PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.020%

Price spread now: Bitget against KuCoin−0.023%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1051.046% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.023%, 7d avg +0.024%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.024%). If the spread goes back, that is −$5 on $10k: about 3.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.5995	0.0348	pay 0.0174% / 4h	1h 42m	$1.7M	$3.7M	20x
Short	Bitget PONSUSDT	0.5993	0.0388	get 0.0194% / 4h	1h 42m	$4.7M	$11.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.023%Rate

Funding earned: $8.4
Price spread: −0.023% → +0.024%: −$4.72
Slippage, 4 orders: −$80.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.94
Costs to cover: 1.046%
Break-even: 91.1 days

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 1 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, 5 min ago	3.19 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.66 bp	22.2 bp −$22	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 −0.0033%	1h	0.5982	−0.207%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.422%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6002	+0.120%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5979	−0.267%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5996	+0.015%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5993	−0.032%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5992	−0.048%	$26K	$516K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6004	+0.160%	$64K	$507K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5992	−0.047%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0105%	4h	0.5961	−0.565%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0120%	1h	0.5992	−0.048%	$419K	$2.5M	3x	as long as short
Lighter PONS	+0.0184%	1h	0.5992	−0.048%	$1.7M	$874K	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5994	−0.020%	$373	—	3x	as long as short
Nado PONS-PERP	+0.0241%	1h	0.5999	+0.078%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0286%	4h	0.5991	−0.063%	$13.7M	$54.2M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0348%	4h	0.5995	long leg	$1.7M	$3.7M	20x
Bitget PONSUSDTshort	+0.0388%	4h	0.5993	−0.023%	$4.7M	$11.2M	20x
Aster PONSUSDT	+0.0429%	4h	0.5991	−0.063%	$1.1M	$2.0M	20x	as long as short
Gate PONS_USDT	+0.0460%	4h	0.5991	−0.063%	$5.2M	$6.2M	20x	as long as short
MEXC PONS_USDT	+0.0470%	4h	0.5992	−0.047%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0479%	4h	0.5984	−0.178%	$18K	$295K	10x	as long as short
Binance PONSUSDT	+0.0479%	4h	0.5989	−0.094%	$39.2M	$93.8M	20x	as long as short
Extended PONS-USD	+0.0480%	1h	0.5991	−0.057%	$248K	$670K	5x	as long as short
BingX PONS-USDT	+0.0480%	4h	0.5994	−0.013%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0491%	4h	0.5986	−0.147%	$17.9M	$30.3M	20x	as long as short
BloFin PONS-USDT	+0.0711%	4h	0.6008	+0.220%	$1.8M	$957K	20x	as long as short
Hyperliquid PONS	+0.0717%	1h	0.5991	−0.060%	$61.1M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.6006	+0.181%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0793%	1h	0.5996	+0.022%	$49K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5984	−0.182%	$31K	$98K	3x	as long as short