Funding you earn now, next payment 00:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.159%
Price spread now: SunX against BingX+0.072%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$341as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2762.761% of the position
Funding, last 7 days−0.646%−$65 on $10k
+Price spread, last 3 days (all we have)+0.143%+$14 · spread now +0.072%, 7d avg +0.017%
=The price spread pays, funding is against you. SunX is 0.055% dearer against BingX than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.017%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.646% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.5983 | 0.0192 | pay 0.0096% / 4h | 1h 19m | — | $3.1M | — |
| Short | SunX PONS-USDT | 0.5987 | 0.0100 | get 0.0050% / 4h | 1h 19m | — | $1.4M | 10x |
BingX PONS-USDT
SunX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.32
- Price spread: +0.072% → +0.017%
- $5.48
- Slippage, 4 orders
- −$258.06
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$289.9
- Costs to cover
- 2.761%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; SunX: live order book, 5 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 BingX live order book, 5 min ago | 2.50 bp | 10.4 bp −$10 | 20.5 bp −$205 | 284.0 bp −$28.4K | doesn't fit |
| Sell SunX live order book, 5 min ago | 106.57 bp | 126.9 bp −$127 | 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 −0.0034% | 1h | 0.5983 | −0.002% | $219K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.226% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5985 | +0.033% | $19K | $439K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5983 | 0.000% | $17.9M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5984 | +0.017% | $13.5M | $56.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5985 | +0.040% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5988 | +0.084% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5988 | +0.079% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5993 | +0.162% | $35K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5989 | +0.109% | $3K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDTshort | +0.0100% | 4h | 0.5987 | +0.072% | — | $1.4M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5982 | −0.008% | $27K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5999 | +0.271% | $64K | $506K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5982 | −0.017% | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5985 | +0.029% | $373 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0140% | 4h | 0.5984 | +0.020% | $1.1M | $2.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0186% | 4h | 0.5987 | +0.067% | $38.9M | $97.8M | 20x | as long as short |
| MEXC PONS_USDT | +0.0190% | 4h | 0.5985 | +0.033% | $7.8M | $4.9M | 20x | as long as short |
| Extended PONS-USD | +0.0192% | 1h | 0.5985 | +0.031% | $248K | $667K | 5x | as long as short |
| BingX PONS-USDTlong | +0.0192% | 4h | 0.5983 | long leg | — | $3.1M | — | |
| edgeX PONSUSDC | +0.0192% | 4h | 0.5985 | +0.030% | $21K | $293K | 10x | as long as short |
| Nado PONS-PERP | +0.0214% | 1h | 0.5985 | +0.027% | $91K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0360% | 1h | 0.5988 | +0.082% | $423K | $2.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0431% | 4h | 0.5986 | +0.050% | $1.7M | $980K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5985 | +0.040% | $47K | $96K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0490% | 1h | 0.5986 | +0.050% | $37K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0670% | 1h | 0.5989 | +0.109% | $60.5M | $30.1M | 3x | as long as short |
| Lighter PONS | +0.0688% | 1h | 0.5987 | +0.065% | $1.7M | $998K | 3x | as long as short |
| Gate PONS_USDT | +0.1354% | 4h | 0.5986 | +0.050% | $5.2M | $6.5M | 20x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5991 | +0.135% | $30K | $96K | 3x | as long as short |
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
edgeX PONSUSDC
Nado PONS-PERP
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Lighter PONS
Gate PONS_USDT
Phoenix PONS