PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0139%/8h= +15.2% APRnext payment +$0.70 per $10,000 · paid last 24h +0.033%

Price spread now: edgeX against KuCoin+0.097%53s7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.082% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.216%+$22 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now +0.097%, 7d avg +0.023%

Together, before fees+0.357%+ Points / potential airdropedgeX: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX 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 +0.023%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6210	0.0482	pay 0.0241% / 4h	3h 50m	$1.6M	$4.0M	20x
Short	edgeX PONSUSDC	0.6216	0.0621	get 0.0311% / 4h	3h 50m	$20K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.097%Rate

Funding earned: $29.22
Price spread: +0.097% → +0.023%: $7.37
Slippage, 4 orders: −$87.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$71.57
Costs to cover: 1.082%
Break-even: 24.1 days

Slippage from KuCoin: live order book, 7 min ago; edgeX: live order book, 47 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	7.78 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	12.06 bp	20.7 bp −$21	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 +0.0032% / S −0.0030%	1h	0.6212	+0.033%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.366%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6209	−0.010%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6210	+0.006%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6214	+0.071%	$31K	$294K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6212	+0.047%	$73K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6229	+0.309%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6226	+0.269%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6219	+0.151%	$26K	$613K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6246	+0.578%	$66K	$534K	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	0.6213	+0.055%	$1.7M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0184%	1h	0.6213	+0.055%	$420K	$2.7M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6222	+0.200%	$388	—	3x	as long as short
Hyperliquid PONS	+0.0284%	1h	0.6209	−0.010%	$63.6M	$30.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0385%	4h	0.6203	−0.106%	$14.1M	$60.8M	20x	as long as short
Aster PONSUSDT	+0.0443%	4h	0.6213	+0.057%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0482%	4h	0.6210	long leg	$1.6M	$4.0M	20x
Variational Omni PONS	+0.0532%	4h	0.6223	+0.215%	$1.6M	$4.3M	—	as long as short
edgeX PONSUSDCshort	+0.0621%	4h	0.6216	+0.097%	$20K	$291K	10x
MEXC PONS_USDT	+0.0622%	4h	0.6210	+0.006%	$7.9M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0622%	4h	0.6210	+0.002%	$40.7M	$104.3M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.6209	−0.007%	$104K	$825K	5x	as long as short
Bitget PONSUSDT	+0.0690%	4h	0.6212	+0.035%	$4.9M	$13.1M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6210	+0.006%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0862%	4h	0.6222	+0.200%	$1.8M	$1.1M	20x	as long as short
Lighter PONS	+0.1040%	1h	0.6214	+0.077%	$1.7M	$867K	3x	as long as short
BingX PONS-USDT	+0.1230%	4h	0.6206	−0.058%	—	$3.3M	—	as long as short
Gate PONS_USDT	+0.1430%	4h	0.6203	−0.106%	$5.4M	$6.3M	20x	as long as short
Bybit PONSUSDT	+0.1463%	4h	0.6207	−0.042%	$18.6M	$32.9M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6216	+0.097%	$47K	$159K	3x	as long as short