PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0390%/8h= −42.7% APRnext payment −$1.95 per $10,000 · paid last 24h −0.108%

Price spread now: SunX against Bybit+0.082%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2842.841% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.353%−$35 on $10k

Price spread, last 4 days (all we have)+1.038%+$104 · spread now +0.082%, 7d avg +0.069%

Together, before fees+0.685%+$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.5954	0.0490	pay 0.0245% / 4h	1h 06m	$17.8M	$30.7M	20x
Short	SunX PONS-USDT	0.5959	0.0100	get 0.0050% / 4h	1h 06m	—	$1.3M	10x

Funding history

latest

Range statsloading…

SunX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee SunXbpOrdersPrice spread, now +0.082%Rate

Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 8 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	0.83 bp	17.5 bp −$18	46.4 bp −$464	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	106.11 bp	125.9 bp −$126	doesn't fit	doesn't fit	doesn't fit

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	0.5948	−0.093%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.260%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5959	+0.084%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5981	+0.452%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5961	+0.121%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.5959	+0.082%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5957	+0.047%	$26K	$527K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5980	+0.435%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5956	+0.034%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0178%	4h	0.6018	+1.080%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PONS_USDT	+0.0194%	4h	0.5964	+0.168%	$5.2M	$6.3M	20x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5958	+0.067%	$371	—	3x	as long as short
Nado PONS-PERP	+0.0241%	1h	0.5957	+0.050%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0256%	1h	0.5958	+0.066%	$411K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0311%	4h	0.5956	+0.034%	$13.5M	$54.6M	20x	as long as short
Lighter PONS	+0.0320%	1h	0.5958	+0.069%	$1.6M	$877K	3x	as long as short
Aster PONSUSDT	+0.0420%	4h	0.5951	−0.058%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0424%	4h	0.5959	+0.091%	$4.7M	$11.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.5960	+0.101%	$1.6M	$3.7M	20x	as long as short
Bybit PONSUSDTlong	+0.0490%	4h	0.5954	long leg	$17.8M	$30.7M	20x
BingX PONS-USDT	+0.0506%	4h	0.5958	+0.067%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0520%	1h	0.5955	+0.012%	$246K	$671K	5x	as long as short
Binance PONSUSDT	+0.0520%	4h	0.5958	+0.066%	$39.3M	$94.8M	20x	as long as short
MEXC PONS_USDT	+0.0522%	4h	0.5959	+0.084%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.5994	+0.667%	$18K	$292K	10x	as long as short
Pacifica PONS	+0.0755%	1h	0.5956	+0.031%	$47K	$69K	3x	as long as short
Hyperliquid PONS	+0.0760%	1h	0.5959	+0.091%	$60.7M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0762%	4h	0.5970	+0.269%	$1.7M	$959K	20x	as long as short
Polymarket Perps PONS-USD	+0.0849%	1h	0.5958	+0.067%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5996	+0.697%	$31K	$98K	3x	as long as short