Funding you earn now, next payment 00:00 UTC−0.0434%/8h= −47.5% APRnext payment −$2.17 per $10,000 · paid last 24h −0.077%
Price spread now: KuCoin against BloFin−0.091%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$910.912% of the position
Funding, last 7 days−0.702%−$70 on $10k
+Price spread, last 3 days (all we have)−0.053%−$5 · spread now −0.091%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and KuCoin is 0.022% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PONS-USDT | 0.6126 | 0.0544 | pay 0.0272% / 4h | 47m 06s | $1.7M | $1.0M | 20x |
| Short | KuCoin PONSUSDTM | 0.6120 | 0.0110 | get 0.0055% / 4h | 47m 06s | $1.8M | $3.7M | 20x |
BloFin PONS-USDT
KuCoin PONSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$91.05
- Price spread: −0.091% → −0.070%
- −$2.15
- Slippage, 4 orders
- −$67.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$184.4
- Costs to cover
- 0.912%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; KuCoin: live order book, 10 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 BloFin live order book, 6 min ago | 5.69 bp | 16.5 bp −$16 | 42.0 bp −$420 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 3.03 bp | 36.8 bp −$37 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −2.555% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0036% | 1h | 0.6110 | −0.255% | $230K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6131 | +0.082% | $20K | $460K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6129 | +0.054% | $87K | $107K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6119 | −0.114% | $18.5M | $31.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6122 | −0.065% | $13.9M | $58.5M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6139 | +0.208% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6159 | +0.534% | $33K | $360K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6127 | +0.008% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6138 | +0.202% | — | $1.4M | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.0100% | 1h | 0.6120 | −0.090% | $28K | $551K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6137 | +0.181% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6117 | −0.147% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTMshort | +0.0110% | 4h | 0.6120 | −0.091% | $1.8M | $3.7M | 20x | |
| Bitget PONSUSDT | +0.0118% | 4h | 0.6126 | −0.008% | $4.8M | $11.7M | 20x | as long as short |
| Aevo PONS-PERP | +0.0152% | 1h | 0.6126 | −0.001% | $382 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0211% | 4h | 0.6131 | +0.083% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0300% | 4h | 0.6124 | −0.033% | $8.1M | $4.8M | 20x | as long as short |
| BingX PONS-USDT | +0.0302% | 4h | 0.6123 | −0.049% | — | $3.1M | — | as long as short |
| Binance PONSUSDT | +0.0304% | 4h | 0.6129 | +0.042% | $40.0M | $99.3M | 20x | as long as short |
| Extended PONS-USD | +0.0304% | 1h | 0.6124 | −0.026% | $254K | $682K | 5x | as long as short |
| edgeX PONSUSDC | +0.0305% | 4h | 0.6150 | +0.396% | $21K | $294K | 10x | as long as short |
| Lighter RH PONS | +0.0336% | 1h | 0.6123 | −0.051% | $431K | $2.6M | 3x | as long as short |
| Lighter PONS | +0.0392% | 1h | 0.6125 | −0.023% | $1.7M | $921K | 3x | as long as short |
| BloFin PONS-USDTlong | +0.0544% | 4h | 0.6126 | long leg | $1.7M | $1.0M | 20x | |
| Polymarket Perps PONS-USD | +0.0682% | 1h | 0.6129 | +0.041% | $42K | $1.7M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6144 | +0.298% | $48K | $96K | 3x | as long as short |
| Hyperliquid PONS | +0.0977% | 1h | 0.6128 | +0.032% | $62.3M | $30.8M | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6150 | +0.400% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2072% | 4h | 0.6121 | −0.082% | $5.3M | $6.2M | 20x | as long as short |
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Bitget PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
MEXC PONS_USDT
BingX PONS-USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Lighter RH PONS
Lighter PONS
Polymarket Perps PONS-USD
Pacifica PONS
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT