Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5396 | +0.0767 | pay 0.0096% / 1h | 14m 08s | $51K | $191K | 4x | Long Arcus5% off | |
| SHORT | 0.5382 | +0.0100 | get 0.0050% / 4h | 3h 14m | $1.1M | $4.3M | 20x | Short KuCoin |
Price gap−0.267%
Funding gap−0.0667% /8h
Both sides work against this direction now: funding costs $20 a day on $10k and the gap is 0.172% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$40−0.0667% /8h now · paid −0.404% over the last 2 days (all we have)
Price−$17spread −0.267% now, avg −0.095% → −0.172% if it goes back
Costs−$850.847% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Entry / ExitArcus: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.267%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 32 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size13.6 / 25.5 bpAt $10k entering KuCoin costs 25.5 bp, fee and slippage, 1.9× Arcus’s.
- Note: Margin at max leverage$2,500 + $500Arcus 4x, KuCoin 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$20.00Long Arcus: 24 payments, −$23.00; short KuCoin: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.267% vs −0.095%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$51K vs $1.1M OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCArcus No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0706%/8h × 21 periods−$148.19
Price spread−0.267% → −0.095% (7d avg)−$17.16
Slippage, 4 orderslive order books−$68.18
Fee Arcus bp × 2 orders−$4.50
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$250.03
Costs to cover0.847%Break-evennever at this rate
Slippage: Arcus: live order book, 23 min ago; KuCoin: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus6.5213.6 bp−$1424.7 bp−$247doesn’t fitdoesn’t fit
SELL · SHORTKuCoin3.1725.5 bp−$2595.5 bp−$955doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Kraken Futures
Avantis
Bybit