PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.084%

Price spread now: SunX against Bitget+0.088%7-day average +0.014% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2832.831% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.395%−$39 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.088%, 7d avg +0.014%

Together, before fees−0.486%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.074% dearer against Bitget than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.014%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PONSUSDT	0.6046	0.0300	pay 0.0150% / 4h	2h 31m	$4.7M	$11.3M	20x
Short	SunX PONS-USDT	0.6052	0.0100	get 0.0050% / 4h	2h 31m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$42
Price spread: +0.088% → +0.014%: $7.38
Slippage, 4 orders: −$263.05
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$317.67
Costs to cover: 2.831%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 3 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 Bitget live order book, 2 min ago	2.91 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	104.63 bp	124.4 bp −$124	doesn't fit	doesn't fit	doesn't fit

PONS on 29 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	0.6041	−0.081%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.272%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6042	−0.073%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6045	−0.030%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	−0.076%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6048	+0.025%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6052	+0.088%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6056	+0.165%	$26K	$526K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6048	+0.026%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6055	+0.142%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6048	+0.020%	$377	—	3x	as long as short
KuCoin PONSUSDTM	+0.0214%	4h	0.6042	−0.079%	$1.7M	$3.7M	20x	as long as short
Lighter RH PONS	+0.0216%	1h	0.6045	−0.017%	$420K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0218%	4h	0.6042	−0.073%	$13.9M	$55.2M	20x	as long as short
Nado PONS-PERP	+0.0246%	1h	0.6040	−0.106%	$71K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0247%	4h	0.6036	−0.172%	$18.1M	$30.7M	20x	as long as short
Bitget PONSUSDTlong	+0.0300%	4h	0.6046	long leg	$4.7M	$11.3M	20x
Lighter PONS	+0.0320%	1h	0.6046	0.000%	$1.7M	$884K	3x	as long as short
Aster PONSUSDT	+0.0350%	4h	0.6040	−0.103%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0396%	4h	0.6044	−0.040%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0403%	4h	0.6043	−0.052%	$39.6M	$95.5M	20x	as long as short
MEXC PONS_USDT	+0.0406%	4h	0.6048	+0.026%	$7.8M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6043	−0.049%	$250K	$677K	5x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6039	−0.118%	$21K	$293K	10x	as long as short
Gate PONS_USDT	+0.0570%	4h	0.6038	−0.139%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0691%	1h	0.6045	−0.031%	$61.5M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0746%	1h	0.6046	−0.007%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6046	−0.008%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6038	−0.147%	$31K	$107K	3x	as long as short