Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.098%
Price spread now: SunX against MEXC+0.137%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$307as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2622.624% of the position
Funding, last 7 days−0.449%−$45 on $10k
+Price spread, last 3 days (all we have)+0.400%+$40 · spread now +0.137%, 7d avg +0.038%
=The price spread pays, funding is against you. SunX is 0.099% dearer against MEXC than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.038%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.449% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.5900 | 0.0184 | pay 0.0092% / 4h | 2h 25m | $7.5M | $5.2M | 20x |
| Short | SunX PONS-USDT | 0.5908 | 0.0100 | get 0.0050% / 4h | 2h 25m | — | $1.4M | 10x |
MEXC PONS_USDT
SunX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.64
- Price spread: +0.137% → +0.038%
- $9.89
- Slippage, 4 orders
- −$254.36
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$270.11
- Costs to cover
- 2.624%
- Break-even
- never at this rate
Slippage from MEXC: 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 MEXC live order book, 2 min ago | 1.69 bp | 5.1 bp −$5 | 13.1 bp −$131 | 426.4 bp −$42.6K | doesn't fit |
| Sell SunX live order book, 8 min ago | 106.54 bp | 126.6 bp −$127 | 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 | 0.5900 | +0.006% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.332% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5909 | +0.153% | $21K | $446K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5906 | +0.107% | $89K | $103K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5903 | +0.051% | $17.7M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5903 | +0.051% | $13.4M | $56.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5903 | +0.054% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5903 | +0.053% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5903 | +0.055% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5903 | +0.047% | $34K | $332K | 5x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDTShow 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 | 0.5916 | +0.273% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDTshort | +0.0100% | 4h | 0.5908 | +0.137% | — | $1.4M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5907 | +0.120% | $27K | $549K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5913 | +0.217% | $64K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5899 | −0.017% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5908 | +0.140% | $368 | — | 3x | as long as short |
| BingX PONS-USDT | +0.0182% | 4h | 0.5900 | 0.000% | — | $3.1M | — | as long as short |
| Binance PONSUSDT | +0.0183% | 4h | 0.5904 | +0.076% | $38.4M | $98.3M | 20x | as long as short |
| Extended PONS-USD | +0.0184% | 1h | 0.5900 | +0.006% | $105K | $533K | 5x | as long as short |
| MEXC PONS_USDTlong | +0.0184% | 4h | 0.5900 | long leg | $7.5M | $5.2M | 20x | |
| edgeX PONSUSDC | +0.0187% | 4h | 0.5907 | +0.112% | $21K | $294K | 10x | as long as short |
| Aster PONSUSDT | +0.0208% | 4h | 0.5903 | +0.048% | $1.1M | $2.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0344% | 1h | 0.5908 | +0.142% | $38K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0424% | 4h | 0.5909 | +0.153% | $1.7M | $967K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5908 | +0.139% | $47K | $103K | 3x | as long as short |
| Hyperliquid PONS | +0.0503% | 1h | 0.5906 | +0.095% | $59.1M | $30.1M | 3x | as long as short |
| Gate PONS_USDT | +0.0560% | 4h | 0.5901 | +0.017% | $5.2M | $6.8M | 20x | as long as short |
| Lighter RH PONS | +0.0640% | 1h | 0.5905 | +0.086% | $396K | $2.6M | 3x | as long as short |
| Lighter PONS | +0.1080% | 1h | 0.5909 | +0.161% | $1.7M | $882K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5912 | +0.198% | $27K | $86K | 3x | as long as short |
Orderly PERP_PONS_USDC_mythos
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
BingX PONS-USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Aster PONSUSDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Gate PONS_USDT
Lighter RH PONS
Lighter PONS
Phoenix PONS