PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0290%/8h= −31.7% APRnext payment −$1.45 per $10,000 · paid last 24h −0.054%

Price spread now: OKX against KuCoin−0.031%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.031%, 7d avg −0.012%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.5888	0.0702	pay 0.0351% / 4h	2h 13m	$1.6M	$3.8M	20x
Short	OKX PONS-USDT-SWAP	0.5886	0.0412	get 0.0206% / 4h	2h 13m	$13.4M	$55.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$60.89
Price spread: −0.031% → −0.012%: −$1.89
Slippage, 4 orders: −$60.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$145.64
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; OKX: 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, 4 min ago	4.59 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.71 bp	14.4 bp −$14	28.5 bp −$285	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 −0.0032%	1h	0.5875	−0.212%	$233K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.388%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5884	−0.070%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5887	−0.014%	$21K	$429K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5890	+0.046%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5886	−0.031%	$69K	$131K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5884	−0.065%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5865	−0.391%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5886	−0.032%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5884	−0.059%	$25K	$586K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5887	−0.020%	$64K	$526K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5886	−0.031%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0213%	1h	0.5885	−0.048%	$59.7M	$29.6M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5877	−0.177%	$366	—	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0412%	4h	0.5886	−0.031%	$13.4M	$55.4M	20x
Aster PONSUSDT	+0.0474%	4h	0.5888	−0.005%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0586%	4h	0.5885	−0.048%	$7.5M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5883	−0.075%	$100K	$812K	5x	as long as short
Binance PONSUSDT	+0.0592%	4h	0.5887	−0.014%	$37.4M	$98.5M	20x	as long as short
edgeX PONSUSDC	+0.0607%	4h	0.5872	−0.277%	$20K	$296K	10x	as long as short
Bitget PONSUSDT	+0.0620%	4h	0.5887	−0.022%	$4.6M	$12.2M	20x	as long as short
Variational Omni PONS	+0.0630%	4h	0.5862	−0.446%	$1.3M	$4.1M	—	as long as short
KuCoin PONSUSDTMlong	+0.0702%	4h	0.5888	long leg	$1.6M	$3.8M	20x
Pacifica PONS	+0.0715%	1h	0.5887	−0.016%	$45K	$69K	3x	as long as short
Lighter PONS	+0.0720%	1h	0.5886	−0.029%	$1.6M	$939K	3x	as long as short
Polymarket Perps PONS-USD	+0.0736%	1h	0.5887	−0.019%	$111K	$1.9M	3x	as long as short
BloFin PONS-USDT	+0.0832%	4h	0.5882	−0.099%	$1.7M	$944K	20x	as long as short
BingX PONS-USDT	+0.0888%	4h	0.5886	−0.031%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0992%	4h	0.5884	−0.065%	$17.6M	$31.6M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5880	−0.131%	$45K	$121K	3x	as long as short