PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0446%/8h= +48.8% APRnext payment +$2.23 per $10,000 · paid last 24h +0.171%

Price spread now: BloFin against SunX+0.297%55s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$187as 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−$2822.825% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.954%+$95 on $10k

Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.297%, 7d avg +0.007%

Together, before fees+0.724%+$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.290% dearer against SunX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.007%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6122	0.0100	pay 0.0050% / 4h	25m 18s	—	$1.4M	10x
Short	BloFin PONS-USDT	0.6140	0.0546	get 0.0273% / 4h	25m 18s	$1.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.297%Rate

Funding earned: $93.58
Price spread: +0.297% → +0.007%: $29.04
Slippage, 4 orders: −$262.47
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$159.84
Costs to cover: 2.825%
Break-even: 19.0 days

Slippage from SunX: live order book, 9 min ago; BloFin: 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 SunX live order book, 9 min ago	105.53 bp	124.1 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.81 bp	21.4 bp −$21	50.1 bp −$501	140.3 bp −$14.0K	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.488%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6109	−0.210%	$242K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6118	−0.062%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6117	−0.078%	$20K	$435K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6114	−0.124%	$88K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6116	−0.095%	$18.4M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6114	−0.127%	$13.9M	$58.0M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6129	+0.122%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6144	+0.361%	$34K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6120	−0.029%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDTlong	+0.0100%	4h	0.6122	long leg	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6117	−0.078%	$28K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6133	+0.191%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6118	−0.062%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0122%	4h	0.6113	−0.144%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0146%	4h	0.6118	−0.067%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6116	−0.097%	$381	—	3x	as long as short
Aster PONSUSDT	+0.0162%	4h	0.6113	−0.139%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0288%	1h	0.6117	−0.078%	$1.7M	$923K	3x	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6116	−0.095%	$8.1M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6114	−0.130%	$253K	$682K	5x	as long as short
Binance PONSUSDT	+0.0306%	4h	0.6115	−0.108%	$40.1M	$98.6M	20x	as long as short
BingX PONS-USDT	+0.0308%	4h	0.6113	−0.144%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0308%	4h	0.6133	+0.181%	$21K	$292K	10x	as long as short
BloFin PONS-USDTshort	+0.0546%	4h	0.6140	+0.297%	$1.8M	$1.0M	20x
Polymarket Perps PONS-USD	+0.0658%	1h	0.6118	−0.069%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0872%	1h	0.6118	−0.060%	$62.2M	$30.5M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6114	−0.121%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6121	−0.020%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2386%	4h	0.6111	−0.176%	$5.4M	$6.3M	20x	as long as short