PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0374%/8h= −41.0% APRnext payment −$1.87 per $10,000 · paid last 24h −0.080%

Price spread now: SunX against KuCoin+0.108%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$349as in the Funding arb table

Net, price: spread back to 7d avg − costs−$314as in the Price arb table

costs, in and out, $10k−$3193.189% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.302%−$30 on $10k

Price spread, last 4 days (all we have)+0.934%+$93 · spread now +0.108%, 7d avg +0.058%

Together, before fees+0.631%+$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.051% dearer against KuCoin than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.058%): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.302% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6179	0.0474	pay 0.0237% / 4h	3h 48m	$1.6M	$4.0M	20x
Short	SunX PONS-USDT	0.6186	0.0100	get 0.0050% / 4h	3h 48m	—	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$78.54
Price spread: +0.108% → +0.058%: $5.06
Slippage, 4 orders: −$298.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$392.43
Costs to cover: 3.189%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; SunX: 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, 9 min ago	7.78 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	106.42 bp	126.8 bp −$127	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	0.6180	+0.008%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−3.895%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6194	+0.240%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6186	+0.111%	$72K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6214	+0.563%	$31K	$294K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6179	+0.005%	$72K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6191	+0.194%	$2K	$4K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6186	+0.108%	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6181	+0.037%	$26K	$614K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6194	+0.240%	$66K	$528K	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	0.6181	+0.029%	$1.7M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0176%	1h	0.6191	+0.184%	$421K	$2.7M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6187	+0.126%	$385	—	3x	as long as short
Hyperliquid PONS	+0.0322%	1h	0.6179	−0.003%	$63.2M	$30.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0380%	4h	0.6177	−0.036%	$14.0M	$60.6M	20x	as long as short
Aster PONSUSDT	+0.0433%	4h	0.6178	−0.022%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0474%	4h	0.6179	long leg	$1.6M	$4.0M	20x
Variational Omni PONS	+0.0532%	4h	0.6223	+0.708%	$1.6M	$4.3M	—	as long as short
Extended PONS-USD	+0.0616%	1h	0.6178	−0.012%	$104K	$828K	5x	as long as short
Binance PONSUSDT	+0.0619%	4h	0.6180	+0.021%	$40.5M	$104.5M	20x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.6216	+0.589%	$20K	$291K	10x	as long as short
MEXC PONS_USDT	+0.0622%	4h	0.6175	−0.068%	$7.9M	$4.6M	20x	as long as short
Bitget PONSUSDT	+0.0690%	4h	0.6178	−0.028%	$4.9M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6188	+0.141%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0859%	4h	0.6201	+0.353%	$1.8M	$1.1M	20x	as long as short
Bybit PONSUSDT	+0.1015%	4h	0.6178	−0.019%	$18.6M	$33.1M	20x	as long as short
Lighter PONS	+0.1024%	1h	0.6191	+0.189%	$1.7M	$867K	3x	as long as short
Gate PONS_USDT	+0.1040%	4h	0.6180	+0.013%	$5.4M	$6.3M	20x	as long as short
BingX PONS-USDT	+0.1230%	4h	0.6178	−0.019%	—	$3.3M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6194	+0.233%	$47K	$159K	3x	as long as short