PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0752%/8h= −82.4% APRnext payment −$3.76 per $10,000 · paid last 24h −0.169%

Price spread now: SunX against BloFin−0.151%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$377as in the Funding arb table

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2792.790% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.978%−$98 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.151%, 7d avg +0.008%

Together, before fees−0.902%−$90 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and SunX is 0.159% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6016	0.0852	pay 0.0426% / 4h	3h 45m	$1.7M	$961K	20x
Short	SunX PONS-USDT	0.6007	0.0100	get 0.0050% / 4h	3h 45m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BloFin. 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 BloFinbpFee SunXbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$157.97
Price spread: −0.151% → +0.008%: −$15.89
Slippage, 4 orders: −$258.97
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$452.83
Costs to cover: 2.790%
Break-even: never at this rate

Slippage from BloFin: 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 BloFin live order book, 3 min ago	5.82 bp	13.2 bp −$13	32.7 bp −$327	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	105.64 bp	126.0 bp −$126	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	0.6002	−0.226%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.773%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6010	−0.100%	$21K	$435K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6006	−0.166%	$70K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5998	−0.306%	$34K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6018	+0.028%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6007	−0.151%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6011	−0.075%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6013	−0.043%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6015	−0.017%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6013	−0.048%	$375	—	3x	as long as short
Lighter RH PONS	+0.0256%	1h	0.6011	−0.090%	$404K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0334%	4h	0.6011	−0.083%	$13.7M	$55.5M	20x	as long as short
Variational Omni PONS	+0.0351%	4h	0.6007	−0.142%	$1.4M	$3.9M	—	as long as short
Gate PONS_USDT	+0.0452%	4h	0.6007	−0.150%	$5.3M	$6.1M	20x	as long as short
Aster PONSUSDT	+0.0475%	4h	0.6011	−0.078%	$1.1M	$2.1M	20x	as long as short
Lighter PONS	+0.0488%	1h	0.6013	−0.055%	$1.6M	$891K	3x	as long as short
Bitget PONSUSDT	+0.0506%	4h	0.6015	−0.012%	$4.6M	$11.6M	20x	as long as short
Hyperliquid PONS	+0.0566%	1h	0.6011	−0.088%	$61.5M	$28.5M	3x	as long as short
edgeX PONSUSDC	+0.0609%	4h	0.6010	−0.099%	$18K	$294K	10x	as long as short
MEXC PONS_USDT	+0.0612%	4h	0.6013	−0.050%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0612%	4h	0.6013	−0.050%	$39.3M	$95.2M	20x	as long as short
Extended PONS-USD	+0.0616%	1h	0.6013	−0.045%	$108K	$812K	5x	as long as short
KuCoin PONSUSDTM	+0.0712%	4h	0.6014	−0.030%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0716%	1h	0.6009	−0.121%	$74K	$1.6M	3x	as long as short
BingX PONS-USDT	+0.0798%	4h	0.6014	−0.033%	—	$3.0M	—	as long as short
BloFin PONS-USDTlong	+0.0852%	4h	0.6016	long leg	$1.7M	$961K	20x
Bybit PONSUSDT	+0.0939%	4h	0.6011	−0.083%	$18.0M	$30.8M	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.6008	−0.132%	$47K	$67K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.6013	−0.047%	$43K	$109K	3x	as long as short