Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h −0.011%

Price spread now: KuCoin against Extended+0.064%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1231.235% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.295%−$29 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.064%, 7d avg +0.004%

Together, before fees−0.347%+ Points / potential airdropExtended: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.060% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.295%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.6039	0.0632	pay 0.0079% / 1h	30m 32s	$108K	$808K	5x
Short	KuCoin PONSUSDTM	0.6043	0.0742	get 0.0371% / 4h	3h 30m	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.064%Rate

Funding earned: $23.1
Price spread: +0.064% → +0.004%: $6.04
Slippage, 4 orders: −$106.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$94.31
Costs to cover: 1.235%
Break-even: 35.6 days

Slippage from Extended: live order book, 22 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 Extended live order book, 22 min ago	12.86 bp	26.5 bp −$26	149.3 bp −$1,493	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.74 bp	22.8 bp −$23	107.1 bp −$1,071	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 −0.0032%	1h	0.6034	−0.083%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.155%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6040	+0.013%	$21K	$416K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6040	+0.006%	$71K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	−0.209%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6045	+0.087%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6041	+0.033%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6047	+0.120%	$26K	$531K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6041	+0.034%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6045	+0.095%	$1.7M	$3.2M	20x	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	+0.0208%	1h	0.6044	+0.082%	$413K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6038	−0.022%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0354%	4h	0.6039	−0.004%	$13.7M	$55.3M	20x	as long as short
Variational Omni PONS	+0.0427%	4h	0.6045	+0.103%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0491%	1h	0.6041	+0.033%	$61.8M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0518%	4h	0.6046	+0.104%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0530%	4h	0.6043	+0.059%	$4.6M	$11.5M	20x	as long as short
Lighter PONS	+0.0560%	1h	0.6045	+0.087%	$1.7M	$892K	3x	as long as short
edgeX PONSUSDC	+0.0624%	4h	0.6038	−0.021%	$18K	$294K	10x	as long as short
MEXC PONS_USDT	+0.0628%	4h	0.6045	+0.095%	$7.7M	$4.7M	20x	as long as short
Extended PONS-USDlong	+0.0632%	1h	0.6039	long leg	$108K	$808K	5x
Binance PONSUSDT	+0.0633%	4h	0.6043	+0.062%	$39.5M	$94.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0690%	1h	0.6042	+0.044%	$72K	$1.6M	3x	as long as short
KuCoin PONSUSDTMshort	+0.0742%	4h	0.6043	+0.064%	$1.6M	$3.8M	20x
Gate PONS_USDT	+0.0828%	4h	0.6036	−0.054%	$5.3M	$6.2M	20x	as long as short
BloFin PONS-USDT	+0.0868%	4h	0.6048	+0.145%	$1.7M	$969K	20x	as long as short
BingX PONS-USDT	+0.0944%	4h	0.6040	+0.013%	—	$2.9M	—	as long as short
Pacifica PONS	+0.1081%	1h	0.6041	+0.029%	$48K	$67K	3x	as long as short
Bybit PONSUSDT	+0.1101%	4h	0.6040	+0.013%	$18.1M	$30.6M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6028	−0.178%	$46K	$109K	3x	as long as short