PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0380%/8h= +41.6% APRnext payment +$1.90 per $10,000 · paid last 24h +0.080%

Price spread now: KuCoin against Phemex+0.029%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1411.413% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 4 days (all we have)−0.567%−$57 · spread now +0.029%, 7d avg −0.024%

Together, before fees−0.281%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and KuCoin is 0.053% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PONSUSDT	0.6210	0.0100	pay 0.0050% / 4h	3h 48m	$1.7M	$3.2M	20x
Short	KuCoin PONSUSDTM	0.6212	0.0480	get 0.0240% / 4h	3h 48m	$1.6M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $79.8
Price spread: +0.029% → −0.024%: $5.26
Slippage, 4 orders: −$117.32
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.27
Costs to cover: 1.413%
Break-even: 11.9 days

Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 9 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 Phemex live order book, 5 min ago	4.83 bp	41.4 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	7.78 bp	35.3 bp −$35	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	0.6205	−0.078%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.372%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6211	+0.016%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6205	−0.073%	$73K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6214	+0.064%	$31K	$294K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6196	−0.225%	$72K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6208	−0.031%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6185	−0.396%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6211	+0.024%	$26K	$614K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6239	+0.465%	$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 PONSUSDTlong	+0.0100%	4h	0.6210	long leg	$1.7M	$3.2M	20x
Lighter RH PONS	+0.0176%	1h	0.6213	+0.045%	$420K	$2.7M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6207	−0.056%	$387	—	3x	as long as short
Hyperliquid PONS	+0.0347%	1h	0.6209	−0.010%	$63.5M	$30.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0387%	4h	0.6208	−0.032%	$14.1M	$60.9M	20x	as long as short
Aster PONSUSDT	+0.0429%	4h	0.6201	−0.142%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0480%	4h	0.6212	+0.029%	$1.6M	$4.0M	20x
Variational Omni PONS	+0.0532%	4h	0.6223	+0.209%	$1.6M	$4.3M	—	as long as short
Extended PONS-USD	+0.0616%	1h	0.6213	+0.056%	$104K	$828K	5x	as long as short
Binance PONSUSDT	+0.0617%	4h	0.6214	+0.064%	$40.7M	$104.5M	20x	as long as short
MEXC PONS_USDT	+0.0618%	4h	0.6213	+0.048%	$7.9M	$4.6M	20x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.6216	+0.091%	$20K	$291K	10x	as long as short
Bitget PONSUSDT	+0.0694%	4h	0.6215	+0.085%	$4.9M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6185	−0.405%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0859%	4h	0.6201	−0.145%	$1.8M	$1.1M	20x	as long as short
Gate PONS_USDT	+0.0870%	4h	0.6205	−0.081%	$5.4M	$6.3M	20x	as long as short
Lighter PONS	+0.0952%	1h	0.6216	+0.092%	$1.7M	$867K	3x	as long as short
Bybit PONSUSDT	+0.1135%	4h	0.6211	+0.016%	$18.8M	$33.2M	20x	as long as short
BingX PONS-USDT	+0.1230%	4h	0.6208	−0.032%	—	$3.3M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6194	−0.264%	$47K	$159K	3x	as long as short