PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0298%/8h= +32.6% APRnext payment +$1.49 per $10,000 · paid last 24h +0.102%

Price spread now: BloFin against KuCoin−0.103%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$910.906% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.695%+$70 on $10k

Price spread, last 4 days (all we have)+0.316%+$32 · spread now −0.103%, 7d avg +0.048%

Together, before fees+1.011%+$101 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.150% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.048%). If the spread goes back, that is −$15 on $10k: about 40 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6321	0.0500	pay 0.0250% / 4h	50m 55s	$1.8M	$4.3M	20x
Short	BloFin PONS-USDT	0.6314	0.0798	get 0.0399% / 4h	50m 55s	$1.8M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.103%Rate

Funding earned: $62.5
Price spread: −0.103% → +0.048%: −$15.04
Slippage, 4 orders: −$66.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.1
Costs to cover: 0.906%
Break-even: 11.8 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 5 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	2.61 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	2.37 bp	18.1 bp −$18	39.6 bp −$396	109.3 bp −$10.9K	doesn't fit

PONS on 30 exchanges

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 +0.0031% / S −0.0029%	1h	0.6304	−0.257%	$248K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.044%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6309	−0.182%	$21K	$396K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6309	−0.174%	$77K	$92K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6338	+0.277%	$32K	$286K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6318	−0.044%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6315	−0.079%	—	$828K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6314	−0.104%	$27K	$594K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6316	−0.078%	$65K	$549K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6311	−0.150%	$1.7M	$3.2M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0224%	1h	0.6314	−0.095%	$393	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0270%	4h	0.6319	−0.024%	$13.9M	$59.3M	20x	as long as short
Hyperliquid PONS	+0.0406%	1h	0.6316	−0.065%	$64.6M	$29.4M	3x	as long as short
Aster PONSUSDT	+0.0411%	4h	0.6313	−0.115%	$1.2M	$2.1M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0500%	4h	0.6321	long leg	$1.8M	$4.3M	20x
Pacifica PONS	+0.0517%	1h	0.6313	−0.122%	$46K	$73K	3x	as long as short
Gate PONS_USDT	+0.0528%	4h	0.6305	−0.245%	$5.4M	$6.4M	20x	as long as short
Lighter RH PONS	+0.0536%	1h	0.6311	−0.146%	$461K	$2.6M	3x	as long as short
Extended PONS-USD	+0.0552%	1h	0.6315	−0.092%	$182K	$849K	5x	as long as short
Binance PONSUSDT	+0.0552%	4h	0.6316	−0.071%	$40.7M	$98.1M	20x	as long as short
MEXC PONS_USDT	+0.0556%	4h	0.6321	+0.008%	$7.7M	$4.5M	20x	as long as short
Polymarket Perps PONS-USD	+0.0558%	1h	0.6311	−0.149%	$87K	$2.0M	3x	as long as short
Variational Omni PONS	+0.0581%	4h	0.6329	+0.132%	$1.5M	$3.9M	—	as long as short
edgeX PONSUSDC	+0.0585%	4h	0.6327	+0.111%	$18K	$294K	10x	as long as short
Bitget PONSUSDT	+0.0684%	4h	0.6323	+0.036%	$5.0M	$13.1M	20x	as long as short
BingX PONS-USDT	+0.0712%	4h	0.6311	−0.150%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0740%	4h	0.6320	−0.008%	$19.0M	$31.3M	20x	as long as short
Lighter PONS	+0.0784%	1h	0.6313	−0.115%	$1.8M	$848K	3x	as long as short
BloFin PONS-USDTshort	+0.0798%	4h	0.6314	−0.103%	$1.8M	$1.1M	20x
Phoenix PONS	+0.1439%	1h	0.6328	+0.112%	$48K	$153K	3x	as long as short