Funding you earn now, next payment 08:00 UTC−0.0542%/8h= −59.4% APRnext payment −$2.71 per $10,000 · paid last 24h −0.101%
Price spread now: SunX against edgeX−0.167%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$338as in the Funding arb table
Net, price: spread back to 7d avg − costs−$309as in the Price arb table
costs, in and out, $10k−$2882.881% of the position
Funding, last 7 days−0.500%−$50 on $10k
+Price spread, last 4 days (all we have)+0.457%+$46 · spread now −0.167%, 7d avg +0.044%
=Together, before fees−0.043%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SunX is 0.211% cheaper against edgeX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PONSUSDC | 0.6002 | 0.0642 | pay 0.0321% / 4h | 3h 20m | $18K | $293K | 10x |
| Short | SunX PONS-USDT | 0.5992 | 0.0100 | get 0.0050% / 4h | 3h 20m | — | $1.3M | 10x |
edgeX PONSUSDC
SunX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against edgeX. 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
- −$113.92
- Price spread: −0.167% → +0.044%
- −$21.14
- Slippage, 4 orders
- −$271.09
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$423.16
- Costs to cover
- 2.881%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 32 min ago; SunX: live order book, 3 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 edgeX live order book, 32 min ago | 11.60 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 105.04 bp | 124.7 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 | 0.5981 | −0.339% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.539% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6012 | +0.169% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5991 | −0.174% | $70K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6004 | +0.038% | $34K | $339K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5996 | −0.091% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDTshort | +0.0100% | 4h | 0.5992 | −0.167% | — | $1.3M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5991 | −0.174% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6013 | +0.183% | $65K | $512K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5992 | −0.164% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0120% | 1h | 0.5993 | −0.154% | $408K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.5988 | −0.230% | $373 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0364% | 4h | 0.6009 | +0.119% | $13.6M | $54.9M | 20x | as long as short |
| Variational Omni PONS | +0.0465% | 4h | 0.5989 | −0.215% | $1.4M | $4.0M | — | as long as short |
| Hyperliquid PONS | +0.0476% | 1h | 0.5994 | −0.137% | $61.3M | $28.0M | 3x | as long as short |
| Lighter PONS | +0.0520% | 1h | 0.5994 | −0.125% | $1.6M | $893K | 3x | as long as short |
| Aster PONSUSDT | +0.0525% | 4h | 0.5996 | −0.094% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0540% | 4h | 0.6006 | +0.068% | $4.6M | $11.5M | 20x | as long as short |
| Extended PONS-USD | +0.0616% | 1h | 0.6001 | −0.008% | $107K | $809K | 5x | as long as short |
| MEXC PONS_USDT | +0.0616% | 4h | 0.5994 | −0.130% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0623% | 4h | 0.6008 | +0.101% | $39.3M | $94.1M | 20x | as long as short |
| edgeX PONSUSDClong | +0.0642% | 4h | 0.6002 | long leg | $18K | $293K | 10x | |
| Polymarket Perps PONS-USD | +0.0714% | 1h | 0.5993 | −0.149% | $71K | $1.6M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0760% | 4h | 0.5995 | −0.117% | $1.6M | $3.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0857% | 4h | 0.5990 | −0.197% | $1.7M | $953K | 20x | as long as short |
| BingX PONS-USDT | +0.0920% | 4h | 0.6014 | +0.203% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0926% | 4h | 0.6005 | +0.053% | $18.0M | $30.5M | 20x | as long as short |
| Gate PONS_USDT | +0.1072% | 4h | 0.5998 | −0.064% | $5.3M | $6.2M | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.5998 | −0.070% | $47K | $68K | 3x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.5978 | −0.404% | $45K | $109K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Variational Omni PONS
Hyperliquid PONS
Lighter PONS
Aster PONSUSDT
Bitget PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BloFin PONS-USDT
BingX PONS-USDT
Bybit PONSUSDT
Gate PONS_USDT
Pacifica PONS
Phoenix PONS