PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.049%

Price spread now: BingX against KuCoin+0.076%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.076%, 7d avg +0.043%

Together, before fees+0.216%+$22 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 BingX is 0.033% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.5909	0.0638	pay 0.0319% / 4h	1h 36m	$1.6M	$3.8M	20x
Short	BingX PONS-USDT	0.5914	0.0724	get 0.0362% / 4h	1h 36m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $18.06
Price spread: +0.076% → +0.043%: $3.33
Slippage, 4 orders: −$61.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.52
Costs to cover: 0.839%
Break-even: 31.2 days

Slippage from KuCoin: live order book, 11 min ago; BingX: 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 KuCoin live order book, 11 min ago	2.03 bp	25.8 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.54 bp	12.0 bp −$12	33.3 bp −$333	117.5 bp −$11.8K	968.2 bp −$484.1K

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	0.5907	−0.046%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.015%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5905	−0.080%	$415K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5910	+0.008%	$22K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5916	+0.110%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5908	−0.018%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5921	+0.198%	$29K	$317K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5916	+0.115%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5913	+0.059%	$25K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5913	+0.061%	$64K	$524K	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	0.5910	+0.008%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5914	+0.068%	$368	—	3x	as long as short
Hyperliquid PONS	+0.0228%	1h	0.5913	+0.059%	$60.0M	$29.5M	3x	as long as short
Gate PONS_USDT	+0.0366%	4h	0.5904	−0.093%	$5.3M	$6.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0406%	4h	0.5916	+0.110%	$13.3M	$55.9M	20x	as long as short
Polymarket Perps PONS-USD	+0.0442%	1h	0.5911	+0.032%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0459%	4h	0.5908	−0.019%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0520%	1h	0.5902	−0.131%	$101K	$811K	5x	as long as short
MEXC PONS_USDT	+0.0522%	4h	0.5915	+0.093%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0524%	4h	0.5915	+0.101%	$37.2M	$98.5M	20x	as long as short
edgeX PONSUSDC	+0.0555%	4h	0.5918	+0.137%	$20K	$291K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5906	−0.065%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0609%	4h	0.5918	+0.152%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTMlong	+0.0638%	4h	0.5909	long leg	$1.6M	$3.8M	20x
Bitget PONSUSDT	+0.0672%	4h	0.5914	+0.069%	$4.7M	$12.2M	20x	as long as short
Lighter PONS	+0.0704%	1h	0.5909	−0.014%	$1.6M	$829K	3x	as long as short
BingX PONS-USDTshort	+0.0724%	4h	0.5914	+0.076%	—	$3.0M	—
BloFin PONS-USDT	+0.0764%	4h	0.5918	+0.144%	$1.7M	$953K	20x	as long as short
Bybit PONSUSDT	+0.0764%	4h	0.5915	+0.093%	$17.6M	$31.4M	20x	as long as short
Phoenix PONS	+0.1472%	1h	0.5925	+0.262%	$45K	$127K	3x	as long as short