PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.103%

Price spread now: edgeX against SunX+0.304%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2912.910% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 3 days (all we have)−1.327%−$133 · spread now +0.304%, 7d avg −0.042%

Together, before fees−0.851%+ Points / potential airdropedgeX: Active · farm board−$85 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.346% dearer against SunX than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5896	0.0100	pay 0.0050% / 4h	2h 49m	—	$1.4M	10x
Short	edgeX PONSUSDC	0.5914	0.0189	get 0.0094% / 4h	2h 49m	$21K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.304%Rate

Funding earned: $18.61
Price spread: +0.304% → −0.042%: $34.61
Slippage, 4 orders: −$274.05
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$237.83
Costs to cover: 2.910%
Break-even: 96.5 days

Slippage from SunX: live order book, 5 min ago; edgeX: live order book, 38 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, 5 min ago	105.17 bp	124.3 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	11.84 bp	20.7 bp −$21	doesn't fit	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 +0.0032% / S −0.0034%	1h	0.5880	−0.273%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.407%	$609	$6K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5886	−0.171%	$396K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5882	−0.231%	$21K	$456K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5882	−0.231%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5881	−0.248%	$13.5M	$55.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5883	−0.221%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5883	−0.209%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5902	+0.101%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5913	+0.299%	$34K	$327K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5892	−0.063%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5896	long leg	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5881	−0.246%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5893	−0.039%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5883	−0.214%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5885	−0.180%	$367	—	3x	as long as short
Binance PONSUSDT	+0.0164%	4h	0.5883	−0.215%	$38.3M	$98.1M	20x	as long as short
MEXC PONS_USDT	+0.0166%	4h	0.5882	−0.231%	$7.6M	$5.1M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5883	−0.217%	$105K	$531K	5x	as long as short
BingX PONS-USDT	+0.0176%	4h	0.5884	−0.197%	—	$3.1M	—	as long as short
edgeX PONSUSDCshort	+0.0189%	4h	0.5914	+0.304%	$21K	$293K	10x
Aster PONSUSDT	+0.0221%	4h	0.5888	−0.133%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0285%	1h	0.5884	−0.200%	$89K	$103K	5x	as long as short
Polymarket Perps PONS-USD	+0.0341%	1h	0.5882	−0.224%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5886	−0.163%	$1.7M	$964K	20x	as long as short
Gate PONS_USDT	+0.0424%	4h	0.5880	−0.265%	$5.1M	$6.7M	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5887	−0.143%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0683%	1h	0.5883	−0.207%	$58.8M	$29.8M	3x	as long as short
Lighter PONS	+0.0760%	1h	0.5888	−0.129%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5909	+0.236%	$27K	$86K	3x	as long as short