PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.45 per $10,000 · paid last 24h −0.021%

Price spread now: Aster against KuCoin+0.039%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.039%, 7d avg −0.034%

Together, before fees−0.209%+ Points / potential airdropAster: Stage 5 · farm board−$21 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 Aster is 0.074% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.131%, 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	KuCoin PONSUSDTM	0.6094	0.0200	pay 0.0100% / 4h	3h 15m	$1.8M	$3.7M	20x
Short	Aster PONSUSDT	0.6096	0.0290	get 0.0145% / 4h	3h 15m	$1.1M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.039%Rate

Funding earned: $18.86
Price spread: +0.039% → −0.034%: $7.36
Slippage, 4 orders: −$69.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$63.19
Costs to cover: 0.894%
Break-even: 30.5 days

Slippage from KuCoin: live order book, 7 min ago; Aster: 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 KuCoin live order book, 7 min ago	2.63 bp	40.8 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.20 bp	14.0 bp −$14	30.6 bp −$306	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 −0.0033%	1h	0.6082	−0.195%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.041%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6093	−0.016%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6091	−0.048%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6089	−0.088%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6093	−0.008%	$33K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6099	+0.077%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6102	+0.138%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6093	−0.007%	$28K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6094	+0.003%	$65K	$510K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6093	−0.015%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6095	+0.018%	$380	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0186%	4h	0.6096	+0.034%	$13.9M	$56.5M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0200%	4h	0.6094	long leg	$1.8M	$3.7M	20x
Bitget PONSUSDT	+0.0264%	4h	0.6097	+0.057%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDTshort	+0.0290%	4h	0.6096	+0.039%	$1.1M	$2.1M	20x
MEXC PONS_USDT	+0.0364%	4h	0.6098	+0.067%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0364%	4h	0.6097	+0.045%	$40.1M	$96.3M	20x	as long as short
Extended PONS-USD	+0.0368%	1h	0.6097	+0.044%	$252K	$678K	5x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6082	−0.199%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0424%	1h	0.6095	+0.018%	$1.7M	$933K	3x	as long as short
BingX PONS-USDT	+0.0560%	4h	0.6098	+0.067%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0604%	4h	0.6096	+0.034%	$1.8M	$990K	20x	as long as short
Bybit PONSUSDT	+0.0609%	4h	0.6094	+0.002%	$18.3M	$30.9M	20x	as long as short
Nado PONS-PERP	+0.0614%	1h	0.6097	+0.051%	$105K	$115K	5x	as long as short
Pacifica PONS	+0.0665%	1h	0.6102	+0.133%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0768%	1h	0.6093	−0.015%	$45K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0832%	4h	0.6092	−0.031%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0868%	1h	0.6098	+0.061%	$62.0M	$29.1M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6094	−0.003%	$32K	$113K	3x	as long as short