PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.098%

Price spread now: Binance against SunX+0.010%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2772.768% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.450%+$45 on $10k

Price spread, last 3 days (all we have)−0.511%−$51 · spread now +0.010%, 7d avg −0.038%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.048% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5907	0.0100	pay 0.0050% / 4h	2h 22m	—	$1.4M	10x
Short	Binance PONSUSDT	0.5908	0.0178	get 0.0089% / 4h	2h 22m	$38.4M	$98.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: $16.47
Price spread: +0.010% → −0.038%: $4.8
Slippage, 4 orders: −$258.82
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$255.55
Costs to cover: 2.768%
Break-even: 115.6 days

Slippage from SunX: live order book, 2 min ago; Binance: live order book, 6 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, 2 min ago	105.12 bp	123.9 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.69 bp	15.0 bp −$15	53.6 bp −$536	270.4 bp −$27.0K	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 −0.0034%	1h	0.5896	−0.188%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.207%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5905	−0.041%	$21K	$446K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5904	−0.056%	$89K	$103K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5905	−0.041%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5901	−0.108%	$13.4M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5903	−0.074%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5903	−0.081%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5909	+0.024%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5907	−0.012%	$34K	$332K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5907	0.000%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5907	long leg	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5905	−0.049%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5905	−0.036%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5899	−0.142%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5902	−0.097%	$368	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5904	−0.054%	$106K	$533K	5x	as long as short
Binance PONSUSDTshort	+0.0178%	4h	0.5908	+0.010%	$38.4M	$98.3M	20x
MEXC PONS_USDT	+0.0180%	4h	0.5906	−0.024%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0184%	4h	0.5903	−0.074%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0199%	4h	0.5907	+0.002%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0199%	4h	0.5895	−0.205%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0351%	1h	0.5906	−0.020%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5901	−0.108%	$1.7M	$965K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5899	−0.143%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0497%	1h	0.5907	−0.007%	$59.1M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0632%	1h	0.5906	−0.027%	$415K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0634%	4h	0.5900	−0.125%	$5.2M	$6.8M	20x	as long as short
Lighter PONS	+0.1032%	1h	0.5907	0.000%	$1.7M	$883K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5904	−0.058%	$28K	$86K	3x	as long as short