Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Popdex against SunX−0.039%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$462as in the Price arb table
costs, in and out, $10k−$4614.611% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.005%−$1 on $10k
Price spread, last 3 days (all we have)−0.476%−$48 · spread now −0.039%, 7d avg −0.033%
Together, before fees−0.481%−$48 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PONS-USDT0.58980.0100pay 0.0050% / 4h2h 34m$1.4M10x
ShortPopdex PONSUSDT0.58960.0096get 0.0012% / 1h34m 52s$21K$447K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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

Funding earned
−$0.84
Price spread: −0.039% → −0.033%
−$0.64
Slippage, 4 orders
−$446.72
Fee SunX: 4 bp × 2 orders
−$8
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$462.61
Costs to cover
4.611%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Popdex: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago106.37 bp125.4 bp −$125doesn't fitdoesn't fitdoesn't fit
Sell Popdex live order book, 54 min ago7.52 bp104.8 bp −$105doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0034%1h0.5891−0.130%$216K150xas long as short
Injective PONS/USDC PERP+0.0066%1h0.5920+0.361%$609$6K5.5xas long as short
Popdex PONSUSDTshort+0.0096%1h0.5896−0.039%$21K$447K20x
Bybit PONSUSDT+0.0100%4h0.5896−0.039%$17.7M$31.8M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.5900+0.029%$13.4M$56.1M20xas long as short
KuCoin PONSUSDTM+0.0100%4h0.5896−0.034%$1.7M$3.7M20xas long as short
Bitget PONSUSDT+0.0100%4h0.5904+0.100%$4.6M$11.7M20xas long as short
Variational Omni PONS+0.0100%4h0.5865−0.560%$1.3M$4.3Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5866−0.546%$34K$330K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5897−0.024%$2K$3K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX PONS-USDTlong+0.0100%4h0.5898long leg$1.4M10x
SoDEX PONS-USD+0.0100%1h0.5896−0.044%$27K$549K3xas long as short
HTX PONS-USDT+0.0100%4h0.5900+0.036%$64K$504K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5894−0.073%$1.7M$3.3M20xas long as short
Aevo PONS-PERP+0.0120%1h0.5893−0.086%$3673xas long as short
Nado PONS-PERP+0.0148%1h0.5895−0.056%$89K$103K5xas long as short
Gate PONS_USDT+0.0148%4h0.5890−0.141%$5.1M$6.8M20xas long as short
BingX PONS-USDT+0.0154%4h0.5900+0.029%$3.1Mas long as short
MEXC PONS_USDT+0.0160%4h0.5900+0.029%$7.5M$5.2M20xas long as short
edgeX PONSUSDC+0.0163%4h0.5834−1.099%$20K$292K10xas long as short
Extended PONS-USD+0.0168%1h0.5900+0.034%$105K$533K5xas long as short
Binance PONSUSDT+0.0169%4h0.5902+0.063%$38.3M$98.3M20xas long as short
Aster PONSUSDT+0.0197%4h0.5895−0.064%$1.1M$2.2M20xas long as short
Polymarket Perps PONS-USD+0.0338%1h0.5897−0.024%$38K$1.8M3xas long as short
BloFin PONS-USDT+0.0409%4h0.5900+0.029%$1.7M$968K20xas long as short
Pacifica PONS+0.0474%1h0.5887−0.185%$47K$103K3xas long as short
Hyperliquid PONS+0.0558%1h0.5903+0.073%$59.0M$30.0M3xas long as short
Lighter RH PONS+0.0576%1h0.5895−0.056%$394K$2.6M3xas long as short
Lighter PONS+0.1056%1h0.5895−0.049%$1.7M$881K3xas long as short
Phoenix PONS+0.1275%1h0.5836−1.049%$27K$86K3xas long as short