PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0699%/8h= +76.6% APRpaid last 24h +0.101%

Price spread now: KuCoin against gTrade (Gains Network)+0.255%7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,636as in the Price arb table

costs, in and out, $10k−$4,64946.492% of the position

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.154%+$15 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.255%, 7d avg +0.127%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and KuCoin is 0.128% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5923	L +0.0033% / S −0.0032%	pay 0.0004% / 1h	51m 56s	$235K	—	150x
Short	KuCoin PONSUSDTM	0.5938	0.0732	get 0.0366% / 4h	2h 51m	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.255%Rate

Funding earned: $146.82
Price spread: +0.255% → +0.127%: $12.85
Slippage, 4 orders: −$4,625.22
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4,489.56
Costs to cover: 46.492%
Break-even: 221.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 62 min ago; KuCoin: live order book, 11 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 gTrade (Gains Network) virtual book (oracle venue), 62 min ago	130.01 bp	2119.4 bp −$2,119	16867.9 bp −$168.7K	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	4.98 bp	27.5 bp −$28	108.8 bp −$1,088	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/USDlong	L +0.0033% / S −0.0032%	1h	0.5923	long leg	$235K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.792%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5930	+0.134%	$414K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5938	+0.261%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5937	+0.248%	$69K	$130K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5934	+0.193%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5942	+0.337%	$34K	$335K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5943	+0.345%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5933	+0.178%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5933	+0.176%	$26K	$545K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5940	+0.298%	$64K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5938	+0.261%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.5943	+0.349%	$370	—	3x	as long as short
Hyperliquid PONS	+0.0313%	1h	0.5933	+0.181%	$60.1M	$29.0M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0379%	4h	0.5936	+0.227%	$13.5M	$54.9M	20x	as long as short
Aster PONSUSDT	+0.0506%	4h	0.5935	+0.215%	$1.1M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0518%	4h	0.5941	+0.319%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0550%	4h	0.5940	+0.288%	$4.7M	$11.8M	20x	as long as short
MEXC PONS_USDT	+0.0620%	4h	0.5935	+0.210%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0621%	4h	0.5937	+0.240%	$38.8M	$94.8M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.5934	+0.199%	$106K	$807K	5x	as long as short
edgeX PONSUSDC	+0.0632%	4h	0.5933	+0.182%	$20K	$295K	10x	as long as short
Lighter PONS	+0.0648%	1h	0.5936	+0.227%	$1.6M	$886K	3x	as long as short
Pacifica PONS	+0.0715%	1h	0.5936	+0.234%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTMshort	+0.0732%	4h	0.5938	+0.255%	$1.6M	$3.8M	20x
BingX PONS-USDT	+0.0762%	4h	0.5934	+0.193%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0779%	4h	0.5934	+0.193%	$17.8M	$31.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0824%	1h	0.5935	+0.210%	$88K	$1.7M	3x	as long as short
BloFin PONS-USDT	+0.0861%	4h	0.5931	+0.142%	$1.7M	$944K	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5915	−0.126%	$45K	$121K	3x	as long as short