PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0597%/8h= +65.4% APRnext payment +$2.98 per $10,000 · paid last 24h +0.114%

Price spread now: Bybit against SunX−0.646%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$323as in the Funding arb table

Net, price: spread back to 7d avg − costs−$418as in the Price arb table

costs, in and out, $10k−$3603.600% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.373%+$37 on $10k

Price spread, last 4 days (all we have)+0.582%+$58 · spread now −0.646%, 7d avg −0.065%

Together, before fees+0.955%+$95 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.581% cheaper against SunX than usual: you would sell low and buy high (spread −0.646% now, against its 7-day average of −0.065%). If the spread goes back, that is −$58 on $10k: about 3.2 days of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.373% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.373% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6267	0.0100	pay 0.0050% / 4h	39m 43s	—	$1.2M	10x
Short	Bybit PONSUSDT	0.6226	0.0697	get 0.0348% / 4h	39m 43s	$18.9M	$32.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.646%Rate

Funding earned: $125.34
Price spread: −0.646% → −0.065%: −$58.09
Slippage, 4 orders: −$341.05
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$292.8
Costs to cover: 3.600%
Break-even: 23.4 days

Slippage from SunX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	139.68 bp	158.0 bp −$158	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.80 bp	18.0 bp −$18	29.8 bp −$298	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 +0.0032% / S −0.0029%	1h	0.6254	−0.194%	$238K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6265	−0.024%	$22K	$454K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6266	−0.015%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6184	−1.321%	$30K	$303K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6257	−0.155%	$2K	$4K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6267	long leg	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6252	−0.223%	$27K	$628K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6276	+0.145%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6240	−0.423%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6252	−0.231%	$389	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0427%	4h	0.6218	−0.774%	$14.2M	$60.1M	20x	as long as short
Variational Omni PONS	+0.0520%	4h	0.6292	+0.411%	$1.5M	$4.2M	—	as long as short
Aster PONSUSDT	+0.0539%	4h	0.6235	−0.510%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0568%	4h	0.6228	−0.619%	$1.6M	$3.9M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6265	−0.026%	$48K	$68K	3x	as long as short
edgeX PONSUSDC	+0.0576%	4h	0.6276	+0.158%	$21K	$289K	10x	as long as short
MEXC PONS_USDT	+0.0606%	4h	0.6229	−0.598%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0613%	4h	0.6230	−0.577%	$41.0M	$102.9M	20x	as long as short
Extended PONS-USD	+0.0616%	1h	0.6236	−0.488%	$105K	$818K	5x	as long as short
BingX PONS-USDT	+0.0666%	4h	0.6232	−0.551%	—	$3.1M	—	as long as short
Bybit PONSUSDTshort	+0.0697%	4h	0.6226	−0.646%	$18.9M	$32.5M	20x
Bitget PONSUSDT	+0.0704%	4h	0.6220	−0.742%	$4.9M	$12.7M	20x	as long as short
Lighter RH PONS	+0.0720%	1h	0.6224	−0.680%	$446K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0809%	1h	0.6218	−0.776%	$63.3M	$30.2M	3x	as long as short
BloFin PONS-USDT	+0.0847%	4h	0.6305	+0.614%	$1.8M	$1.0M	20x	as long as short
Lighter PONS	+0.0888%	1h	0.6224	−0.680%	$1.7M	$846K	3x	as long as short
Gate PONS_USDT	+0.0898%	4h	0.6227	−0.630%	$5.5M	$6.4M	20x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−5.234%	$610	$10K	5.5x	as long as short
Polymarket Perps PONS-USD	+0.1387%	1h	0.6267	+0.003%	$90K	$2.2M	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6308	+0.669%	$48K	$127K	3x	as long as short