PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.017%

Price spread now: KuCoin against Binance+0.010%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$870.873% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.010%, 7d avg −0.039%

Together, before fees−0.199%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.049% dearer against Binance than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.039%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 7 days (−0.192% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6310	0.0607	pay 0.0304% / 4h	42m 18s	$40.8M	$102.6M	20x
Short	KuCoin PONSUSDTM	0.6310	0.0568	get 0.0284% / 4h	42m 18s	$1.6M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$8.22
Price spread: +0.010% → −0.039%: $4.88
Slippage, 4 orders: −$65.31
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$90.64
Costs to cover: 0.873%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; KuCoin: 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 Binance live order book, 1 min ago	1.58 bp	13.6 bp −$14	41.1 bp −$411	305.4 bp −$30.5K	doesn't fit
Sell KuCoin live order book, 5 min ago	4.55 bp	34.8 bp −$35	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 +0.0032% / S −0.0029%	1h	0.6297	−0.200%	$239K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6312	+0.039%	$22K	$454K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6184	−1.995%	$30K	$303K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6319	+0.148%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6306	−0.050%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6309	−0.015%	$27K	$627K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6290	−0.307%	$68K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6273	−0.580%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0125%	1h	0.6310	+0.007%	$74K	$130K	5x	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.6312	+0.046%	$393	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0422%	4h	0.6313	+0.054%	$14.4M	$60.8M	20x	as long as short
Variational Omni PONS	+0.0525%	4h	0.6174	−2.152%	$1.5M	$4.1M	—	as long as short
edgeX PONSUSDC	+0.0528%	4h	0.6159	−2.391%	$21K	$291K	10x	as long as short
Aster PONSUSDT	+0.0538%	4h	0.6303	−0.103%	$1.2M	$2.3M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0568%	4h	0.6310	+0.010%	$1.6M	$3.9M	20x
Pacifica PONS	+0.0572%	1h	0.6302	−0.125%	$48K	$68K	3x	as long as short
MEXC PONS_USDT	+0.0576%	4h	0.6313	+0.054%	$8.2M	$4.7M	20x	as long as short
Binance PONSUSDTlong	+0.0607%	4h	0.6310	long leg	$40.8M	$102.6M	20x
Extended PONS-USD	+0.0608%	1h	0.6310	+0.001%	$106K	$818K	5x	as long as short
BingX PONS-USDT	+0.0666%	4h	0.6314	+0.070%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0697%	4h	0.6311	+0.023%	$19.1M	$32.3M	20x	as long as short
Bitget PONSUSDT	+0.0704%	4h	0.6311	+0.031%	$4.9M	$12.7M	20x	as long as short
BloFin PONS-USDT	+0.0816%	4h	0.6279	−0.484%	$1.8M	$995K	20x	as long as short
Gate PONS_USDT	+0.0846%	4h	0.6297	−0.199%	$5.5M	$6.4M	20x	as long as short
Lighter RH PONS	+0.0848%	1h	0.6296	−0.215%	$445K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0912%	1h	0.6310	+0.001%	$64.3M	$30.2M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−5.881%	$610	$10K	5.5x	as long as short
Lighter PONS	+0.1120%	1h	0.6296	−0.215%	$1.8M	$844K	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6180	−2.047%	$47K	$127K	3x	as long as short
Polymarket Perps PONS-USD	+0.1471%	1h	0.6310	+0.001%	$91K	$2.2M	3x	as long as short