PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0713%/8h= −78.0% APRnext payment −$3.56 per $10,000 · paid last 24h −0.029%

Price spread now: KuCoin against Bybit−0.038%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.038%, 7d avg +0.007%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and KuCoin is 0.044% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.56 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	Bybit PONSUSDT	0.6379	0.1255	pay 0.0627% / 4h	3h 10m	$19.4M	$33.3M	20x
Short	KuCoin PONSUSDTM	0.6377	0.0542	get 0.0271% / 4h	3h 10m	$1.8M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$149.67
Price spread: −0.038% → +0.007%: −$4.43
Slippage, 4 orders: −$75.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$252.74
Costs to cover: 0.986%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 7 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 Bybit live order book, 3 min ago	1.57 bp	19.2 bp −$19	39.4 bp −$394	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	3.94 bp	36.4 bp −$36	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 −0.0030%	1h	0.6364	−0.234%	$250K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.905%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6382	+0.047%	$24K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6374	−0.078%	$74K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6378	−0.016%	$32K	$289K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6371	−0.130%	$75K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6388	+0.138%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6377	−0.027%	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6382	+0.047%	$27K	$625K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6388	+0.147%	$67K	$530K	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	0.6371	−0.125%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0264%	1h	0.6381	+0.029%	$398	—	3x	as long as short
Hyperliquid PONS	+0.0361%	1h	0.6374	−0.082%	$65.3M	$30.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0475%	4h	0.6376	−0.047%	$14.6M	$61.5M	20x	as long as short
Aster PONSUSDT	+0.0488%	4h	0.6373	−0.086%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0542%	4h	0.6377	−0.038%	$1.8M	$4.2M	20x
Lighter RH PONS	+0.0576%	1h	0.6376	−0.049%	$430K	$2.7M	3x	as long as short
Variational Omni PONS	+0.0690%	4h	0.6379	−0.001%	$1.6M	$4.5M	—	as long as short
Lighter PONS	+0.0696%	1h	0.6376	−0.049%	$1.8M	$877K	3x	as long as short
edgeX PONSUSDC	+0.0725%	4h	0.6367	−0.187%	$21K	$293K	10x	as long as short
Extended PONS-USD	+0.0736%	1h	0.6378	−0.015%	$107K	$813K	5x	as long as short
MEXC PONS_USDT	+0.0738%	4h	0.6375	−0.063%	$8.0M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0743%	4h	0.6383	+0.061%	$42.2M	$103.6M	20x	as long as short
Bitget PONSUSDT	+0.0762%	4h	0.6378	−0.014%	$5.2M	$13.3M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6370	−0.144%	$48K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0979%	4h	0.6377	−0.031%	$1.9M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.1194%	4h	0.6378	−0.016%	—	$3.1M	—	as long as short
Bybit PONSUSDTlong	+0.1255%	4h	0.6379	long leg	$19.4M	$33.3M	20x
Phoenix PONS	+0.1714%	1h	0.6375	−0.056%	$49K	$159K	3x	as long as short
Gate PONS_USDT	+0.2914%	4h	0.6372	−0.110%	$5.5M	$6.5M	20x	as long as short