PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.037%

Price spread now: KuCoin against OKX+0.053%7-day average +0.011% · 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−$81as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days−0.075%−$8 · spread now +0.053%, 7d avg +0.011%

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.042% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6059	0.0100	pay 0.0050% / 4h	3h 56m	$13.8M	$57.3M	20x
Short	KuCoin PONSUSDTM	0.6062	0.0146	get 0.0073% / 4h	3h 56m	$1.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: $9.66
Price spread: +0.053% → +0.011%: $4.22
Slippage, 4 orders: −$63.06
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.18
Costs to cover: 0.851%
Break-even: 58.6 days

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 11 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 OKX live order book, 2 min ago	1.65 bp	9.7 bp −$10	26.9 bp −$269	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	2.71 bp	25.6 bp −$26	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
Gate PONS_USDT	−0.0852%	4h	0.6060	+0.017%	$5.3M	$6.1M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6056	−0.049%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.477%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6063	+0.064%	$424K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6064	+0.083%	$20K	$417K	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0100%	4h	0.6059	long leg	$13.8M	$57.3M	20x
Variational Omni PONS	+0.0100%	4h	0.6074	+0.251%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6082	+0.380%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6071	+0.198%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6072	+0.218%	—	$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	0.6066	+0.122%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6091	+0.528%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6071	+0.198%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0146%	4h	0.6062	+0.053%	$1.7M	$3.8M	20x
Aevo PONS-PERP	+0.0152%	1h	0.6071	+0.194%	$378	—	3x	as long as short
Aster PONSUSDT	+0.0162%	4h	0.6062	+0.043%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0184%	4h	0.6065	+0.099%	$4.7M	$11.7M	20x	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6064	+0.083%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0303%	4h	0.6063	+0.074%	$39.7M	$97.9M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6063	+0.072%	$252K	$681K	5x	as long as short
edgeX PONSUSDC	+0.0307%	4h	0.6072	+0.218%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0333%	1h	0.6064	+0.085%	$105K	$116K	5x	as long as short
Lighter PONS	+0.0336%	1h	0.6065	+0.104%	$1.7M	$894K	3x	as long as short
BloFin PONS-USDT	+0.0540%	4h	0.6067	+0.132%	$1.8M	$1.0M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6065	+0.095%	$48K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0830%	1h	0.6063	+0.071%	$41K	$1.6M	3x	as long as short
BingX PONS-USDT	+0.0916%	4h	0.6065	+0.099%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0917%	4h	0.6062	+0.050%	$18.2M	$31.2M	20x	as long as short
Hyperliquid PONS	+0.1193%	1h	0.6067	+0.127%	$61.8M	$30.0M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6073	+0.236%	$31K	$113K	3x	as long as short