PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.38 per $10,000 · paid last 24h −0.159%

Price spread now: SunX against BingX+0.197%7-day average +0.016% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$251as in the Price arb table

costs, in and out, $10k−$2692.688% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.646%−$65 on $10k

Price spread, last 3 days (all we have)+1.027%+$103 · spread now +0.197%, 7d avg +0.016%

Together, before fees+0.381%+$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.181% dearer against BingX than usual: you sell high and buy low (spread +0.197% now, against its 7-day average of +0.016%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.9 days. At the pace of the last 7 days (−0.646% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5884	0.0176	pay 0.0088% / 4h	2h 49m	—	$3.1M	—
Short	SunX PONS-USDT	0.5896	0.0100	get 0.0050% / 4h	2h 49m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now +0.197%Rate

Funding earned: −$15.96
Price spread: +0.197% → +0.016%: $18.1
Slippage, 4 orders: −$250.77
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$266.63
Costs to cover: 2.688%
Break-even: never at this rate

Slippage from BingX: live order book, 16 min ago; SunX: live order book, 5 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 BingX live order book, 16 min ago	0.84 bp	8.9 bp −$9	29.9 bp −$299	416.4 bp −$41.6K	doesn't fit
Sell SunX live order book, 5 min ago	105.17 bp	125.4 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 +0.0032% / S −0.0034%	1h	0.5880	−0.076%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.605%	$609	$6K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5886	+0.025%	$396K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5882	−0.034%	$21K	$456K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5882	−0.034%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5881	−0.051%	$13.5M	$55.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5883	−0.024%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5883	−0.012%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5902	+0.298%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5913	+0.496%	$34K	$327K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5892	+0.134%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.5896	+0.197%	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5881	−0.049%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5893	+0.158%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5883	−0.017%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5885	+0.017%	$367	—	3x	as long as short
Binance PONSUSDT	+0.0164%	4h	0.5883	−0.018%	$38.3M	$98.1M	20x	as long as short
MEXC PONS_USDT	+0.0166%	4h	0.5882	−0.034%	$7.6M	$5.1M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5883	−0.020%	$105K	$531K	5x	as long as short
BingX PONS-USDTlong	+0.0176%	4h	0.5884	long leg	—	$3.1M	—
edgeX PONSUSDC	+0.0189%	4h	0.5914	+0.502%	$21K	$293K	10x	as long as short
Aster PONSUSDT	+0.0221%	4h	0.5888	+0.064%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0285%	1h	0.5884	−0.003%	$89K	$103K	5x	as long as short
Polymarket Perps PONS-USD	+0.0341%	1h	0.5882	−0.027%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5886	+0.034%	$1.7M	$964K	20x	as long as short
Gate PONS_USDT	+0.0424%	4h	0.5880	−0.068%	$5.1M	$6.7M	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5887	+0.054%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0683%	1h	0.5883	−0.010%	$58.8M	$29.8M	3x	as long as short
Lighter PONS	+0.0760%	1h	0.5888	+0.068%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5909	+0.433%	$27K	$86K	3x	as long as short