Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.029%

Price spread now: SunX against Aevo+0.033%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.033% dearer against Aevo than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.6280	0.0264	pay 0.0033% / 1h	53m 36s	$391	—	3x
Short	SunX PONS-USDT	0.6282	0.0100	get 0.0050% / 4h	2h 53m	—	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$34.44
Price spread: +0.033% → 0.000%: $3.34
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$55.1
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 9 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell SunX live order book, 9 min ago	105.31 bp	125.3 bp −$125	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0030%	1h	0.6394	+1.823%	$251K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.433%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6281	+0.021%	$23K	$427K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6283	+0.046%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6339	+0.938%	$32K	$286K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6291	+0.182%	$2K	$4K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6282	+0.033%	—	$1.1M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6283	+0.056%	$27K	$632K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6293	+0.217%	$66K	$529K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6290	+0.164%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps PONS-USD	+0.0162%	1h	0.6279	−0.019%	$73K	$2.2M	3x	as long as short
Lighter RH PONS	+0.0168%	1h	0.6271	−0.139%	$429K	$2.6M	3x	as long as short
Lighter PONS	+0.0184%	1h	0.6273	−0.105%	$1.7M	$860K	3x	as long as short
Hyperliquid PONS	+0.0218%	1h	0.6266	−0.221%	$64.2M	$31.0M	3x	as long as short
Aevo PONS-PERPlong	+0.0264%	1h	0.6280	long leg	$391	—	3x
OKX PONS-USDT-SWAP	+0.0469%	4h	0.6270	−0.154%	$14.3M	$60.8M	20x	as long as short
Aster PONSUSDT	+0.0486%	4h	0.6266	−0.211%	$1.2M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0550%	4h	0.6282	+0.032%	$1.8M	$4.2M	20x	as long as short
Variational Omni PONS	+0.0689%	4h	0.6315	+0.566%	$1.6M	$4.5M	—	as long as short
Binance PONSUSDT	+0.0725%	4h	0.6271	−0.133%	$41.5M	$103.8M	20x	as long as short
MEXC PONS_USDT	+0.0734%	4h	0.6270	−0.154%	$7.9M	$4.6M	20x	as long as short
Extended PONS-USD	+0.0736%	1h	0.6270	−0.153%	$105K	$815K	5x	as long as short
edgeX PONSUSDC	+0.0760%	4h	0.6339	+0.950%	$19K	$293K	10x	as long as short
Bitget PONSUSDT	+0.0780%	4h	0.6273	−0.110%	$5.0M	$13.6M	20x	as long as short
Pacifica PONS	+0.0810%	1h	0.6269	−0.168%	$47K	$78K	3x	as long as short
BloFin PONS-USDT	+0.0983%	4h	0.6288	+0.132%	$1.9M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.1080%	4h	0.6262	−0.282%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.1114%	4h	0.6271	−0.139%	$19.1M	$33.4M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6337	+0.912%	$48K	$162K	3x	as long as short
Gate PONS_USDT	+0.2818%	4h	0.6279	−0.011%	$5.4M	$6.5M	20x	as long as short