PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0934%/8h= −102.3% APRnext payment −$4.67 per $10,000 · paid last 24h −0.109%

Price spread now: SunX against Bybit+0.045%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$392as in the Funding arb table

Net, price: spread back to 7d avg − costs−$354as in the Price arb table

costs, in and out, $10k−$3523.518% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.401%−$40 on $10k

Price spread, last 4 days (all we have)+1.075%+$108 · spread now +0.045%, 7d avg +0.062%

Together, before fees+0.674%+$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.401% in total (about -20.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.67 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	Bybit PONSUSDT	0.6179	0.1034	pay 0.0517% / 4h	3h 31m	$18.6M	$33.1M	20x
Short	SunX PONS-USDT	0.6182	0.0100	get 0.0050% / 4h	3h 31m	—	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$196.2
Price spread: +0.045% → +0.062%: −$1.71
Slippage, 4 orders: −$332.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$549.71
Costs to cover: 3.518%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 2 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 Bybit live order book, 2 min ago	1.62 bp	16.4 bp −$16	35.8 bp −$358	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	139.88 bp	160.0 bp −$160	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 −0.0030%	1h	0.6168	−0.175%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−3.892%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6180	+0.016%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6171	−0.127%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6239	+0.966%	$31K	$291K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6169	−0.162%	$72K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6179	+0.005%	$2K	$4K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6182	+0.045%	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6180	+0.010%	$26K	$622K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6195	+0.264%	$66K	$527K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6178	−0.016%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6175	−0.059%	$385	—	3x	as long as short
Hyperliquid PONS	+0.0311%	1h	0.6187	+0.134%	$63.3M	$30.7M	3x	as long as short
Lighter RH PONS	+0.0376%	1h	0.6186	+0.118%	$419K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0408%	4h	0.6179	0.000%	$14.2M	$60.6M	20x	as long as short
Aster PONSUSDT	+0.0422%	4h	0.6175	−0.067%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.6181	+0.034%	$1.7M	$4.1M	20x	as long as short
Lighter PONS	+0.0544%	1h	0.6188	+0.138%	$1.7M	$868K	3x	as long as short
Variational Omni PONS	+0.0577%	4h	0.6231	+0.849%	$1.6M	$4.4M	—	as long as short
Binance PONSUSDT	+0.0629%	4h	0.6184	+0.081%	$40.5M	$104.1M	20x	as long as short
Extended PONS-USD	+0.0632%	1h	0.6181	+0.039%	$104K	$827K	5x	as long as short
MEXC PONS_USDT	+0.0632%	4h	0.6181	+0.032%	$7.9M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0651%	4h	0.6214	+0.559%	$20K	$292K	10x	as long as short
Gate PONS_USDT	+0.0680%	4h	0.6184	+0.081%	$5.4M	$6.4M	20x	as long as short
Bitget PONSUSDT	+0.0722%	4h	0.6186	+0.118%	$5.0M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6185	+0.101%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0879%	4h	0.6191	+0.194%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.1018%	4h	0.6177	−0.032%	—	$3.2M	—	as long as short
Bybit PONSUSDTlong	+0.1034%	4h	0.6179	long leg	$18.6M	$33.1M	20x
Phoenix PONS	+0.1714%	1h	0.6208	+0.476%	$47K	$159K	3x	as long as short