Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against KuCoin−0.001%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$940.940% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.001%, 7d avg +0.041%
=Funding pays, the price is against you. Binance is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.041%). If the spread goes back, that is −$4 on $10k: about 45 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.5949 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $1.8M | $3.7M | 20x |
| Short | Binance PONSUSDT | 0.5949 | 0.0174 | get 0.0087% / 4h | 1h 35m | $38.7M | $97.7M | 20x |
KuCoin PONSUSDTM
Binance PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $15.63
- Price spread: −0.001% → +0.041%
- −$4.19
- Slippage, 4 orders
- −$72
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$82.55
- Costs to cover
- 0.940%
- Break-even
- 44.0 days
Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 7 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, 2 min ago | 5.03 bp | 29.5 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.84 bp | 14.3 bp −$14 | 54.9 bp −$549 | 299.3 bp −$29.9K | 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 −0.0034% | 1h | 0.5944 | −0.092% | $218K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.341% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5952 | +0.047% | $17K | $438K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5948 | −0.020% | $17.8M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5949 | −0.003% | $13.5M | $56.0M | 20x | as long as short |
| KuCoin PONSUSDTMlong | +0.0100% | 4h | 0.5949 | long leg | $1.8M | $3.7M | 20x | |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5953 | +0.067% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5955 | +0.103% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5986 | +0.614% | $35K | $345K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5948 | −0.018% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5958 | +0.151% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5951 | +0.027% | $27K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5973 | +0.398% | $64K | $506K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5943 | −0.104% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5943 | −0.098% | $370 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0137% | 4h | 0.5944 | −0.083% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0174% | 4h | 0.5950 | +0.013% | $7.7M | $4.9M | 20x | as long as short |
| Binance PONSUSDTshort | +0.0174% | 4h | 0.5949 | −0.001% | $38.7M | $97.7M | 20x | |
| Extended PONS-USD | +0.0176% | 1h | 0.5945 | −0.079% | $247K | $667K | 5x | as long as short |
| BingX PONS-USDT | +0.0182% | 4h | 0.5949 | −0.003% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0197% | 4h | 0.5961 | +0.194% | $21K | $293K | 10x | as long as short |
| Nado PONS-PERP | +0.0216% | 1h | 0.5947 | −0.037% | $90K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0384% | 1h | 0.5946 | −0.049% | $418K | $2.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0421% | 4h | 0.5965 | +0.266% | $1.7M | $981K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5945 | −0.073% | $47K | $96K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0486% | 1h | 0.5954 | +0.074% | $37K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0623% | 1h | 0.5956 | +0.109% | $60.0M | $30.0M | 3x | as long as short |
| Lighter PONS | +0.0752% | 1h | 0.5949 | −0.003% | $1.7M | $992K | 3x | as long as short |
| Gate PONS_USDT | +0.1330% | 4h | 0.5948 | −0.020% | $5.2M | $6.5M | 20x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5976 | +0.445% | $30K | $96K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
BingX PONS-USDT
edgeX PONSUSDC
Nado PONS-PERP
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Lighter PONS
Gate PONS_USDT
Phoenix PONS