1.7M	$874K	3x	as long as short
Variational Omni PONS	+0.0105%	4h	0.5961	−0.652%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.6013	+0.211%	$375	—	3x	as long as short
Nado PONS-PERP	+0.0248%	1h	0.6000	−0.004%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0285%	4h	0.6013	+0.216%	$13.7M	$54.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0344%	4h	0.6004	+0.069%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0388%	4h	0.6015	+0.251%	$4.7M	$11.2M	20x	as long as short
Aster PONSUSDTlong	+0.0416%	4h	0.6000	long leg	$1.1M	$2.0M	20x
MEXC PONS_USDT	+0.0460%	4h	0.6005	+0.083%	$7.7M	$4.7M	20x	as long as short
Gate PONS_USDT	+0.0466%	4h	0.5996	−0.067%	$5.3M	$6.2M	20x	as long as short
Binance PONSUSDT	+0.0471%	4h	0.6007	+0.119%	$39.3M	$93.7M	20x	as long as short
Extended PONS-USD	+0.0472%	1h	0.6007	+0.116%	$248K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0479%	4h	0.5984	−0.265%	$18K	$295K	10x	as long as short
Bybit PONSUSDT	+0.0491%	4h	0.6007	+0.116%	$18.0M	$30.3M	20x	as long as short
BingX PONS-USDT	+0.0498%	4h	0.6008	+0.133%	—	$3.0M	—	as long as short
BloFin PONS-USDT	+0.0701%	4h	0.5986	−0.234%	$1.8M	$953K	20x	as long as short
Hyperliquid PONS	+0.0725%	1h	0.6001	+0.024%	$61.2M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5999	−0.025%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0787%	1h	0.5998	−0.037%	$49K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5984	−0.269%	$31K	$98K	3x	as long as short