PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0244%/8h= +26.7% APRnext payment +$1.22 per $10,000 · paid last 24h +0.030%

Price spread now: MEXC against KuCoin−0.027%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.027%, 7d avg +0.018%

Together, before fees+0.194%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.018%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.191% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6355	0.0472	pay 0.0236% / 4h	2h 19m	$1.8M	$4.2M	20x
Short	MEXC PONS_USDT	0.6353	0.0716	get 0.0358% / 4h	2h 19m	$8.0M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.027%Rate

Funding earned: $51.24
Price spread: −0.027% → +0.018%: −$4.48
Slippage, 4 orders: −$51.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.16
Costs to cover: 0.639%
Break-even: 9.3 days

Slippage from KuCoin: live order book, 1 min ago; MEXC: 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, 1 min ago	2.67 bp	26.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.79 bp	4.6 bp −$5	11.7 bp −$117	374.5 bp −$37.4K	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 +0.0032% / S −0.0030%	1h	0.6357	+0.039%	$250K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.549%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6359	+0.068%	$24K	$407K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6357	+0.034%	$74K	$127K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6368	+0.216%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6366	+0.172%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6361	+0.102%	—	$953K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6358	+0.052%	$27K	$632K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6349	−0.090%	$67K	$532K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6357	+0.036%	$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	+0.0264%	1h	0.6360	+0.076%	$396	—	3x	as long as short
Hyperliquid PONS	+0.0323%	1h	0.6372	+0.271%	$65.4M	$31.1M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0435%	4h	0.6368	+0.209%	$14.4M	$60.9M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0472%	4h	0.6355	long leg	$1.8M	$4.2M	20x
Lighter RH PONS	+0.0496%	1h	0.6356	+0.022%	$469K	$2.7M	3x	as long as short
Aster PONSUSDT	+0.0530%	4h	0.6352	−0.038%	$1.2M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0545%	1h	0.6372	+0.271%	$74K	$2.2M	3x	as long as short
Variational Omni PONS	+0.0661%	4h	0.6362	+0.118%	$1.6M	$4.3M	—	as long as short
Lighter PONS	+0.0672%	1h	0.6359	+0.063%	$1.8M	$874K	3x	as long as short
Binance PONSUSDT	+0.0707%	4h	0.6355	+0.007%	$41.8M	$102.0M	20x	as long as short
MEXC PONS_USDTshort	+0.0716%	4h	0.6353	−0.027%	$8.0M	$4.7M	20x
Extended PONS-USD	+0.0720%	1h	0.6354	−0.006%	$180K	$882K	5x	as long as short
edgeX PONSUSDC	+0.0731%	4h	0.6366	+0.177%	$19K	$294K	10x	as long as short
Bitget PONSUSDT	+0.0756%	4h	0.6372	+0.269%	$5.2M	$13.6M	20x	as long as short
BingX PONS-USDT	+0.0808%	4h	0.6350	−0.074%	—	$3.1M	—	as long as short
Pacifica PONS	+0.0810%	1h	0.6354	−0.015%	$46K	$77K	3x	as long as short
Bybit PONSUSDT	+0.0811%	4h	0.6354	−0.011%	$19.3M	$32.9M	20x	as long as short
BloFin PONS-USDT	+0.0960%	4h	0.6365	+0.162%	$1.9M	$1.1M	20x	as long as short
Gate PONS_USDT	+0.1496%	4h	0.6350	−0.074%	$5.5M	$6.6M	20x	as long as short
Phoenix PONS	+0.1668%	1h	0.6360	+0.077%	$48K	$162K	3x	as long as short