PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.67 per $10,000 · paid last 24h −0.064%

Price spread now: KuCoin against BingX+0.196%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$950.946% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.396%−$40 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.196%, 7d avg −0.045%

Together, before fees−0.489%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.240% dearer against BingX than usual: you sell high and buy low (spread +0.196% now, against its 7-day average of −0.045%): +$24 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5982	0.0480	pay 0.0240% / 4h	1h 40m	—	$3.0M	—
Short	KuCoin PONSUSDTM	0.5994	0.0346	get 0.0173% / 4h	1h 40m	$1.7M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$28.14
Price spread: +0.196% → −0.045%: $24.02
Slippage, 4 orders: −$72.59
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$98.71
Costs to cover: 0.946%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 2 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 BingX live order book, 9 min ago	4.19 bp	13.7 bp −$14	33.9 bp −$339	448.2 bp −$44.8K	doesn't fit
Sell KuCoin live order book, 2 min ago	3.67 bp	39.5 bp −$39	121.7 bp −$1,217	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	0.5973	−0.146%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.209%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5984	+0.033%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5998	+0.272%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5981	−0.020%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5982	+0.003%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5975	−0.110%	$26K	$516K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5984	+0.030%	$64K	$507K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5983	+0.017%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0106%	4h	0.5978	−0.061%	$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
Lighter RH PONS	+0.0168%	1h	0.5990	+0.132%	$420K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5978	−0.067%	$372	—	3x	as long as short
Nado PONS-PERP	+0.0237%	1h	0.5982	−0.004%	$70K	$129K	5x	as long as short
Lighter PONS	+0.0272%	1h	0.5990	+0.132%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0287%	4h	0.5991	+0.150%	$13.7M	$54.2M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0346%	4h	0.5994	+0.196%	$1.7M	$3.7M	20x
Bitget PONSUSDT	+0.0388%	4h	0.5985	+0.057%	$4.7M	$11.2M	20x	as long as short
Aster PONSUSDT	+0.0420%	4h	0.5982	0.000%	$1.1M	$2.0M	20x	as long as short
Gate PONS_USDT	+0.0434%	4h	0.5988	+0.100%	$5.2M	$6.2M	20x	as long as short
edgeX PONSUSDC	+0.0463%	4h	0.6005	+0.390%	$18K	$291K	10x	as long as short
Binance PONSUSDT	+0.0473%	4h	0.5995	+0.213%	$39.2M	$93.7M	20x	as long as short
MEXC PONS_USDT	+0.0478%	4h	0.5990	+0.134%	$7.6M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0480%	1h	0.5993	+0.184%	$248K	$670K	5x	as long as short
BingX PONS-USDTlong	+0.0480%	4h	0.5982	long leg	—	$3.0M	—
Bybit PONSUSDT	+0.0493%	4h	0.5992	+0.167%	$18.0M	$30.3M	20x	as long as short
BloFin PONS-USDT	+0.0719%	4h	0.5984	+0.033%	$1.7M	$953K	20x	as long as short
Hyperliquid PONS	+0.0731%	1h	0.5993	+0.189%	$61.1M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5993	+0.186%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0795%	1h	0.5987	+0.080%	$49K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6004	+0.368%	$31K	$98K	3x	as long as short