PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h +0.098%

Price spread now: MEXC against SunX−0.077%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$215as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2602.601% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now −0.077%, 7d avg −0.041%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.036% cheaper against SunX than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.041%). If the spread goes back, that is −$4 on $10k: about 40 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.449% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5970	0.0100	pay 0.0050% / 4h	1h 42m	—	$1.4M	10x
Short	MEXC PONS_USDT	0.5965	0.0172	get 0.0086% / 4h	1h 42m	$7.7M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.077%Rate

Funding earned: $15.12
Price spread: −0.077% → −0.041%: −$3.64
Slippage, 4 orders: −$252.07
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$248.59
Costs to cover: 2.601%
Break-even: 122.1 days

Slippage from SunX: live order book, 11 min ago; MEXC: 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	105.93 bp	125.3 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.68 bp	4.4 bp −$4	15.9 bp −$159	418.7 bp −$41.9K	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	0.5957	−0.206%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.838%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5965	−0.077%	$21K	$432K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5964	−0.094%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5966	−0.060%	$13.5M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5965	−0.082%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5970	+0.015%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5942	−0.463%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5952	−0.288%	$34K	$344K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5969	−0.010%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDTlong	+0.0100%	4h	0.5970	long leg	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5962	−0.127%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5965	−0.075%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5957	−0.211%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5962	−0.119%	$371	—	3x	as long as short
Aster PONSUSDT	+0.0148%	4h	0.5966	−0.068%	$1.1M	$2.2M	20x	as long as short
BingX PONS-USDT	+0.0171%	4h	0.5964	−0.094%	—	$3.1M	—	as long as short
MEXC PONS_USDTshort	+0.0172%	4h	0.5965	−0.077%	$7.7M	$4.9M	20x
Binance PONSUSDT	+0.0175%	4h	0.5967	−0.037%	$38.8M	$97.5M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5964	−0.094%	$107K	$522K	5x	as long as short
edgeX PONSUSDC	+0.0181%	4h	0.5951	−0.318%	$21K	$294K	10x	as long as short
Nado PONS-PERP	+0.0203%	1h	0.5963	−0.105%	$90K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0415%	4h	0.5964	−0.094%	$1.7M	$980K	20x	as long as short
Lighter RH PONS	+0.0440%	1h	0.5964	−0.094%	$423K	$2.6M	3x	as long as short
Pacifica PONS	+0.0451%	1h	0.5963	−0.108%	$47K	$104K	3x	as long as short
Polymarket Perps PONS-USD	+0.0500%	1h	0.5966	−0.064%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0626%	1h	0.5969	−0.013%	$60.1M	$30.0M	3x	as long as short
Lighter PONS	+0.0872%	1h	0.5965	−0.080%	$1.7M	$984K	3x	as long as short
Gate PONS_USDT	+0.1310%	4h	0.5961	−0.144%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5952	−0.288%	$30K	$96K	3x	as long as short