PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0293%/8h= +32.1% APRnext payment +$1.47 per $10,000 · paid last 24h +0.043%

Price spread now: Aster against SunX−0.286%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2702.701% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.772%−$77 · spread now −0.286%, 7d avg −0.094%

Together, before fees−0.650%+ Points / potential airdropAster: Stage 5 · farm board−$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.191% cheaper against SunX than usual: you would sell low and buy high (spread −0.286% now, against its 7-day average of −0.094%). If the spread goes back, that is −$19 on $10k: about 2.2 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.123% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5965	0.0100	pay 0.0050% / 4h	1h 45m	—	$1.3M	10x
Short	Aster PONSUSDT	0.5948	0.0393	get 0.0197% / 4h	1h 45m	$1.1M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.286%Rate

Funding earned: $61.63
Price spread: −0.286% → −0.094%: −$19.15
Slippage, 4 orders: −$254.11
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$227.63
Costs to cover: 2.701%
Break-even: 32.9 days

Slippage from SunX: live order book, 8 min ago; Aster: live order book, 3 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 SunX live order book, 8 min ago	105.20 bp	124.0 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.19 bp	10.6 bp −$11	28.5 bp −$285	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 +0.0033% / S −0.0033%	1h	0.5952	−0.223%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.075%	$614	$10K	5.5x	as long as short
Lighter PONS	+0.0096%	1h	0.5960	−0.085%	$1.6M	$874K	3x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5958	−0.111%	$418K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5963	−0.034%	$20K	$423K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5962	−0.045%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5963	−0.032%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5965	long leg	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5955	−0.168%	$26K	$517K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5973	+0.139%	$64K	$507K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5953	−0.201%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0105%	4h	0.5961	−0.068%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.5958	−0.123%	$371	—	3x	as long as short
Nado PONS-PERP	+0.0236%	1h	0.5960	−0.084%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0278%	4h	0.5970	+0.084%	$13.6M	$54.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0348%	4h	0.5962	−0.057%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0382%	4h	0.5977	+0.208%	$4.6M	$11.3M	20x	as long as short
Aster PONSUSDTshort	+0.0393%	4h	0.5948	−0.286%	$1.1M	$2.0M	20x
Extended PONS-USD	+0.0456%	1h	0.5968	+0.053%	$246K	$670K	5x	as long as short
MEXC PONS_USDT	+0.0458%	4h	0.5961	−0.067%	$7.6M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0461%	4h	0.5968	+0.043%	$39.0M	$93.7M	20x	as long as short
edgeX PONSUSDC	+0.0472%	4h	0.5966	+0.010%	$21K	$291K	10x	as long as short
BingX PONS-USDT	+0.0498%	4h	0.5980	+0.251%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0514%	4h	0.5966	+0.017%	$17.9M	$30.3M	20x	as long as short
Gate PONS_USDT	+0.0518%	4h	0.5977	+0.201%	$5.2M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0661%	1h	0.5960	−0.085%	$60.7M	$27.7M	3x	as long as short
BloFin PONS-USDT	+0.0699%	4h	0.5957	−0.134%	—	$948K	20x	as long as short
Polymarket Perps PONS-USD	+0.0725%	1h	0.5961	−0.074%	$48K	$1.6M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5962	−0.044%	$47K	$72K	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5973	+0.131%	$31K	$98K	3x	as long as short