Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni+0.012%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$434as in the Funding arb table

Net, price: spread back to 7d avg − costs−$427as in the Price arb table

costs, in and out, $10k−$4344.337% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now +0.012%, 7d avg −0.060%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.072% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.5905	0.0100	pay 0.0013% / 1h	2m 53s	$29K	$329K	5x
Short	SunX PONS-USDT	0.5906	0.0100	get 0.0050% / 4h	2h 02m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.060%: $7.2
Slippage, 4 orders: −$415.72
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$426.52
Costs to cover: 4.337%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; SunX: live order book, 11 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 ApeX Omni live order book, 44 min ago	32.31 bp	54.6 bp −$55	130.2 bp −$1,302	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	106.34 bp	174.3 bp −$174	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 +0.0033% / S −0.0032%	1h	0.5897	−0.130%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.096%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5907	+0.037%	$406K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5906	+0.020%	$21K	$424K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5911	+0.098%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5903	−0.032%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.5905	long leg	$29K	$329K	5x
SunX PONS-USDTshort	+0.0100%	4h	0.5906	+0.012%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5909	+0.080%	$25K	$585K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5902	−0.047%	$64K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5906	+0.020%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0106%	4h	0.5909	+0.071%	$5.2M	$6.4M	20x	as long as short
Hyperliquid PONS	+0.0231%	1h	0.5914	+0.150%	$60.1M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5907	+0.046%	$368	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0423%	4h	0.5910	+0.088%	$13.4M	$55.7M	20x	as long as short
Aster PONSUSDT	+0.0480%	4h	0.5910	+0.086%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5910	+0.092%	$101K	$811K	5x	as long as short
MEXC PONS_USDT	+0.0592%	4h	0.5913	+0.139%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0594%	4h	0.5912	+0.122%	$37.4M	$98.5M	20x	as long as short
edgeX PONSUSDC	+0.0602%	4h	0.5913	+0.140%	$20K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0642%	4h	0.5915	+0.164%	$4.7M	$12.3M	20x	as long as short
Variational Omni PONS	+0.0659%	4h	0.5914	+0.164%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0686%	4h	0.5910	+0.083%	$1.6M	$3.8M	20x	as long as short
Pacifica PONS	+0.0715%	1h	0.5904	−0.022%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0736%	1h	0.5905	+0.008%	$87K	$1.9M	3x	as long as short
Lighter PONS	+0.0824%	1h	0.5912	+0.119%	$1.6M	$941K	3x	as long as short
BloFin PONS-USDT	+0.0834%	4h	0.5909	+0.071%	$1.7M	$958K	20x	as long as short
BingX PONS-USDT	+0.0915%	4h	0.5913	+0.139%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0933%	4h	0.5911	+0.105%	$17.6M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5914	+0.161%	$45K	$121K	3x	as long as short