PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0206%/8h= −22.6% APRnext payment −$1.03 per $10,000 · paid last 24h −0.094%

Price spread now: SunX against Gate+0.051%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$344as in the Funding arb table

Net, price: spread back to 7d avg − costs−$306as in the Price arb table

costs, in and out, $10k−$3013.010% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

Price spread, last 3 days (all we have)+1.189%+$119 · spread now +0.051%, 7d avg +0.099%

Together, before fees+0.756%+$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.049% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.099%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.5921	0.0306	pay 0.0153% / 4h	2h 56m	$5.2M	$6.7M	20x
Short	SunX PONS-USDT	0.5924	0.0100	get 0.0050% / 4h	2h 56m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$43.26
Price spread: +0.051% → +0.099%: −$4.88
Slippage, 4 orders: −$278.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$349.17
Costs to cover: 3.010%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; SunX: live order book, 8 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 Gate live order book, 2 min ago	2.53 bp	26.5 bp −$26	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	104.63 bp	125.1 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	0.5918	−0.054%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	−0.024%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5920	−0.017%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5919	−0.034%	$18.0M	$31.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5929	+0.135%	$13.6M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5919	−0.034%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5919	−0.035%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5963	+0.702%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5963	+0.716%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5929	+0.132%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDTshort	+0.0100%	4h	0.5924	+0.051%	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5920	−0.012%	$27K	$535K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5938	+0.287%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5922	+0.017%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5926	+0.084%	$369	—	3x	as long as short
Lighter RH PONS	+0.0152%	1h	0.5922	+0.010%	$398K	$2.6M	3x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5920	−0.013%	$38.6M	$98.2M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5918	−0.045%	$106K	$529K	5x	as long as short
BingX PONS-USDT	+0.0188%	4h	0.5921	0.000%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0190%	4h	0.5918	−0.051%	$7.8M	$5.1M	20x	as long as short
edgeX PONSUSDC	+0.0206%	4h	0.5961	+0.674%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0250%	4h	0.5919	−0.033%	$1.1M	$2.2M	20x	as long as short
Gate PONS_USDTlong	+0.0306%	4h	0.5921	long leg	$5.2M	$6.7M	20x
Polymarket Perps PONS-USD	+0.0314%	1h	0.5921	−0.007%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0431%	4h	0.5934	+0.220%	$1.7M	$988K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5928	+0.113%	$47K	$102K	3x	as long as short
Nado PONS-PERP	+0.0520%	1h	0.5925	+0.062%	$90K	$103K	5x	as long as short
Hyperliquid PONS	+0.0744%	1h	0.5922	+0.020%	$59.3M	$29.7M	3x	as long as short
Lighter PONS	+0.1016%	1h	0.5927	+0.095%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5931	+0.176%	$27K	$86K	3x	as long as short