PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0332%/8h= −36.4% APRnext payment −$1.66 per $10,000 · paid last 24h −0.044%

Price spread now: SunX against Aster−0.064%7-day average +0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2672.674% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 3 days (all we have)+0.237%+$24 · spread now −0.064%, 7d avg +0.097%

Together, before fees+0.114%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.162% cheaper against Aster than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6038	0.0432	pay 0.0216% / 4h	1h 59m	$1.1M	$2.0M	20x
Short	SunX PONS-USDT	0.6034	0.0100	get 0.0050% / 4h	1h 59m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$69.81
Price spread: −0.064% → +0.097%: −$16.15
Slippage, 4 orders: −$251.41
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$353.37
Costs to cover: 2.674%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; SunX: 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 Aster live order book, 4 min ago	3.63 bp	9.8 bp −$10	29.8 bp −$298	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	104.44 bp	124.9 bp −$125	doesn't fit	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	0.6026	−0.208%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.137%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6038	−0.003%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	+0.162%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6068	+0.499%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6045	+0.113%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6034	−0.064%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6036	−0.036%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6058	+0.330%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6037	−0.020%	$1.6M	$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
Polymarket Perps PONS-USD	+0.0106%	1h	0.6037	−0.015%	$48K	$1.5M	3x	as long as short
Lighter PONS	+0.0176%	1h	0.6037	−0.026%	$1.7M	$871K	3x	as long as short
Lighter RH PONS	+0.0184%	1h	0.6045	+0.113%	$425K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.6037	−0.015%	$376	—	3x	as long as short
Hyperliquid PONS	+0.0264%	1h	0.6039	+0.010%	$61.5M	$27.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0267%	4h	0.6036	−0.036%	$13.9M	$54.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0316%	4h	0.6037	−0.018%	$1.7M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0370%	4h	0.6039	+0.014%	$4.7M	$11.2M	20x	as long as short
Aster PONSUSDTlong	+0.0432%	4h	0.6038	long leg	$1.1M	$2.0M	20x
BingX PONS-USDT	+0.0438%	4h	0.6034	−0.069%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0452%	4h	0.6040	+0.030%	$7.7M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0455%	4h	0.6034	−0.069%	$39.5M	$93.6M	20x	as long as short
Extended PONS-USD	+0.0456%	1h	0.6038	−0.010%	$250K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0459%	4h	0.6058	+0.321%	$21K	$293K	10x	as long as short
Bybit PONSUSDT	+0.0523%	4h	0.6034	−0.069%	$18.0M	$30.3M	20x	as long as short
Gate PONS_USDT	+0.0862%	4h	0.6033	−0.086%	$5.3M	$6.1M	20x	as long as short
Pacifica PONS	+0.0869%	1h	0.6042	+0.069%	$48K	$72K	3x	as long as short
Nado PONS-PERP	+0.1018%	1h	0.6038	−0.003%	$71K	$131K	5x	as long as short
Phoenix PONS	+0.1695%	1h	0.6060	+0.370%	$31K	$98K	3x	as long as short