PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.020%

Price spread now: KuCoin against Bitget−0.044%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1011.010% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.044%, 7d avg −0.023%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.022% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PONSUSDT	0.6117	0.0244	pay 0.0122% / 4h	3h 27m	$4.8M	$11.4M	20x
Short	KuCoin PONSUSDTM	0.6114	0.0184	get 0.0092% / 4h	3h 27m	$1.8M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$12.6
Price spread: −0.044% → −0.023%: −$2.16
Slippage, 4 orders: −$76.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$115.75
Costs to cover: 1.010%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; KuCoin: 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 Bitget live order book, 1 min ago	2.45 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.05 bp	30.9 bp −$31	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 +0.0033% / S −0.0033%	1h	0.6118	+0.012%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.413%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6127	+0.157%	$433K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6121	+0.064%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	−0.205%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6102	−0.247%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6135	+0.289%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6130	+0.214%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6127	+0.163%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6133	+0.255%	$65K	$511K	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	0.6120	+0.047%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6130	+0.211%	$382	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0172%	4h	0.6116	−0.018%	$14.0M	$57.2M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0184%	4h	0.6114	−0.044%	$1.8M	$3.7M	20x
Bitget PONSUSDTlong	+0.0244%	4h	0.6117	long leg	$4.8M	$11.4M	20x
Aster PONSUSDT	+0.0268%	4h	0.6122	+0.083%	$1.1M	$2.1M	20x	as long as short
edgeX PONSUSDC	+0.0344%	4h	0.6106	−0.182%	$21K	$294K	10x	as long as short
MEXC PONS_USDT	+0.0356%	4h	0.6119	+0.031%	$8.0M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0360%	1h	0.6117	+0.002%	$253K	$679K	5x	as long as short
Binance PONSUSDT	+0.0368%	4h	0.6119	+0.031%	$40.1M	$96.7M	20x	as long as short
Lighter PONS	+0.0504%	1h	0.6119	+0.029%	$1.7M	$931K	3x	as long as short
BloFin PONS-USDT	+0.0593%	4h	0.6107	−0.165%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0612%	1h	0.6124	+0.110%	$106K	$115K	5x	as long as short
BingX PONS-USDT	+0.0648%	4h	0.6122	+0.080%	—	$3.1M	—	as long as short
Pacifica PONS	+0.0665%	1h	0.6115	−0.028%	$48K	$78K	3x	as long as short
Bybit PONSUSDT	+0.0712%	4h	0.6114	−0.051%	$18.4M	$30.9M	20x	as long as short
Polymarket Perps PONS-USD	+0.0778%	1h	0.6128	+0.181%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0895%	1h	0.6126	+0.151%	$62.3M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.1012%	4h	0.6108	−0.149%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6110	−0.119%	$32K	$113K	3x	as long as short