PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.093%

Price spread now: KuCoin against SunX−0.219%54s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$286as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3113.109% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.219%, 7d avg −0.063%

Together, before fees+0.391%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.156% cheaper against SunX than usual: you would sell low and buy high (spread −0.219% now, against its 7-day average of −0.063%). If the spread goes back, that is −$16 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.252% in total) that is about 4.3 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6082	0.0100	pay 0.0050% / 4h	0m 22s	—	$1.4M	10x
Short	KuCoin PONSUSDTM	0.6069	0.0134	get 0.0067% / 4h	0m 22s	$1.7M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now −0.219%Rate

Funding earned: $7.14
Price spread: −0.219% → −0.063%: −$15.55
Slippage, 4 orders: −$290.94
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$319.35
Costs to cover: 3.109%
Break-even: 320.1 days

Slippage from SunX: live order book, 4 min ago; KuCoin: live order book, 7 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 SunX live order book, 4 min ago	105.48 bp	124.3 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.848%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6065	−0.283%	$240K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6075	−0.113%	$425K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6071	−0.179%	$20K	$419K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6071	−0.179%	$18.2M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6070	−0.196%	$13.8M	$57.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6074	−0.127%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6100	+0.301%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6078	−0.069%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6082	long leg	—	$1.4M	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6077	−0.076%	$28K	$550K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6086	+0.072%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6084	+0.035%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0134%	4h	0.6069	−0.219%	$1.7M	$3.8M	20x
Aevo PONS-PERP	+0.0152%	1h	0.6081	−0.015%	$379	—	3x	as long as short
Aster PONSUSDT	+0.0158%	4h	0.6074	−0.123%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0176%	4h	0.6075	−0.118%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0225%	1h	0.6075	−0.118%	$105K	$116K	5x	as long as short
BingX PONS-USDT	+0.0296%	4h	0.6072	−0.163%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6070	−0.196%	$7.9M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0302%	4h	0.6073	−0.146%	$39.8M	$98.1M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6072	−0.166%	$252K	$681K	5x	as long as short
edgeX PONSUSDC	+0.0312%	4h	0.6092	+0.167%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0352%	1h	0.6076	−0.097%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0542%	4h	0.6077	−0.081%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0656%	1h	0.6071	−0.181%	$41K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0834%	1h	0.6072	−0.166%	$61.8M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6074	−0.130%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	+0.051%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2064%	4h	0.6076	−0.097%	$5.3M	$6.4M	20x	as long as short