PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0264%/8h= −28.9% APRnext payment −$1.32 per $10,000 · paid last 24h −0.084%

Price spread now: SunX against Binance−0.161%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$323as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$2782.775% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.453%−$45 on $10k

Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.161%, 7d avg +0.041%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SunX is 0.202% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6104	0.0364	pay 0.0182% / 4h	3h 16m	$40.1M	$96.3M	20x
Short	SunX PONS-USDT	0.6094	0.0100	get 0.0050% / 4h	3h 16m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$55.5
Price spread: −0.161% → +0.041%: −$20.19
Slippage, 4 orders: −$259.52
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$353.21
Costs to cover: 2.775%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; SunX: live order book, 7 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 Binance live order book, 11 min ago	1.63 bp	14.8 bp −$15	49.4 bp −$494	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	105.38 bp	125.3 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	0.6079	−0.414%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.203%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6101	−0.051%	$430K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6095	−0.147%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	−0.360%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6093	−0.174%	$33K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6098	−0.105%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6094	−0.161%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6092	−0.200%	$28K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6103	−0.021%	$65K	$510K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6091	−0.213%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6082	−0.362%	$379	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0185%	4h	0.6101	−0.049%	$14.0M	$56.5M	20x	as long as short
KuCoin PONSUSDTM	+0.0198%	4h	0.6103	−0.015%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0262%	4h	0.6104	−0.003%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0290%	4h	0.6100	−0.072%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0360%	4h	0.6100	−0.066%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDTlong	+0.0364%	4h	0.6104	long leg	$40.1M	$96.3M	20x
Extended PONS-USD	+0.0368%	1h	0.6099	−0.082%	$252K	$678K	5x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6082	−0.364%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0424%	1h	0.6101	−0.051%	$1.7M	$933K	3x	as long as short
BingX PONS-USDT	+0.0560%	4h	0.6103	−0.016%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0604%	4h	0.6096	−0.131%	$1.8M	$990K	20x	as long as short
Nado PONS-PERP	+0.0612%	1h	0.6094	−0.164%	$105K	$115K	5x	as long as short
Bybit PONSUSDT	+0.0614%	4h	0.6100	−0.066%	$18.3M	$30.9M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6102	−0.033%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0770%	1h	0.6093	−0.175%	$44K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0780%	4h	0.6089	−0.246%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0874%	1h	0.6102	−0.033%	$62.0M	$29.1M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6094	−0.169%	$32K	$113K	3x	as long as short