Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.150%

Price spread now: SunX against Bybit+0.020%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$316as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2812.809% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.354%−$35 on $10k

Price spread, last 3 days (all we have)+0.104%+$10 · spread now +0.020%, 7d avg +0.070%

Together, before fees−0.250%−$25 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 0.051% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6086	0.0100	pay 0.0050% / 4h	2m 59s	$18.3M	$31.3M	20x
Short	SunX PONS-USDT	0.6087	0.0100	get 0.0050% / 4h	2m 59s	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.070%: −$5.06
Slippage, 4 orders: −$261.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$285.95
Costs to cover: 2.809%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 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 Bybit live order book, 6 min ago	1.64 bp	14.9 bp −$15	44.8 bp −$448	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	105.42 bp	125.6 bp −$126	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.914%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6085	−0.017%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6092	+0.104%	$426K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6096	+0.164%	$20K	$418K	20x	as long as short
Bybit PONSUSDTlong	+0.0100%	4h	0.6086	long leg	$18.3M	$31.3M	20x
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6088	+0.033%	$13.9M	$57.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6076	−0.170%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6100	+0.227%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6098	+0.202%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6087	+0.020%	—	$1.4M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6094	+0.128%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6105	+0.307%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6096	+0.164%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0130%	4h	0.6088	+0.036%	$1.8M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0151%	4h	0.6091	+0.089%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6097	+0.180%	$380	—	3x	as long as short
Bitget PONSUSDT	+0.0168%	4h	0.6092	+0.102%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0211%	1h	0.6089	+0.045%	$105K	$116K	5x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6092	+0.096%	$252K	$681K	5x	as long as short
MEXC PONS_USDT	+0.0296%	4h	0.6092	+0.099%	$8.0M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0297%	4h	0.6091	+0.082%	$39.9M	$98.2M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6090	+0.066%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0316%	4h	0.6086	+0.001%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0336%	1h	0.6094	+0.131%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0537%	4h	0.6096	+0.164%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0652%	1h	0.6096	+0.169%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0834%	1h	0.6093	+0.122%	$62.0M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6089	+0.042%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	−0.016%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2160%	4h	0.6086	0.000%	$5.3M	$6.4M	20x	as long as short