PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0302%/8h= −33.1% APRnext payment −$1.51 per $10,000 · paid last 24h −0.084%

Price spread now: SunX against Binance+0.313%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$391as in the Funding arb table

Net, price: spread back to 7d avg − costs−$319as in the Price arb table

costs, in and out, $10k−$3463.461% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.453%−$45 on $10k

Price spread, last 3 days (all we have)−0.295%−$30 · spread now +0.313%, 7d avg +0.042%

Together, before fees−0.748%−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.270% dearer against Binance than usual: you sell high and buy low (spread +0.313% now, against its 7-day average of +0.042%): +$27 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6042	0.0402	pay 0.0201% / 4h	2h 42m	$39.6M	$95.9M	20x
Short	SunX PONS-USDT	0.6061	0.0100	get 0.0050% / 4h	2h 42m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.313%Rate

Funding earned: −$63.42
Price spread: +0.313% → +0.042%: $27.04
Slippage, 4 orders: −$328.13
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$382.51
Costs to cover: 3.461%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; SunX: live order book, 11 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 Binance live order book, 15 min ago	1.66 bp	11.0 bp −$11	45.3 bp −$453	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	141.01 bp	161.0 bp −$161	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 −0.0033%	1h	0.6048	+0.107%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.200%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6057	+0.248%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6019	−0.380%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6030	−0.205%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6061	+0.319%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6061	+0.313%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6057	+0.245%	$26K	$529K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6068	+0.429%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6055	+0.215%	$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
Aevo PONS-PERP	+0.0176%	1h	0.6056	+0.225%	$377	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0206%	4h	0.6039	−0.050%	$13.8M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0218%	4h	0.6046	+0.065%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0252%	4h	0.6039	−0.050%	$18.2M	$30.9M	20x	as long as short
Bitget PONSUSDT	+0.0294%	4h	0.6037	−0.083%	$4.7M	$11.4M	20x	as long as short
Nado PONS-PERP	+0.0300%	1h	0.6058	+0.265%	$71K	$132K	5x	as long as short
Lighter RH PONS	+0.0304%	1h	0.6058	+0.257%	$423K	$2.5M	3x	as long as short
Aster PONSUSDT	+0.0332%	4h	0.6048	+0.106%	$1.1M	$2.0M	20x	as long as short
Lighter PONS	+0.0368%	1h	0.6057	+0.250%	$1.7M	$883K	3x	as long as short
MEXC PONS_USDT	+0.0390%	4h	0.6042	0.000%	$7.8M	$4.7M	20x	as long as short
BingX PONS-USDT	+0.0390%	4h	0.6038	−0.066%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0400%	1h	0.6038	−0.065%	$250K	$682K	5x	as long as short
Binance PONSUSDTlong	+0.0402%	4h	0.6042	long leg	$39.6M	$95.9M	20x
edgeX PONSUSDC	+0.0411%	4h	0.6023	−0.314%	$21K	$293K	10x	as long as short
BloFin PONS-USDT	+0.0646%	4h	0.6065	+0.381%	$1.8M	$984K	20x	as long as short
Gate PONS_USDT	+0.0688%	4h	0.6038	−0.066%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0725%	1h	0.6052	+0.164%	$61.6M	$28.7M	3x	as long as short
Polymarket Perps PONS-USD	+0.0798%	1h	0.6058	+0.273%	$46K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6059	+0.286%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6022	−0.338%	$31K	$107K	3x	as long as short