Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX+0.305%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$310as in the Price arb table

costs, in and out, $10k−$3353.349% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−1.086%−$109 · spread now +0.305%, 7d avg +0.058%

Together, before fees−1.086%−$109 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: ApeX Omni is 0.248% dearer against SunX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5997	0.0100	pay 0.0050% / 4h	1h 08m	—	$1.3M	10x
Short	ApeX Omni PONSUSDT	0.6015	0.0100	get 0.0013% / 1h	8m 54s	$33K	$351K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.305%Rate

Funding earned: $0
Price spread: +0.305% → +0.058%: $24.76
Slippage, 4 orders: −$316.87
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$310.11
Costs to cover: 3.349%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; ApeX Omni: live order book, 54 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 SunX live order book, 5 min ago	106.11 bp	125.0 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 54 min ago	19.04 bp	57.9 bp −$58	138.3 bp −$1,383	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	0.5987	−0.163%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.452%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5993	−0.060%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDTshort	+0.0100%	1h	0.6015	+0.305%	$33K	$351K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6002	+0.093%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5997	long leg	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5994	−0.043%	$26K	$528K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6004	+0.122%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5990	−0.110%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0178%	4h	0.6018	+0.362%	$1.4M	$3.9M	—	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	+0.0216%	1h	0.6002	+0.085%	$374	—	3x	as long as short
Nado PONS-PERP	+0.0235%	1h	0.5996	−0.010%	$70K	$129K	5x	as long as short
Gate PONS_USDT	+0.0236%	4h	0.5988	−0.143%	$5.2M	$6.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0311%	4h	0.5986	−0.177%	$13.6M	$54.8M	20x	as long as short
Lighter RH PONS	+0.0312%	1h	0.5996	−0.010%	$417K	$2.5M	3x	as long as short
Lighter PONS	+0.0328%	1h	0.5996	−0.010%	$1.7M	$877K	3x	as long as short
Bitget PONSUSDT	+0.0422%	4h	0.5989	−0.120%	$4.7M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0450%	4h	0.5987	−0.160%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0470%	4h	0.5991	−0.092%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0484%	4h	0.5985	−0.193%	$17.9M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.5988	−0.143%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0526%	4h	0.5990	−0.110%	$7.6M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0528%	1h	0.5986	−0.177%	$248K	$671K	5x	as long as short
Binance PONSUSDT	+0.0532%	4h	0.5986	−0.170%	$39.4M	$94.7M	20x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.6026	+0.490%	$18K	$292K	10x	as long as short
Hyperliquid PONS	+0.0755%	1h	0.5991	−0.085%	$61.0M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5993	−0.064%	$47K	$69K	3x	as long as short
BloFin PONS-USDT	+0.0772%	4h	0.5997	+0.007%	$1.7M	$963K	20x	as long as short
Polymarket Perps PONS-USD	+0.0848%	1h	0.5997	+0.003%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6017	+0.347%	$31K	$98K	3x	as long as short