PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against edgeX−0.091%113s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1071.070% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$22 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.091%, 7d avg −0.023%

Together, before fees−0.291%+ Points / potential airdropedgeX: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.068% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.5907	0.0199	pay 0.0100% / 4h	2h 23m	$21K	$292K	10x
Short	KuCoin PONSUSDTM	0.5902	0.0100	get 0.0050% / 4h	2h 23m	$1.7M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$20.84
Price spread: −0.091% → −0.023%: −$6.8
Slippage, 4 orders: −$86.04
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$134.68
Costs to cover: 1.070%
Break-even: never at this rate

Slippage from edgeX: live order book, 64 min ago; KuCoin: live order book, 4 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 edgeX live order book, 64 min ago	11.84 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	6.69 bp	33.3 bp −$33	126.1 bp −$1,261	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 −0.0034%	1h	0.5897	−0.172%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.205%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5899	−0.144%	$21K	$446K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5904	−0.059%	$89K	$103K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5896	−0.195%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5897	−0.178%	$13.4M	$56.1M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0100%	4h	0.5902	−0.091%	$1.7M	$3.7M	20x
Bitget PONSUSDT	+0.0100%	4h	0.5901	−0.110%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5909	+0.022%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5907	−0.013%	$34K	$332K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5912	+0.076%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5908	+0.014%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5900	−0.127%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5918	+0.185%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5896	−0.195%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5906	−0.034%	$368	—	3x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5901	−0.110%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0181%	4h	0.5898	−0.161%	$38.3M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5899	−0.140%	$105K	$533K	5x	as long as short
BingX PONS-USDT	+0.0184%	4h	0.5894	−0.228%	—	$3.1M	—	as long as short
edgeX PONSUSDClong	+0.0199%	4h	0.5907	long leg	$21K	$292K	10x
Aster PONSUSDT	+0.0199%	4h	0.5901	−0.110%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0352%	1h	0.5902	−0.093%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0423%	4h	0.5909	+0.026%	$1.7M	$967K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5900	−0.119%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0501%	1h	0.5904	−0.061%	$59.1M	$30.0M	3x	as long as short
Gate PONS_USDT	+0.0616%	4h	0.5900	−0.127%	$5.2M	$6.8M	20x	as long as short
Lighter RH PONS	+0.0632%	1h	0.5904	−0.062%	$396K	$2.6M	3x	as long as short
Lighter PONS	+0.1064%	1h	0.5904	−0.061%	$1.7M	$882K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5912	+0.071%	$28K	$86K	3x	as long as short