PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0263%/8h= +28.8% APRnext payment +$1.31 per $10,000 · paid last 24h +0.028%

Price spread now: KuCoin against Aster−0.038%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.038%, 7d avg +0.034%

Together, before fees+0.240%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.072% cheaper against Aster than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.034%). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.143% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.5878	0.0473	pay 0.0237% / 4h	2h 39m	$1.1M	$2.2M	20x
Short	KuCoin PONSUSDTM	0.5876	0.0736	get 0.0368% / 4h	2h 39m	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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 AsterbpFee KuCoinbpOrdersPrice spread, now −0.038%Rate

Funding earned: $55.15
Price spread: −0.038% → +0.034%: −$7.2
Slippage, 4 orders: −$65.44
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.5
Costs to cover: 0.854%
Break-even: 11.8 days

Slippage from Aster: live order book, 4 min ago; KuCoin: live order book, 3 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 Aster live order book, 4 min ago	3.46 bp	10.6 bp −$11	28.6 bp −$286	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.88 bp	30.9 bp −$31	119.8 bp −$1,198	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 −0.0032%	1h	0.5884	+0.098%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.558%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5890	+0.202%	$416K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5884	+0.103%	$21K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5885	+0.120%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5907	+0.498%	$34K	$335K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5894	+0.265%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5879	+0.020%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5891	+0.219%	$25K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5893	+0.251%	$64K	$513K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5881	+0.052%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0118%	4h	0.5883	+0.086%	$5.2M	$6.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5880	+0.028%	$366	—	3x	as long as short
Hyperliquid PONS	+0.0246%	1h	0.5880	+0.042%	$59.8M	$29.1M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0362%	4h	0.5879	+0.018%	$13.3M	$54.4M	20x	as long as short
Aster PONSUSDTlong	+0.0473%	4h	0.5878	long leg	$1.1M	$2.2M	20x
Variational Omni PONS	+0.0551%	4h	0.5915	+0.632%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0558%	4h	0.5882	+0.062%	$4.6M	$11.8M	20x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5880	+0.036%	$105K	$807K	5x	as long as short
Binance PONSUSDT	+0.0595%	4h	0.5879	+0.018%	$38.4M	$94.8M	20x	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.5877	−0.016%	$7.4M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0627%	4h	0.5923	+0.771%	$20K	$294K	10x	as long as short
Lighter PONS	+0.0632%	1h	0.5883	+0.086%	$1.6M	$886K	3x	as long as short
Pacifica PONS	+0.0715%	1h	0.5890	+0.200%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTMshort	+0.0736%	4h	0.5876	−0.038%	$1.6M	$3.8M	20x
Polymarket Perps PONS-USD	+0.0778%	1h	0.5885	+0.112%	$123K	$1.7M	3x	as long as short
Bybit PONSUSDT	+0.0806%	4h	0.5874	−0.067%	$17.6M	$31.0M	20x	as long as short
BingX PONS-USDT	+0.0808%	4h	0.5884	+0.103%	—	$3.0M	—	as long as short
BloFin PONS-USDT	+0.0835%	4h	0.5880	+0.035%	$1.7M	$936K	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5922	+0.743%	$45K	$121K	3x	as long as short