PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2004%/8h= −219.4% APRnext payment −$10.02 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.015%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 7 days+0.045%+$4 · spread now +0.015%, 7d avg +0.023%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$60 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.02 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	Gate PONS_USDT	0.6085	0.2138	pay 0.1069% / 4h	2m 34s	$5.3M	$6.4M	20x
Short	KuCoin PONSUSDTM	0.6086	0.0134	get 0.0067% / 4h	2m 34s	$1.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$420.84
Price spread: +0.015% → +0.023%: −$0.81
Slippage, 4 orders: −$66.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$514.87
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 5 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 Gate live order book, 1 min ago	1.64 bp	23.4 bp −$23	184.5 bp −$1,845	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.71 bp	25.6 bp −$26	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	−1.898%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6085	−0.001%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6091	+0.097%	$426K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6081	−0.066%	$20K	$419K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6081	−0.066%	$18.3M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6083	−0.033%	$13.8M	$57.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6076	−0.153%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6100	+0.243%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6098	+0.219%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6087	+0.036%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6094	+0.145%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6105	+0.324%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6096	+0.181%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0134%	4h	0.6086	+0.015%	$1.7M	$3.8M	20x
Aevo PONS-PERP	+0.0152%	1h	0.6097	+0.197%	$380	—	3x	as long as short
Aster PONSUSDT	+0.0153%	4h	0.6083	−0.041%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0170%	4h	0.6091	+0.095%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.6082	−0.049%	$105K	$116K	5x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6089	+0.064%	$252K	$681K	5x	as long as short
MEXC PONS_USDT	+0.0296%	4h	0.6091	+0.099%	$8.0M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0298%	4h	0.6090	+0.082%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0298%	4h	0.6083	−0.033%	$39.9M	$98.0M	20x	as long as short
edgeX PONSUSDC	+0.0316%	4h	0.6086	+0.018%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0336%	1h	0.6091	+0.097%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0537%	4h	0.6096	+0.181%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0652%	1h	0.6096	+0.186%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0834%	1h	0.6093	+0.133%	$62.0M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6090	+0.080%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	0.000%	$31K	$102K	3x	as long as short
Gate PONS_USDTlong	+0.2138%	4h	0.6085	long leg	$5.3M	$6.4M	20x