Funding you earn now, next payment 04:00 UTC+0.0504%/8h= +55.2% APRnext payment +$2.52 per $10,000 · paid last 24h +0.157%
Price spread now: BloFin against SunX−0.103%55s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as 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−$2782.775% of the position
Funding, last 7 days+0.957%+$96 on $10k
+Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.103%, 7d avg +0.007%
=Funding pays, the price is against you. BloFin is 0.110% cheaper against SunX than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.007%). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$15 a day). The two prices were read 55 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 | 0.6102 | 0.0100 | pay 0.0050% / 4h | 3h 15m | — | $1.3M | 10x |
| Short | BloFin PONS-USDT | 0.6096 | 0.0604 | get 0.0302% / 4h | 3h 15m | $1.8M | $990K | 20x |
SunX PONS-USDT
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against SunX. 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
- $105.9
- Price spread: −0.103% → +0.007%
- −$10.99
- Slippage, 4 orders
- −$257.55
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$182.64
- Costs to cover
- 2.775%
- Break-even
- 19.1 days
Slippage from SunX: live order book, 9 min ago; BloFin: live order book, 2 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, 9 min ago | 105.38 bp | 124.1 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 4.92 bp | 14.4 bp −$14 | 41.7 bp −$417 | 137.2 bp −$13.7K | 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 | 0.6082 | −0.333% | $241K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.176% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6095 | −0.120% | $429K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6105 | +0.044% | $20K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6089 | −0.225% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6088 | −0.236% | $33K | $356K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6099 | −0.061% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDTlong | +0.0100% | 4h | 0.6102 | long leg | — | $1.3M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6093 | −0.144% | $28K | $544K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6094 | −0.134% | $65K | $510K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6093 | −0.152% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0176% | 1h | 0.6095 | −0.120% | $380 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0186% | 4h | 0.6102 | −0.005% | $13.9M | $56.5M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0200% | 4h | 0.6100 | −0.041% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0266% | 4h | 0.6107 | +0.074% | $4.8M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0293% | 4h | 0.6096 | −0.098% | $1.1M | $2.1M | 20x | as long as short |
| edgeX PONSUSDC | +0.0363% | 4h | 0.6098 | −0.075% | $21K | $294K | 10x | as long as short |
| MEXC PONS_USDT | +0.0364% | 4h | 0.6105 | +0.044% | $7.9M | $4.8M | 20x | as long as short |
| Extended PONS-USD | +0.0368% | 1h | 0.6098 | −0.069% | $252K | $678K | 5x | as long as short |
| Binance PONSUSDT | +0.0374% | 4h | 0.6104 | +0.033% | $40.1M | $96.3M | 20x | as long as short |
| Lighter PONS | +0.0416% | 1h | 0.6096 | −0.110% | $1.7M | $933K | 3x | as long as short |
| BingX PONS-USDT | +0.0560% | 4h | 0.6103 | +0.011% | — | $3.1M | — | as long as short |
| BloFin PONS-USDTshort | +0.0604% | 4h | 0.6096 | −0.103% | $1.8M | $990K | 20x | |
| Bybit PONSUSDT | +0.0607% | 4h | 0.6104 | +0.028% | $18.3M | $30.9M | 20x | as long as short |
| Nado PONS-PERP | +0.0607% | 1h | 0.6101 | −0.028% | $105K | $115K | 5x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6099 | −0.052% | $48K | $78K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0772% | 1h | 0.6106 | +0.056% | $45K | $1.6M | 3x | as long as short |
| Gate PONS_USDT | +0.0830% | 4h | 0.6093 | −0.152% | $5.3M | $6.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0869% | 1h | 0.6106 | +0.056% | $62.1M | $29.1M | 3x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6094 | −0.141% | $32K | $113K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
edgeX PONSUSDC
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
Lighter PONS
BingX PONS-USDT
Bybit PONSUSDT
Nado PONS-PERP
Pacifica PONS
Polymarket Perps PONS-USD
Gate PONS_USDT
Hyperliquid PONS
Phoenix PONS