Funding you earn now, next payment 05:00 UTC+0.0709%/8h= +77.6% APRpaid last 24h +0.103%
Price spread now: KuCoin against Injective+1.270%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and KuCoin is 1.270% dearer against Injective than usual: you sell high and buy low: +$127 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5969 | 0.0033 | pay 0.0004% / 1h | 31m 12s | $614 | $10K | 5.5x |
| Short | KuCoin PONSUSDTM | 0.6045 | 0.0742 | get 0.0371% / 4h | 3h 31m | $1.6M | $3.8M | 20x |
Injective PONS/USDC PERP
KuCoin PONSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $148.82
- Price spread: +1.270% → 0.000%
- $126.98
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $263.78
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 6 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 6 min ago | 3.40 bp | 27.1 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +1.085% | $240K | — | 150x | as long as short |
| Injective PONS/USDC PERPlong | +0.0033% | 1h | 0.5969 | long leg | $614 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6041 | +1.198% | $21K | $416K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6040 | +1.174% | $71K | $129K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6027 | +0.957% | $35K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6045 | +1.256% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6041 | +1.201% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6047 | +1.290% | $26K | $531K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6041 | +1.203% | $65K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6045 | +1.265% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0208% | 1h | 0.6048 | +1.315% | $413K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6038 | +1.146% | $376 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0354% | 4h | 0.6050 | +1.349% | $13.7M | $55.4M | 20x | as long as short |
| Variational Omni PONS | +0.0427% | 4h | 0.6045 | +1.272% | $1.5M | $3.9M | — | as long as short |
| Hyperliquid PONS | +0.0495% | 1h | 0.6050 | +1.349% | $61.9M | $28.0M | 3x | as long as short |
| Lighter PONS | +0.0512% | 1h | 0.6043 | +1.230% | $1.7M | $892K | 3x | as long as short |
| Aster PONSUSDT | +0.0518% | 4h | 0.6040 | +1.189% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0524% | 4h | 0.6055 | +1.436% | $4.7M | $11.5M | 20x | as long as short |
| MEXC PONS_USDT | +0.0622% | 4h | 0.6048 | +1.315% | $7.7M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0624% | 4h | 0.6038 | +1.147% | $18K | $294K | 10x | as long as short |
| Binance PONSUSDT | +0.0629% | 4h | 0.6048 | +1.312% | $39.6M | $94.3M | 20x | as long as short |
| Extended PONS-USD | +0.0632% | 1h | 0.6043 | +1.225% | $108K | $808K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0690% | 1h | 0.6042 | +1.213% | $72K | $1.6M | 3x | as long as short |
| KuCoin PONSUSDTMshort | +0.0742% | 4h | 0.6045 | +1.270% | $1.6M | $3.8M | 20x | |
| Gate PONS_USDT | +0.0768% | 4h | 0.6037 | +1.131% | $5.3M | $6.2M | 20x | as long as short |
| BloFin PONS-USDT | +0.0868% | 4h | 0.6048 | +1.315% | $1.7M | $969K | 20x | as long as short |
| BingX PONS-USDT | +0.0944% | 4h | 0.6055 | +1.432% | — | $2.9M | — | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.6031 | +1.031% | $47K | $67K | 3x | as long as short |
| Bybit PONSUSDT | +0.1133% | 4h | 0.6050 | +1.349% | $18.1M | $30.6M | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.6028 | +0.988% | $46K | $109K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Variational Omni PONS
Hyperliquid PONS
Lighter PONS
Aster PONSUSDT
Bitget PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Binance PONSUSDT
Extended PONS-USD
Polymarket Perps PONS-USD
Gate PONS_USDT
BloFin PONS-USDT
BingX PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Phoenix PONS