PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0156%/8h= +17.0% APRnext payment +$0.78 per $10,000 · paid last 24h +0.108%

Price spread now: Bybit against SunX−0.002%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$348as in the Price arb table

costs, in and out, $10k−$3553.552% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.354%+$35 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.002%, 7d avg −0.071%

Together, before fees+0.291%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.070% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6020	0.0100	pay 0.0050% / 4h	2h 32m	—	$1.3M	10x
Short	Bybit PONSUSDT	0.6020	0.0256	get 0.0128% / 4h	2h 32m	$18.1M	$30.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.002%Rate

Funding earned: $32.69
Price spread: −0.002% → −0.071%: $6.97
Slippage, 4 orders: −$336.16
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$315.49
Costs to cover: 3.552%
Break-even: 74.6 days

Slippage from SunX: live order book, 11 min ago; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.66 bp	17.3 bp −$17	34.0 bp −$340	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	−0.277%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.841%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6013	−0.118%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6045	+0.406%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.360%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6019	−0.017%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6020	long leg	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6011	−0.154%	$26K	$526K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6037	+0.279%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6011	−0.151%	$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	0.6010	−0.169%	$419K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6015	−0.093%	$375	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0216%	4h	0.6021	+0.015%	$13.8M	$55.5M	20x	as long as short
KuCoin PONSUSDTM	+0.0216%	4h	0.6011	−0.145%	$1.7M	$3.7M	20x	as long as short
Nado PONS-PERP	+0.0246%	1h	0.6016	−0.074%	$70K	$131K	5x	as long as short
Bybit PONSUSDTshort	+0.0256%	4h	0.6020	−0.002%	$18.1M	$30.7M	20x
Lighter PONS	+0.0280%	1h	0.6010	−0.163%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0298%	4h	0.6018	−0.042%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0360%	4h	0.6010	−0.168%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0396%	4h	0.6024	+0.065%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0406%	4h	0.6016	−0.075%	$39.4M	$95.8M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6011	−0.148%	$249K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0408%	4h	0.6016	−0.068%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6039	+0.318%	$21K	$293K	10x	as long as short
Gate PONS_USDT	+0.0586%	4h	0.6012	−0.135%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0682%	1h	0.6011	−0.145%	$61.1M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0726%	1h	0.6012	−0.136%	$45K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6018	−0.036%	$47K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6038	+0.289%	$31K	$107K	3x	as long as short