PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.093%

Price spread now: Phemex against KuCoin−0.056%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1651.651% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.056%, 7d avg +0.019%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phemex is 0.074% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6120	0.0110	pay 0.0055% / 4h	47m 05s	$1.8M	$3.7M	20x
Short	Phemex PONSUSDT	0.6117	0.0100	get 0.0050% / 4h	47m 05s	$1.7M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$2.1
Price spread: −0.056% → +0.019%: −$7.41
Slippage, 4 orders: −$141.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$174.66
Costs to cover: 1.651%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Phemex: live order book, 2 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, 10 min ago	3.03 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.81 bp	44.0 bp −$44	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.466%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6110	−0.164%	$230K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6131	+0.173%	$20K	$460K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6129	+0.145%	$87K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6119	−0.023%	$18.5M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6122	+0.026%	$13.9M	$58.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6139	+0.300%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6159	+0.626%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6127	+0.100%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6138	+0.294%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6120	+0.002%	$28K	$551K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6137	+0.273%	$65K	$509K	20x	as long as short
Phemex PONSUSDTshort	+0.0100%	4h	0.6117	−0.056%	$1.7M	$3.3M	20x
KuCoin PONSUSDTMlong	+0.0110%	4h	0.6120	long leg	$1.8M	$3.7M	20x
Bitget PONSUSDT	+0.0118%	4h	0.6126	+0.083%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6126	+0.091%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0211%	4h	0.6131	+0.174%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6124	+0.059%	$8.1M	$4.8M	20x	as long as short
BingX PONS-USDT	+0.0302%	4h	0.6123	+0.042%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0304%	4h	0.6129	+0.134%	$40.0M	$99.3M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6124	+0.066%	$254K	$682K	5x	as long as short
edgeX PONSUSDC	+0.0305%	4h	0.6150	+0.488%	$21K	$294K	10x	as long as short
Lighter RH PONS	+0.0336%	1h	0.6123	+0.041%	$431K	$2.6M	3x	as long as short
Lighter PONS	+0.0392%	1h	0.6125	+0.069%	$1.7M	$921K	3x	as long as short
BloFin PONS-USDT	+0.0544%	4h	0.6126	+0.091%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0682%	1h	0.6129	+0.132%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6144	+0.389%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0977%	1h	0.6128	+0.124%	$62.3M	$30.8M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6150	+0.492%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2072%	4h	0.6121	+0.010%	$5.3M	$6.2M	20x	as long as short