PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.99 per $10,000 · paid last 24h +0.084%

Price spread now: Bitget against SunX−0.460%50s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$325as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3653.647% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$39 on $10k

Price spread, last 3 days (all we have)+0.464%+$46 · spread now −0.460%, 7d avg −0.014%

Together, before fees+0.859%+$86 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.446% cheaper against SunX than usual: you would sell low and buy high (spread −0.460% now, against its 7-day average of −0.014%). If the spread goes back, that is −$45 on $10k: about 7.5 days of funding at the current rate (+$6 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6040	0.0100	pay 0.0050% / 4h	2h 33m	—	$1.3M	10x
Short	Bitget PONSUSDT	0.6012	0.0298	get 0.0149% / 4h	2h 33m	$4.7M	$11.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.460%Rate

Funding earned: $41.58
Price spread: −0.460% → −0.014%: −$44.64
Slippage, 4 orders: −$344.7
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$367.77
Costs to cover: 3.647%
Break-even: 68.9 days

Slippage from SunX: live order book, 11 min ago; Bitget: live order book, 5 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, 11 min ago	140.99 bp	160.0 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.17 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit

PONS on 29 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	0.6003	−0.599%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.161%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6013	−0.440%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6045	+0.082%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.036%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6042	+0.045%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6040	long leg	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6035	−0.073%	$26K	$526K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6057	+0.288%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6034	−0.093%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6023	−0.277%	$420K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6038	−0.026%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0216%	4h	0.6012	−0.457%	$13.8M	$55.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0216%	4h	0.6011	−0.480%	$1.7M	$3.7M	20x	as long as short
Nado PONS-PERP	+0.0246%	1h	0.6016	−0.397%	$70K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0256%	4h	0.6009	−0.507%	$18.0M	$30.8M	20x	as long as short
Lighter PONS	+0.0280%	1h	0.6023	−0.277%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDTshort	+0.0298%	4h	0.6012	−0.460%	$4.7M	$11.3M	20x
Aster PONSUSDT	+0.0360%	4h	0.6020	−0.325%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0396%	4h	0.6011	−0.474%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0406%	4h	0.6011	−0.474%	$39.4M	$95.8M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6020	−0.328%	$249K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0408%	4h	0.6009	−0.507%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6039	−0.006%	$21K	$293K	10x	as long as short
Gate PONS_USDT	+0.0586%	4h	0.6016	−0.391%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0686%	1h	0.6015	−0.416%	$61.2M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0726%	1h	0.6012	−0.459%	$45K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6018	−0.359%	$47K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6038	−0.035%	$31K	$107K	3x	as long as short