Funding you earn now, next payment 08:00 UTC−0.0734%/8h= −80.3% APRnext payment −$3.67 per $10,000 · paid last 24h −0.169%
Price spread now: SunX against BloFin−0.141%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$452as in the Funding arb table
Net, price: spread back to 7d avg − costs−$369as in the Price arb table
costs, in and out, $10k−$3543.540% of the position
Funding, last 7 days−0.978%−$98 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.141%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and SunX is 0.149% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PONS-USDT | 0.6180 | 0.0834 | pay 0.0417% / 4h | 16m 38s | $1.8M | $1.1M | 20x |
| Short | SunX PONS-USDT | 0.6171 | 0.0100 | get 0.0050% / 4h | 16m 38s | — | $1.2M | 10x |
BloFin PONS-USDT
SunX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against BloFin. 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
- −$154.05
- Price spread: −0.141% → +0.008%
- −$14.87
- Slippage, 4 orders
- −$334.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$522.96
- Costs to cover
- 3.540%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; SunX: live order book, 7 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 BloFin live order book, 1 min ago | 6.47 bp | 13.7 bp −$14 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 142.10 bp | 162.2 bp −$162 | 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 +0.0032% / S −0.0029% | 1h | 0.6166 | −0.228% | $234K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6179 | −0.016% | $22K | $455K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6178 | −0.034% | $72K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6153 | −0.437% | $30K | $300K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6184 | +0.058% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDTshort | +0.0100% | 4h | 0.6171 | −0.141% | — | $1.2M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6181 | +0.016% | $26K | $639K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6177 | −0.052% | $67K | $536K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6173 | −0.113% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0224% | 1h | 0.6178 | −0.034% | $385 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PONS-USDT-SWAP | +0.0415% | 4h | 0.6183 | +0.049% | $14.0M | $60.9M | 20x | as long as short |
| Gate PONS_USDT | +0.0452% | 4h | 0.6168 | −0.194% | $5.5M | $6.6M | 20x | as long as short |
| Aster PONSUSDT | +0.0487% | 4h | 0.6185 | +0.084% | $1.1M | $2.4M | 20x | as long as short |
| Variational Omni PONS | +0.0490% | 4h | 0.6128 | −0.843% | $1.5M | $4.2M | — | as long as short |
| Lighter RH PONS | +0.0512% | 1h | 0.6184 | +0.058% | $417K | $2.7M | 3x | as long as short |
| Lighter PONS | +0.0536% | 1h | 0.6188 | +0.129% | $1.7M | $855K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0538% | 4h | 0.6181 | +0.016% | $1.6M | $4.0M | 20x | as long as short |
| Pacifica PONS | +0.0572% | 1h | 0.6184 | +0.072% | $47K | $77K | 3x | as long as short |
| Extended PONS-USD | +0.0592% | 1h | 0.6184 | +0.070% | $103K | $828K | 5x | as long as short |
| MEXC PONS_USDT | +0.0592% | 4h | 0.6183 | +0.049% | $7.8M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0592% | 4h | 0.6150 | −0.483% | $20K | $292K | 10x | as long as short |
| Binance PONSUSDT | +0.0605% | 4h | 0.6185 | +0.081% | $40.1M | $105.1M | 20x | as long as short |
| Hyperliquid PONS | +0.0623% | 1h | 0.6185 | +0.084% | $62.9M | $30.4M | 3x | as long as short |
| Bybit PONSUSDT | +0.0650% | 4h | 0.6184 | +0.065% | $18.5M | $33.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0666% | 4h | 0.6188 | +0.129% | — | $3.2M | — | as long as short |
| Bitget PONSUSDT | +0.0706% | 4h | 0.6189 | +0.141% | $4.9M | $13.0M | 20x | as long as short |
| BloFin PONS-USDTlong | +0.0834% | 4h | 0.6180 | long leg | $1.8M | $1.1M | 20x | |
| Polymarket Perps PONS-USD | +0.1035% | 1h | 0.6178 | −0.039% | $73K | $2.3M | 3x | as long as short |
| Injective PONS/USDC PERP | +0.1069% | 1h | 0.5938 | −3.908% | $610 | $10K | 5.5x | as long as short |
| Phoenix PONS | +0.1405% | 1h | 0.6159 | −0.345% | $47K | $127K | 3x | as long as short |
OKX PONS-USDT-SWAP
Gate PONS_USDT
Aster PONSUSDT
Variational Omni PONS
Lighter RH PONS
Lighter PONS
KuCoin PONSUSDTM
Pacifica PONS
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
Binance PONSUSDT
Hyperliquid PONS
Bybit PONSUSDT
BingX PONS-USDT
Bitget PONSUSDT
Polymarket Perps PONS-USD
Injective PONS/USDC PERP
Phoenix PONS