PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0326%/8h= −35.7% APRnext payment −$1.63 per $10,000 · paid last 24h −0.084%

Price spread now: SunX against MEXC−0.122%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$300as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2552.551% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.453%−$45 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.122%, 7d avg +0.044%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.166% cheaper against MEXC than usual: you would sell low and buy high (−$17 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	MEXC PONS_USDT	0.6069	0.0426	pay 0.0213% / 4h	2h 15m	$7.8M	$4.8M	20x
Short	SunX PONS-USDT	0.6062	0.0100	get 0.0050% / 4h	2h 15m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$68.46
Price spread: −0.122% → +0.044%: −$16.61
Slippage, 4 orders: −$247.09
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$340.16
Costs to cover: 2.551%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.82 bp	3.7 bp −$4	12.2 bp −$122	342.5 bp −$34.3K	doesn't fit
Sell SunX live order book, 9 min ago	104.44 bp	124.8 bp −$125	doesn't fit	doesn't fit	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6058	−0.184%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.639%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6069	0.000%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6064	−0.084%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6062	−0.120%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6067	−0.036%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6062	−0.122%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6069	−0.008%	$26K	$524K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6083	+0.237%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6061	−0.132%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0168%	1h	0.6065	−0.072%	$426K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6071	+0.039%	$378	—	3x	as long as short
Nado PONS-PERP	+0.0220%	1h	0.6070	+0.016%	$71K	$131K	5x	as long as short
Lighter PONS	+0.0232%	1h	0.6065	−0.066%	$1.7M	$885K	3x	as long as short
KuCoin PONSUSDTM	+0.0252%	4h	0.6067	−0.033%	$1.7M	$3.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0253%	4h	0.6071	+0.033%	$13.9M	$55.2M	20x	as long as short
Bitget PONSUSDT	+0.0336%	4h	0.6074	+0.076%	$4.7M	$11.3M	20x	as long as short
Bybit PONSUSDT	+0.0360%	4h	0.6066	−0.049%	$18.2M	$30.5M	20x	as long as short
BingX PONS-USDT	+0.0400%	4h	0.6069	0.000%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0406%	4h	0.6059	−0.162%	$1.1M	$2.0M	20x	as long as short
Extended PONS-USD	+0.0424%	1h	0.6067	−0.041%	$250K	$672K	5x	as long as short
Binance PONSUSDT	+0.0426%	4h	0.6070	+0.016%	$39.8M	$94.8M	20x	as long as short
MEXC PONS_USDTlong	+0.0426%	4h	0.6069	long leg	$7.8M	$4.8M	20x
edgeX PONSUSDC	+0.0433%	4h	0.6056	−0.206%	$21K	$293K	10x	as long as short
Hyperliquid PONS	+0.0680%	1h	0.6072	+0.043%	$61.9M	$28.0M	3x	as long as short
Gate PONS_USDT	+0.0706%	4h	0.6060	−0.148%	$5.3M	$6.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0752%	1h	0.6069	−0.005%	$46K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6066	−0.043%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6070	+0.020%	$31K	$107K	3x	as long as short