Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.063%

Price spread now: SunX against Nado−0.022%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$347as in the Price arb table

costs, in and out, $10k−$3413.405% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.022%, 7d avg +0.044%

Together, before fees+0.111%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.066% cheaper against Nado than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.6302	0.0100	pay 0.0012% / 1h	7m 09s	$77K	$92K	5x
Short	SunX PONS-USDT	0.6301	0.0100	get 0.0050% / 4h	1h 07m	—	$847K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Nado. 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 NadobpFee SunXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.044%: −$6.65
Slippage, 4 orders: −$332.52
Fee Nado: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$347.17
Costs to cover: 3.405%
Break-even: 17833686910683840.0 days

Slippage from Nado: live order book, 38 min ago; SunX: live order book, 69 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 Nado live order book, 38 min ago	17.37 bp	43.7 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 69 min ago	104.42 bp	124.9 bp −$125	doesn't fit	doesn't fit	doesn't fit

PONS on 30 exchanges

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	0.6266	−0.576%	$247K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.773%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6306	+0.059%	$22K	$395K	20x	as long as short
Nado PONS-PERPlong	+0.0100%	1h	0.6302	long leg	$77K	$92K	5x
Gate PONS_USDT	+0.0100%	4h	0.6287	−0.243%	$5.4M	$6.5M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6276	−0.424%	$31K	$285K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6302	−0.003%	$2K	$4K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6301	−0.022%	—	$847K	10x
SoDEX PONS-USD	+0.0100%	1h	0.6296	−0.095%	$27K	$596K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6294	−0.138%	$65K	$549K	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6291	−0.179%	$1.7M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0225%	1h	0.6295	−0.116%	$64.5M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6296	−0.100%	$392	—	3x	as long as short
Lighter PONS	+0.0280%	1h	0.6297	−0.092%	$1.7M	$858K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0281%	4h	0.6296	−0.100%	$14.0M	$59.0M	20x	as long as short
Lighter RH PONS	+0.0320%	1h	0.6294	−0.133%	$459K	$2.7M	3x	as long as short
Aster PONSUSDT	+0.0447%	4h	0.6300	−0.037%	$1.2M	$2.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.0471%	1h	0.6304	+0.025%	$89K	$2.0M	3x	as long as short
KuCoin PONSUSDTM	+0.0492%	4h	0.6296	−0.106%	$1.8M	$4.3M	20x	as long as short
Variational Omni PONS	+0.0580%	4h	0.6259	−0.689%	$1.5M	$3.9M	—	as long as short
Extended PONS-USD	+0.0592%	1h	0.6294	−0.132%	$181K	$854K	5x	as long as short
Binance PONSUSDT	+0.0593%	4h	0.6305	+0.043%	$40.6M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0594%	4h	0.6301	−0.021%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0602%	4h	0.6277	−0.400%	$18K	$294K	10x	as long as short
Pacifica PONS	+0.0616%	1h	0.6295	−0.111%	$46K	$73K	3x	as long as short
Bitget PONSUSDT	+0.0716%	4h	0.6297	−0.087%	$5.0M	$13.1M	20x	as long as short
BingX PONS-USDT	+0.0722%	4h	0.6288	−0.227%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0770%	4h	0.6302	−0.005%	$18.9M	$31.6M	20x	as long as short
BloFin PONS-USDT	+0.0834%	4h	0.6295	−0.116%	$1.8M	$1.1M	20x	as long as short
Phoenix PONS	+0.1637%	1h	0.6260	−0.668%	$48K	$162K	3x	as long as short