PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0340%/8h= −37.2% APRnext payment −$1.70 per $10,000 · paid last 24h −0.044%

Price spread now: KuCoin against BingX+0.054%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$780.779% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.378%−$38 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.054%, 7d avg −0.037%

Together, before fees−0.363%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.091% dearer against BingX than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.037%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.6331	0.0800	pay 0.0400% / 4h	1h 48m	—	$3.1M	—
Short	KuCoin PONSUSDTM	0.6334	0.0460	get 0.0230% / 4h	1h 48m	$1.8M	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$71.4
Price spread: +0.054% → −0.037%: $9.1
Slippage, 4 orders: −$55.92
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$140.22
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; KuCoin: 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 BingX live order book, 4 min ago	0.79 bp	9.7 bp −$10	17.9 bp −$179	229.5 bp −$23.0K	doesn't fit
Sell KuCoin live order book, 2 min ago	2.92 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit

PONS on 30 exchanges

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	0.6333	+0.030%	$249K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.200%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6330	−0.016%	$23K	$405K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6330	−0.020%	$77K	$105K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6350	+0.292%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6332	+0.021%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6329	−0.027%	—	$879K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6330	−0.019%	$27K	$637K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6350	+0.305%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6332	+0.016%	$1.7M	$3.2M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps PONS-USD	+0.0208%	1h	0.6328	−0.049%	$74K	$2.1M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6331	−0.008%	$394	—	3x	as long as short
Lighter RH PONS	+0.0304%	1h	0.6330	−0.016%	$447K	$2.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0369%	4h	0.6329	−0.032%	$14.4M	$60.0M	20x	as long as short
Lighter PONS	+0.0416%	1h	0.6332	+0.024%	$1.8M	$852K	3x	as long as short
KuCoin PONSUSDTMshort	+0.0460%	4h	0.6334	+0.054%	$1.8M	$4.3M	20x
Hyperliquid PONS	+0.0533%	1h	0.6334	+0.043%	$65.0M	$30.9M	3x	as long as short
Aster PONSUSDT	+0.0534%	4h	0.6328	−0.041%	$1.2M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0612%	4h	0.6335	+0.069%	$1.6M	$4.3M	—	as long as short
Pacifica PONS	+0.0616%	1h	0.6327	−0.063%	$46K	$76K	3x	as long as short
Gate PONS_USDT	+0.0640%	4h	0.6330	−0.016%	$5.4M	$6.4M	20x	as long as short
Binance PONSUSDT	+0.0655%	4h	0.6336	+0.079%	$41.6M	$101.2M	20x	as long as short
Extended PONS-USD	+0.0656%	1h	0.6333	+0.026%	$183K	$881K	5x	as long as short
MEXC PONS_USDT	+0.0656%	4h	0.6334	+0.047%	$7.8M	$4.5M	20x	as long as short
edgeX PONSUSDC	+0.0669%	4h	0.6335	+0.061%	$19K	$293K	10x	as long as short
Bitget PONSUSDT	+0.0756%	4h	0.6332	+0.017%	$5.1M	$13.5M	20x	as long as short
BingX PONS-USDTlong	+0.0800%	4h	0.6331	long leg	—	$3.1M	—
Bybit PONSUSDT	+0.0811%	4h	0.6331	0.000%	$19.2M	$32.6M	20x	as long as short
BloFin PONS-USDT	+0.0897%	4h	0.6335	+0.063%	$1.9M	$1.1M	20x	as long as short
Phoenix PONS	+0.1637%	1h	0.6345	+0.227%	$48K	$162K	3x	as long as short