Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.100%
Price spread now: SunX against Extended−0.014%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$433as in the Funding arb table
Net, price: spread back to 7d avg − costs−$383as in the Price arb table
costs, in and out, $10k−$3753.748% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.580%−$58 on $10k
Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.014%, 7d avg +0.067%
Together, before fees−0.418%+ Points / potential airdropExtended: Active · farm board−$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.081% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PONS-USD0.61830.0608pay 0.0076% / 1h15m 01s$104K$828K5x
ShortSunX PONS-USDT0.61820.0100get 0.0050% / 4h15m 01s$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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

Funding earned
−$106.68
Price spread: −0.014% → +0.067%
−$8.05
Slippage, 4 orders
−$361.75
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$489.49
Costs to cover
3.748%
Break-even
never at this rate
Slippage from Extended: live order book, 23 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 23 min ago10.96 bp25.5 bp −$25181.4 bp −$1,814doesn't fitdoesn't fit
Sell SunX live order book, 9 min ago142.10 bp162.2 bp −$162doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0029%1h0.6176−0.112%$235K150xas long as short
Popdex PONSUSDT+0.0096%1h0.6187+0.072%$22K$455K20xas long as short
Nado PONS-PERP+0.0100%1h0.6187+0.078%$72K$130K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6153−0.478%$30K$300K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6190+0.129%$2K$4K10xas long as short
SunX PONS-USDTshort+0.0100%4h0.6182−0.014%$1.2M10x
SoDEX PONS-USD+0.0100%1h0.6185+0.032%$26K$639K3xas long as short
HTX PONS-USDT+0.0100%4h0.6198+0.250%$67K$536K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6183+0.007%$1.7M$3.2M20xas long as short
Aevo PONS-PERP+0.0232%1h0.6186+0.056%$3853xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX PONS-USDT-SWAP+0.0416%4h0.6188+0.088%$14.0M$61.0M20xas long as short
Gate PONS_USDT+0.0468%4h0.6175−0.122%$5.5M$6.6M20xas long as short
Aster PONSUSDT+0.0486%4h0.6192+0.146%$1.1M$2.4M20xas long as short
Variational Omni PONS+0.0505%4h0.6176−0.105%$1.5M$4.2Mas long as short
Lighter PONS+0.0536%1h0.6190+0.119%$1.7M$856K3xas long as short
KuCoin PONSUSDTM+0.0540%4h0.6185+0.032%$1.6M$4.0M20xas long as short
Lighter RH PONS+0.0552%1h0.6188+0.085%$417K$2.7M3xas long as short
Pacifica PONS+0.0572%1h0.6182−0.012%$46K$77K3xas long as short
MEXC PONS_USDT+0.0604%4h0.6188+0.088%$7.8M$4.8M20xas long as short
edgeX PONSUSDC+0.0604%4h0.6181−0.027%$20K$292K10xas long as short
Binance PONSUSDT+0.0607%4h0.6189+0.104%$40.1M$105.2M20xas long as short
Extended PONS-USDlong+0.0608%1h0.6183long leg$104K$828K5x
Hyperliquid PONS+0.0621%1h0.6187+0.078%$62.9M$30.4M3xas long as short
BingX PONS-USDT+0.0666%4h0.6192+0.153%$3.2Mas long as short
Bybit PONSUSDT+0.0674%4h0.6187+0.072%$18.5M$33.0M20xas long as short
Bitget PONSUSDT+0.0706%4h0.6190+0.116%$4.9M$13.0M20xas long as short
BloFin PONS-USDT+0.0847%4h0.6191+0.137%$1.8M$1.1M20xas long as short
Polymarket Perps PONS-USD+0.1029%1h0.6184+0.022%$73K$2.3M3xas long as short
Injective PONS/USDC PERP+0.1069%1h0.5938−3.947%$610$10K5.5xas long as short
Phoenix PONS+0.1405%1h0.6159−0.386%$47K$127K3xas long as short