PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.055%

Price spread now: Aster against SunX−0.155%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$261as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2732.732% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now −0.155%, 7d avg −0.095%

Together, before fees−0.057%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.059% cheaper against SunX than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of −0.095%). If the spread goes back, that is −$6 on $10k: about 8.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.120% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5942	0.0100	pay 0.0050% / 4h	1h 31m	—	$1.4M	10x
Short	Aster PONSUSDT	0.5933	0.0123	get 0.0062% / 4h	1h 31m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.155%Rate

Funding earned: $4.88
Price spread: −0.155% → −0.095%: −$5.95
Slippage, 4 orders: −$257.17
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$274.24
Costs to cover: 2.732%
Break-even: 400.7 days

Slippage from SunX: live order book, 3 min ago; Aster: live order book, 2 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 SunX live order book, 3 min ago	105.70 bp	124.8 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.54 bp	11.9 bp −$12	29.7 bp −$297	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 −0.0034%	1h	0.5931	−0.181%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.459%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5941	−0.020%	$17K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5930	−0.205%	$17.7M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5930	−0.205%	$13.4M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5930	−0.202%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5935	−0.123%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5955	+0.221%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5941	−0.012%	$34K	$347K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5942	−0.008%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDTlong	+0.0100%	4h	0.5942	long leg	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5932	−0.172%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5953	+0.185%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5938	−0.071%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5926	−0.281%	$369	—	3x	as long as short
Aster PONSUSDTshort	+0.0123%	4h	0.5933	−0.155%	$1.1M	$2.2M	20x
Binance PONSUSDT	+0.0165%	4h	0.5933	−0.155%	$38.6M	$97.7M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5937	−0.088%	$245K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0168%	4h	0.5934	−0.138%	$7.7M	$4.9M	20x	as long as short
edgeX PONSUSDC	+0.0174%	4h	0.5941	−0.016%	$21K	$294K	10x	as long as short
BingX PONS-USDT	+0.0188%	4h	0.5930	−0.205%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0225%	1h	0.5942	−0.006%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0296%	1h	0.5934	−0.135%	$414K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0405%	4h	0.5944	+0.030%	$1.7M	$974K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5940	−0.041%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0468%	1h	0.5941	−0.022%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0642%	1h	0.5938	−0.069%	$59.9M	$30.0M	3x	as long as short
Lighter PONS	+0.0736%	1h	0.5937	−0.096%	$1.7M	$996K	3x	as long as short
Gate PONS_USDT	+0.1248%	4h	0.5930	−0.205%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5941	−0.019%	$30K	$96K	3x	as long as short