PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0474%/8h= +51.9% APRnext payment +$2.37 per $10,000 · paid last 24h +0.129%

Price spread now: BingX against SunX+0.095%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2872.870% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.649%+$65 on $10k

Price spread, last 4 days (all we have)−0.706%−$71 · spread now +0.095%, 7d avg −0.016%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and BingX is 0.111% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6002	0.0100	pay 0.0050% / 4h	4m 16s	—	$1.3M	10x
Short	BingX PONS-USDT	0.6008	0.0574	get 0.0287% / 4h	4m 16s	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $99.54
Price spread: +0.095% → −0.016%: $11.13
Slippage, 4 orders: −$269.01
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$176.34
Costs to cover: 2.870%
Break-even: 19.4 days

Slippage from SunX: live order book, 10 min ago; BingX: live order book, 6 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, 10 min ago	106.18 bp	125.1 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	6.65 bp	16.3 bp −$16	35.5 bp −$355	139.9 bp −$14.0K	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 −0.0032%	1h	0.5995	−0.124%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.546%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6002	−0.005%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6014	+0.202%	$34K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6005	+0.047%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6002	long leg	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6008	+0.088%	$26K	$536K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6024	+0.362%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6010	+0.128%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6004	+0.032%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0283%	4h	0.6009	+0.119%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0304%	1h	0.6003	+0.007%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0322%	4h	0.6004	+0.028%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0360%	1h	0.6006	+0.062%	$1.6M	$897K	3x	as long as short
Aster PONSUSDT	+0.0444%	4h	0.6000	−0.045%	$1.1M	$2.1M	20x	as long as short
Lighter RH PONS	+0.0456%	1h	0.6006	+0.062%	$420K	$2.6M	3x	as long as short
Bitget PONSUSDT	+0.0488%	4h	0.6010	+0.125%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0498%	4h	0.6005	+0.045%	$17.9M	$30.9M	20x	as long as short
Gate PONS_USDT	+0.0500%	4h	0.6000	−0.038%	$5.2M	$6.4M	20x	as long as short
BingX PONS-USDTshort	+0.0574%	4h	0.6008	+0.095%	—	$3.0M	—
MEXC PONS_USDT	+0.0598%	4h	0.6004	+0.028%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0599%	4h	0.6005	+0.041%	$39.3M	$95.3M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6004	+0.022%	$108K	$813K	5x	as long as short
edgeX PONSUSDC	+0.0616%	4h	0.6003	+0.018%	$18K	$293K	10x	as long as short
KuCoin PONSUSDTM	+0.0694%	4h	0.6004	+0.025%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0818%	1h	0.6005	+0.040%	$61.4M	$28.4M	3x	as long as short
BloFin PONS-USDT	+0.0838%	4h	0.6008	+0.095%	$1.8M	$957K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6000	−0.033%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0863%	1h	0.6003	+0.007%	$71K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6012	+0.163%	$33K	$104K	3x	as long as short