Funding you earn now, next payment 08:00 UTC−0.0472%/8h= −51.7% APRnext payment −$2.36 per $10,000 · paid last 24h −0.080%
Price spread now: SunX against Bitget−0.029%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$322as in the Funding arb table
Net, price: spread back to 7d avg − costs−$285as in the Price arb table
costs, in and out, $10k−$2812.807% of the position
Funding, last 7 days−0.414%−$41 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.029%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and SunX is 0.039% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.5933 | 0.0572 | pay 0.0286% / 4h | 2h 35m | $4.7M | $11.8M | 20x |
| Short | SunX PONS-USDT | 0.5931 | 0.0100 | get 0.0050% / 4h | 2h 35m | — | $1.3M | 10x |
Bitget PONSUSDT
SunX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$99.12
- Price spread: −0.029% → +0.010%
- −$3.86
- Slippage, 4 orders
- −$260.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$383.71
- Costs to cover
- 2.807%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; SunX: live order book, 9 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 Bitget live order book, 3 min ago | 1.10 bp | 19.1 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 104.59 bp | 124.8 bp −$125 | 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 | 0.5925 | −0.138% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.619% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5932 | −0.017% | $414K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5938 | +0.088% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5934 | +0.020% | $69K | $130K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5924 | −0.148% | $5.2M | $6.2M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5901 | −0.539% | $29K | $334K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5947 | +0.236% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDTshort | +0.0100% | 4h | 0.5931 | −0.029% | — | $1.3M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5937 | +0.062% | $26K | $547K | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5946 | +0.224% | $64K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5937 | +0.071% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5927 | −0.095% | $369 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0245% | 1h | 0.5929 | −0.069% | $60.3M | $29.2M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0374% | 4h | 0.5922 | −0.182% | $13.4M | $54.8M | 20x | as long as short |
| Aster PONSUSDT | +0.0483% | 4h | 0.5924 | −0.144% | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDTlong | +0.0572% | 4h | 0.5933 | long leg | $4.7M | $11.8M | 20x | |
| Variational Omni PONS | +0.0576% | 4h | 0.5912 | −0.349% | $1.4M | $4.1M | — | as long as short |
| MEXC PONS_USDT | +0.0602% | 4h | 0.5938 | +0.088% | $7.5M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0608% | 4h | 0.5927 | −0.098% | $38.7M | $94.9M | 20x | as long as short |
| Lighter PONS | +0.0608% | 1h | 0.5938 | +0.081% | $1.6M | $886K | 3x | as long as short |
| Extended PONS-USD | +0.0608% | 1h | 0.5941 | +0.145% | $106K | $807K | 5x | as long as short |
| edgeX PONSUSDC | +0.0610% | 4h | 0.5909 | −0.394% | $20K | $295K | 10x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5933 | +0.005% | $46K | $68K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0748% | 4h | 0.5935 | +0.037% | $1.6M | $3.8M | 20x | as long as short |
| BingX PONS-USDT | +0.0766% | 4h | 0.5934 | +0.020% | — | $3.0M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0804% | 1h | 0.5935 | +0.044% | $111K | $1.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0848% | 4h | 0.5939 | +0.105% | $1.7M | $946K | 20x | as long as short |
| Bybit PONSUSDT | +0.0883% | 4h | 0.5923 | −0.165% | $17.7M | $31.0M | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5887 | −0.775% | $45K | $121K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Variational Omni PONS
MEXC PONS_USDT
Binance PONSUSDT
Lighter PONS
Extended PONS-USD
edgeX PONSUSDC
Pacifica PONS
KuCoin PONSUSDTM
BingX PONS-USDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Bybit PONSUSDT
Phoenix PONS