PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0612%/8h= +67.0% APRnext payment +$3.06 per $10,000 · paid last 24h +0.080%

Price spread now: KuCoin against HTX+0.186%51s7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$346as 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−$3743.744% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.283%+$28 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.186%, 7d avg −0.064%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and KuCoin is 0.250% dearer against HTX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.064%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.283% in total (about 14.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.06 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	HTX PONS-USDT	0.5862	0.0100	pay 0.0050% / 4h	2h 19m	$64K	$526K	20x
Short	KuCoin PONSUSDTM	0.5873	0.0712	get 0.0356% / 4h	2h 19m	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now +0.186%Rate

Funding earned: $128.52
Price spread: +0.186% → −0.064%: $25.02
Slippage, 4 orders: −$350.42
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$220.87
Costs to cover: 3.744%
Break-even: 19.0 days

Slippage from HTX: live order book, 29 min ago; KuCoin: live order book, 3 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 HTX live order book, 29 min ago	39.41 bp	133.0 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.85 bp	37.3 bp −$37	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 +0.0033% / S −0.0032%	1h	0.5864	+0.041%	$233K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.836%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5869	+0.130%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5878	+0.275%	$19K	$437K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5873	+0.191%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5875	+0.216%	$69K	$131K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5875	+0.223%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5804	−0.983%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5874	+0.206%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5867	+0.087%	$25K	$582K	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-USDTlong	+0.0100%	4h	0.5862	long leg	$64K	$526K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5867	+0.087%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0213%	1h	0.5875	+0.222%	$59.8M	$29.4M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5872	+0.172%	$366	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0392%	4h	0.5867	+0.087%	$13.3M	$55.5M	20x	as long as short
Aster PONSUSDT	+0.0466%	4h	0.5864	+0.043%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0584%	4h	0.5855	−0.123%	$20K	$295K	10x	as long as short
MEXC PONS_USDT	+0.0588%	4h	0.5876	+0.241%	$7.5M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5867	+0.095%	$100K	$817K	5x	as long as short
Binance PONSUSDT	+0.0594%	4h	0.5873	+0.189%	$37.3M	$98.4M	20x	as long as short
Bitget PONSUSDT	+0.0600%	4h	0.5870	+0.133%	$4.6M	$12.1M	20x	as long as short
Variational Omni PONS	+0.0620%	4h	0.5850	−0.195%	$1.3M	$4.1M	—	as long as short
Lighter PONS	+0.0632%	1h	0.5870	+0.136%	$1.6M	$935K	3x	as long as short
KuCoin PONSUSDTMshort	+0.0712%	4h	0.5873	+0.186%	$1.6M	$3.8M	20x
Pacifica PONS	+0.0715%	1h	0.5873	+0.194%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0742%	1h	0.5875	+0.229%	$112K	$1.9M	3x	as long as short
BloFin PONS-USDT	+0.0828%	4h	0.5850	−0.203%	$1.7M	$935K	20x	as long as short
BingX PONS-USDT	+0.0894%	4h	0.5875	+0.223%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0936%	4h	0.5869	+0.121%	$17.6M	$31.6M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5849	−0.225%	$44K	$121K	3x	as long as short