PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0375%/8h= +41.0% APRnext payment +$1.87 per $10,000 · paid last 24h +0.060%

Price spread now: Aster against SunX+0.304%46s7-day average −0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2782.776% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)−1.362%−$136 · spread now +0.304%, 7d avg −0.088%

Together, before fees−1.205%+ Points / potential airdropAster: Stage 5 · farm board−$121 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aster is 0.392% dearer against SunX than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.088%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.87 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	SunX PONS-USDT	0.6354	0.0100	pay 0.0050% / 4h	3h 14m	—	$1.1M	10x
Short	Aster PONSUSDT	0.6373	0.0475	get 0.0237% / 4h	3h 14m	$1.1M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.304%Rate

Funding earned: $78.69
Price spread: +0.304% → −0.088%: $39.16
Slippage, 4 orders: −$261.6
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$159.75
Costs to cover: 2.776%
Break-even: 21.2 days

Slippage from SunX: live order book, 9 min ago; Aster: live order book, 4 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, 9 min ago	105.90 bp	125.1 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	5.60 bp	12.6 bp −$13	48.9 bp −$489	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	0.6341	−0.199%	$249K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.538%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6375	+0.332%	$23K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6371	+0.269%	$74K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6330	−0.384%	$32K	$289K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6373	+0.308%	$75K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6366	+0.184%	$2K	$4K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6354	long leg	—	$1.1M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6358	+0.068%	$27K	$623K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6354	−0.003%	$67K	$529K	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	0.6356	+0.033%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0256%	1h	0.6363	+0.138%	$396	—	3x	as long as short
Hyperliquid PONS	+0.0349%	1h	0.6368	+0.222%	$65.2M	$30.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0461%	4h	0.6367	+0.206%	$14.6M	$61.4M	20x	as long as short
Aster PONSUSDTshort	+0.0475%	4h	0.6373	+0.304%	$1.1M	$2.3M	20x
KuCoin PONSUSDTM	+0.0512%	4h	0.6375	+0.326%	$1.7M	$4.1M	20x	as long as short
Lighter RH PONS	+0.0544%	1h	0.6375	+0.331%	$434K	$2.7M	3x	as long as short
Variational Omni PONS	+0.0641%	4h	0.6344	−0.155%	$1.6M	$4.5M	—	as long as short
Lighter PONS	+0.0680%	1h	0.6375	+0.331%	$1.8M	$873K	3x	as long as short
MEXC PONS_USDT	+0.0716%	4h	0.6374	+0.316%	$8.0M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0719%	4h	0.6340	−0.213%	$21K	$293K	10x	as long as short
Extended PONS-USD	+0.0720%	1h	0.6382	+0.448%	$107K	$815K	5x	as long as short
Binance PONSUSDT	+0.0725%	4h	0.6375	+0.332%	$42.2M	$103.5M	20x	as long as short
Bitget PONSUSDT	+0.0748%	4h	0.6371	+0.275%	$5.1M	$13.3M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6380	+0.409%	$48K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0957%	4h	0.6364	+0.159%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.1072%	4h	0.6383	+0.458%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.1258%	4h	0.6371	+0.269%	$19.4M	$33.2M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6336	−0.288%	$48K	$159K	3x	as long as short
Gate PONS_USDT	+0.2672%	4h	0.6378	+0.379%	$5.5M	$6.5M	20x	as long as short