Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5418 | +0.0860 | pay 0.0108% / 1h | 10m 27s | $44K | $175K | 20x | Long Kraken Futures | |
| SHORT | 0.5419 | +0.0100 | get 0.0050% / 4h | 1h 10m | — | $417K | 10x | Short SunX≤10% back |
Price gap+0.030%58s
Funding gap−0.0760% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $23 a day and eats that in about 4 hours.
The two prices were read 58 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$201−0.0760% /8h now · paid −2.014% over the last 5 days (all we have)
Price—spread +0.030%58s now · prices read too far apart to compare
Costs−$3013.011% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
SunX price against Kraken Futuresnow
RANGE STATS · 7D
Now+0.030%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 31 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size18.8 / 126.1 bpAt $10k entering SunX costs 126.1 bp, fee and slippage, 6.7× Kraken Futures’s.
- Note: Margin at max leverage$500 + $1,000Kraken Futures 20x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$22.81Long Kraken Futures: 24 payments, −$25.81; short SunX: 6 payments, +$3.00.
- Watch: Prices read 58 s apart+0.030% vs −0.004%Part of this gap may be the market moving.
- Watch: Short leg is thinner— vs $44K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKraken Futures Yes · SunX NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.1403%/8h × 21 periods−$294.63
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$283.08
Fee Kraken Futures bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$595.71
price spread not counted: prices read too far apartCosts to cover3.011%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 28 min ago; SunX: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures7.2118.8 bp−$19doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX106.29126.1 bp−$126doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Arcus
Avantis
Bybit