PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.95 per $10,000 · paid last 24h +0.098%

Price spread now: Binance against SunX+0.094%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$304as in the Funding arb table

Net, price: spread back to 7d avg − costs−$335as in the Price arb table

costs, in and out, $10k−$3493.489% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.450%+$45 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.094%, 7d avg −0.041%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.135% dearer against SunX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6118	0.0100	pay 0.0050% / 4h	42m 44s	—	$1.4M	10x
Short	Binance PONSUSDT	0.6123	0.0291	get 0.0145% / 4h	42m 44s	$40.0M	$98.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.094%Rate

Funding earned: $40.04
Price spread: +0.094% → −0.041%: $13.53
Slippage, 4 orders: −$330.9
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$295.32
Costs to cover: 3.489%
Break-even: 58.6 days

Slippage from SunX: live order book, 12 min ago; Binance: live order book, 15 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, 12 min ago	141.74 bp	160.5 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.82 bp	13.3 bp −$13	43.8 bp −$438	281.1 bp −$28.1K	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.422%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0034%	1h	0.6111	−0.110%	$236K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6122	+0.070%	$20K	$445K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6117	−0.011%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6116	−0.028%	$18.5M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6118	+0.005%	$13.9M	$58.1M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6136	+0.295%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6124	+0.106%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6125	+0.118%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6118	long leg	—	$1.4M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6117	−0.020%	$28K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6147	+0.472%	$65K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6116	−0.028%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0112%	4h	0.6119	+0.028%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0124%	4h	0.6123	+0.085%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6118	+0.008%	$381	—	3x	as long as short
Lighter RH PONS	+0.0160%	1h	0.6121	+0.062%	$430K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0182%	4h	0.6115	−0.042%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0224%	1h	0.6123	+0.085%	$1.7M	$921K	3x	as long as short
Extended PONS-USD	+0.0288%	1h	0.6122	+0.064%	$253K	$682K	5x	as long as short
Binance PONSUSDTshort	+0.0291%	4h	0.6123	+0.094%	$40.0M	$98.9M	20x
MEXC PONS_USDT	+0.0296%	4h	0.6121	+0.054%	$8.1M	$4.8M	20x	as long as short
BingX PONS-USDT	+0.0302%	4h	0.6120	+0.038%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0306%	4h	0.6124	+0.101%	$21K	$294K	10x	as long as short
BloFin PONS-USDT	+0.0531%	4h	0.6119	+0.021%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0717%	1h	0.6121	+0.057%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6116	−0.025%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0970%	1h	0.6125	+0.116%	$62.2M	$30.8M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6123	+0.088%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2106%	4h	0.6116	−0.028%	$5.4M	$6.2M	20x	as long as short