PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0211%/8h= +23.1% APRnext payment +$1.05 per $10,000 · paid last 24h +0.030%

Price spread now: OKX against SunX−0.227%47s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$248as 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−$2752.749% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 4 days (all we have)−0.938%−$94 · spread now −0.227%, 7d avg −0.072%

Together, before fees−0.665%−$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.155% cheaper against SunX than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of −0.072%). If the spread goes back, that is −$16 on $10k: about 2.5 days of funding at the current rate (+$6 a day). The two prices were read 47 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	0.5997	0.0100	pay 0.0050% / 4h	1h 08m	—	$1.3M	10x
Short	OKX PONS-USDT-SWAP	0.5983	0.0311	get 0.0155% / 4h	1h 08m	$13.6M	$54.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.227%Rate

Funding earned: $44.25
Price spread: −0.227% → −0.072%: −$15.51
Slippage, 4 orders: −$256.93
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$246.19
Costs to cover: 2.749%
Break-even: 45.9 days

Slippage from SunX: live order book, 5 min ago; OKX: live order book, 5 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 OKX live order book, 5 min ago	1.66 bp	11.4 bp −$11	28.6 bp −$286	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	0.5985	−0.193%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6015	+0.305%	$33K	$351K	5x	as long as short
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
Gate PONS_USDT	+0.0226%	4h	0.5986	−0.177%	$5.2M	$6.3M	20x	as long as short
Nado PONS-PERP	+0.0238%	1h	0.5986	−0.177%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0296%	1h	0.5990	−0.113%	$416K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0311%	4h	0.5983	−0.227%	$13.6M	$54.8M	20x
Lighter PONS	+0.0328%	1h	0.5991	−0.097%	$1.7M	$877K	3x	as long as short
Bitget PONSUSDT	+0.0420%	4h	0.5987	−0.153%	$4.7M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0439%	4h	0.5985	−0.188%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0470%	4h	0.5990	−0.110%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0494%	4h	0.5983	−0.227%	$17.9M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.5986	−0.177%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0522%	4h	0.5988	−0.137%	$39.4M	$94.7M	20x	as long as short
Extended PONS-USD	+0.0528%	1h	0.5985	−0.187%	$248K	$671K	5x	as long as short
MEXC PONS_USDT	+0.0530%	4h	0.5987	−0.160%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.6026	+0.490%	$18K	$292K	10x	as long as short
Pacifica PONS	+0.0755%	1h	0.5990	−0.103%	$47K	$69K	3x	as long as short
Hyperliquid PONS	+0.0759%	1h	0.5993	−0.055%	$61.1M	$27.8M	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