PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.46 per $10,000 · paid last 24h +0.103%

Price spread now: edgeX against SunX−0.087%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$247as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$2942.945% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 3 days (all we have)−0.203%−$20 · spread now −0.087%, 7d avg −0.045%

Together, before fees+0.273%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.042% cheaper against SunX than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.045%). If the spread goes back, that is −$4 on $10k: about 36 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.476% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5990	0.0100	pay 0.0050% / 4h	1h 19m	—	$1.4M	10x
Short	edgeX PONSUSDC	0.5985	0.0192	get 0.0096% / 4h	1h 19m	$21K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $19.34
Price spread: −0.087% → −0.045%: −$4.19
Slippage, 4 orders: −$277.46
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$279.31
Costs to cover: 2.945%
Break-even: 108.1 days

Slippage from SunX: live order book, 5 min ago; edgeX: live order book, 64 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	106.57 bp	125.7 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 64 min ago	11.86 bp	20.3 bp −$20	doesn't fit	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 −0.0034%	1h	0.5979	−0.178%	$219K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.342%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5985	−0.083%	$19K	$439K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5986	−0.067%	$17.9M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5986	−0.067%	$13.5M	$56.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5986	−0.073%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5991	+0.015%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5988	−0.038%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5993	+0.045%	$35K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5993	+0.052%	$3K	$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	0.5990	long leg	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5982	−0.125%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5999	+0.154%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5982	−0.134%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5987	−0.050%	$373	—	3x	as long as short
Aster PONSUSDT	+0.0140%	4h	0.5985	−0.087%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0186%	4h	0.5988	−0.026%	$39.0M	$97.8M	20x	as long as short
MEXC PONS_USDT	+0.0190%	4h	0.5984	−0.100%	$7.8M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0192%	1h	0.5985	−0.086%	$248K	$667K	5x	as long as short
BingX PONS-USDT	+0.0192%	4h	0.5986	−0.067%	—	$3.1M	—	as long as short
edgeX PONSUSDCshort	+0.0192%	4h	0.5985	−0.087%	$21K	$293K	10x
Nado PONS-PERP	+0.0214%	1h	0.5985	−0.089%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0360%	1h	0.5988	−0.035%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0431%	4h	0.5986	−0.067%	$1.7M	$980K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5985	−0.077%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0490%	1h	0.5986	−0.067%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0671%	1h	0.5989	−0.014%	$60.5M	$30.1M	3x	as long as short
Lighter PONS	+0.0688%	1h	0.5987	−0.052%	$1.7M	$998K	3x	as long as short
Gate PONS_USDT	+0.1354%	4h	0.5985	−0.083%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5991	+0.018%	$30K	$96K	3x	as long as short