Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0561%/8h= −61.4% APRpaid last 24h −0.152%

Price spread now: SunX against Polymarket Perps+0.143%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2712.713% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.600%−$60 on $10k

Price spread, last 4 days (all we have)+0.416%+$42 · spread now +0.143%, 7d avg +0.039%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.104% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.039%): +$10 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.6374	0.0661	pay 0.0083% / 1h	58m 12s	$75K	$2.1M	3x
Short	SunX PONS-USDT	0.6383	0.0100	get 0.0050% / 4h	1h 58m	—	$899K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Polymarket Perps. 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 Polymarket PerpsbpFee SunXbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$117.73
Price spread: +0.143% → +0.039%: $10.42
Slippage, 4 orders: −$255.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$378.64
Costs to cover: 2.713%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; SunX: live order book, 18 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 Polymarket Perps live order book, 4 min ago	4.10 bp	13.6 bp −$14	14.5 bp −$145	doesn't fit	doesn't fit
Sell SunX live order book, 18 min ago	104.42 bp	124.9 bp −$125	doesn't fit	doesn't fit	doesn't fit

PONS on 30 exchanges

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 −0.0030%	1h	0.6365	−0.144%	$250K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.830%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6376	+0.035%	$24K	$405K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6360	−0.215%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6382	+0.127%	$2K	$4K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6383	+0.143%	—	$899K	10x
SoDEX PONS-USD	+0.0100%	1h	0.6373	−0.017%	$27K	$636K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6375	+0.024%	$67K	$537K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6372	−0.028%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0181%	1h	0.6381	+0.113%	$77K	$105K	5x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	0.6376	+0.035%	$397	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0405%	4h	0.6376	+0.035%	$14.5M	$60.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.6375	+0.025%	$1.8M	$4.3M	20x	as long as short
Aster PONSUSDT	+0.0535%	4h	0.6377	+0.047%	$1.2M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0600%	1h	0.6372	−0.025%	$450K	$2.6M	3x	as long as short
Pacifica PONS	+0.0616%	1h	0.6385	+0.172%	$47K	$76K	3x	as long as short
Polymarket Perps PONS-USDlong	+0.0661%	1h	0.6374	long leg	$75K	$2.1M	3x
Variational Omni PONS	+0.0662%	4h	0.6340	−0.530%	$1.6M	$4.3M	—	as long as short
MEXC PONS_USDT	+0.0676%	4h	0.6377	+0.050%	$7.9M	$4.5M	20x	as long as short
Binance PONSUSDT	+0.0679%	4h	0.6378	+0.066%	$41.9M	$101.3M	20x	as long as short
edgeX PONSUSDC	+0.0679%	4h	0.6348	−0.400%	$19K	$294K	10x	as long as short
Extended PONS-USD	+0.0680%	1h	0.6379	+0.080%	$184K	$881K	5x	as long as short
Hyperliquid PONS	+0.0720%	1h	0.6380	+0.094%	$65.5M	$31.1M	3x	as long as short
Bitget PONSUSDT	+0.0762%	4h	0.6381	+0.119%	$5.2M	$13.6M	20x	as long as short
BingX PONS-USDT	+0.0794%	4h	0.6371	−0.044%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0845%	4h	0.6374	+0.003%	$19.3M	$32.6M	20x	as long as short
Gate PONS_USDT	+0.0896%	4h	0.6365	−0.138%	$5.5M	$6.4M	20x	as long as short
BloFin PONS-USDT	+0.0916%	4h	0.6346	−0.436%	$1.9M	$1.1M	20x	as long as short
Lighter PONS	+0.1208%	1h	0.6376	+0.033%	$1.8M	$851K	3x	as long as short
Phoenix PONS	+0.1668%	1h	0.6353	−0.331%	$48K	$162K	3x	as long as short