PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0326%/8h= −35.7% APRnext payment −$1.63 per $10,000 · paid last 24h −0.026%

Price spread now: SunX against OKX+0.025%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$299as in the Funding arb table

Net, price: spread back to 7d avg − costs−$275as in the Price arb table

costs, in and out, $10k−$2712.708% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.025%, 7d avg +0.069%

Together, before fees−0.194%−$19 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 0.044% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.5916	0.0426	pay 0.0213% / 4h	2h 02m	$13.4M	$55.8M	20x
Short	SunX PONS-USDT	0.5917	0.0100	get 0.0050% / 4h	2h 02m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$68.43
Price spread: +0.025% → +0.069%: −$4.41
Slippage, 4 orders: −$252.79
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$343.63
Costs to cover: 2.708%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; SunX: live order book, 1 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 OKX live order book, 1 min ago	0.85 bp	12.0 bp −$12	31.6 bp −$316	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	105.07 bp	125.0 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	0.5905	−0.188%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.904%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5917	+0.012%	$407K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5916	0.000%	$21K	$423K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5920	+0.069%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5915	−0.020%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5905	−0.189%	$29K	$329K	5x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.5917	+0.025%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5917	+0.025%	$26K	$585K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5915	−0.024%	$64K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5914	−0.034%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0124%	4h	0.5910	−0.101%	$5.2M	$6.4M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5912	−0.068%	$368	—	3x	as long as short
Hyperliquid PONS	+0.0233%	1h	0.5917	+0.011%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAPlong	+0.0426%	4h	0.5916	long leg	$13.4M	$55.8M	20x
Aster PONSUSDT	+0.0480%	4h	0.5915	−0.015%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0584%	1h	0.5915	−0.013%	$101K	$811K	5x	as long as short
Binance PONSUSDT	+0.0587%	4h	0.5919	+0.046%	$37.4M	$98.5M	20x	as long as short
MEXC PONS_USDT	+0.0592%	4h	0.5917	+0.017%	$7.5M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0602%	4h	0.5913	−0.049%	$20K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0646%	4h	0.5921	+0.078%	$4.7M	$12.3M	20x	as long as short
Variational Omni PONS	+0.0659%	4h	0.5914	−0.026%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0684%	4h	0.5916	0.000%	$1.6M	$3.8M	20x	as long as short
Pacifica PONS	+0.0715%	1h	0.5912	−0.069%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0740%	1h	0.5916	+0.002%	$87K	$1.9M	3x	as long as short
Lighter PONS	+0.0824%	1h	0.5918	+0.032%	$1.6M	$941K	3x	as long as short
BloFin PONS-USDT	+0.0834%	4h	0.5909	−0.118%	$1.7M	$958K	20x	as long as short
BingX PONS-USDT	+0.0898%	4h	0.5917	+0.017%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0928%	4h	0.5916	0.000%	$17.6M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5914	−0.029%	$45K	$121K	3x	as long as short