PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0154%/8h= −16.8% APRnext payment −$0.77 per $10,000 · paid last 24h −0.089%

Price spread now: KuCoin against BloFin+0.046%110s7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as 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−$920.920% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.695%−$70 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.046%, 7d avg −0.053%

Together, before fees−0.852%−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.099% dearer against BloFin than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.053%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.695% in total) that is about 24 hours. The two prices were read 110 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	BloFin PONS-USDT	0.5919	0.0792	pay 0.0396% / 4h	1h 41m	$1.7M	$958K	20x
Short	KuCoin PONSUSDTM	0.5922	0.0638	get 0.0319% / 4h	1h 41m	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$32.31
Price spread: +0.046% → −0.053%: $9.86
Slippage, 4 orders: −$68.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$114.49
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; KuCoin: live order book, 6 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 BloFin live order book, 1 min ago	2.53 bp	16.8 bp −$17	31.7 bp −$317	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.03 bp	33.8 bp −$34	116.6 bp −$1,166	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 −0.0032%	1h	0.5916	−0.054%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.853%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5921	+0.027%	$411K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5921	+0.034%	$22K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5926	+0.117%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5918	−0.017%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5925	+0.101%	$29K	$320K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5925	+0.106%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5921	+0.035%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5924	+0.088%	$65K	$525K	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	0.5920	+0.017%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5922	+0.048%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0269%	1h	0.5920	+0.025%	$60.1M	$29.6M	3x	as long as short
Gate PONS_USDT	+0.0328%	4h	0.5920	+0.017%	$5.3M	$6.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0419%	4h	0.5918	−0.017%	$13.3M	$55.9M	20x	as long as short
Aster PONSUSDT	+0.0467%	4h	0.5923	+0.062%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0470%	1h	0.5921	+0.030%	$94K	$1.9M	3x	as long as short
Binance PONSUSDT	+0.0541%	4h	0.5921	+0.034%	$37.2M	$98.5M	20x	as long as short
Extended PONS-USD	+0.0544%	1h	0.5920	+0.012%	$101K	$811K	5x	as long as short
MEXC PONS_USDT	+0.0544%	4h	0.5921	+0.034%	$7.5M	$4.7M	20x	as long as short
Pacifica PONS	+0.0556%	1h	0.5921	+0.039%	$45K	$68K	3x	as long as short
edgeX PONSUSDC	+0.0565%	4h	0.5926	+0.122%	$20K	$296K	10x	as long as short
Variational Omni PONS	+0.0631%	4h	0.5904	−0.246%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTMshort	+0.0638%	4h	0.5922	+0.046%	$1.6M	$3.8M	20x
Bitget PONSUSDT	+0.0668%	4h	0.5924	+0.088%	$4.7M	$12.2M	20x	as long as short
Lighter PONS	+0.0744%	1h	0.5924	+0.084%	$1.6M	$828K	3x	as long as short
BingX PONS-USDT	+0.0756%	4h	0.5917	−0.034%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0777%	4h	0.5919	0.000%	$17.6M	$31.4M	20x	as long as short
BloFin PONS-USDTlong	+0.0792%	4h	0.5919	long leg	$1.7M	$958K	20x
Phoenix PONS	+0.1472%	1h	0.5925	+0.101%	$45K	$127K	3x	as long as short