PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0304%/8h= −33.3% APRnext payment −$1.52 per $10,000 · paid last 24h −0.044%

Price spread now: KuCoin against Bybit+0.093%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.093%, 7d avg +0.005%

Together, before fees−0.263%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.088% dearer against Bybit than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.005%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.100% in total) that is about 6.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6033	0.0534	pay 0.0267% / 4h	3h 00m	$18.2M	$30.8M	20x
Short	KuCoin PONSUSDTM	0.6039	0.0230	get 0.0115% / 4h	3h 00m	$1.7M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$63.82
Price spread: +0.093% → +0.005%: $8.79
Slippage, 4 orders: −$74.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$152.09
Costs to cover: 0.971%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	3.30 bp	17.2 bp −$17	39.2 bp −$392	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	3.50 bp	29.7 bp −$30	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	0.6043	+0.159%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.053%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6047	+0.232%	$20K	$414K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6046	+0.215%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6051	+0.305%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6050	+0.283%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6047	+0.224%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6046	+0.220%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6068	+0.585%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6052	+0.315%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0104%	1h	0.6039	+0.098%	$425K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6043	+0.160%	$376	—	3x	as long as short
KuCoin PONSUSDTMshort	+0.0230%	4h	0.6039	+0.093%	$1.7M	$3.7M	20x
OKX PONS-USDT-SWAP	+0.0232%	4h	0.6034	+0.017%	$13.9M	$55.6M	20x	as long as short
Bitget PONSUSDT	+0.0288%	4h	0.6040	+0.119%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0306%	4h	0.6038	+0.080%	$1.1M	$2.0M	20x	as long as short
Binance PONSUSDT	+0.0384%	4h	0.6036	+0.050%	$39.7M	$96.0M	20x	as long as short
MEXC PONS_USDT	+0.0388%	4h	0.6038	+0.083%	$7.8M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	0.6038	+0.089%	$250K	$676K	5x	as long as short
Lighter PONS	+0.0400%	1h	0.6040	+0.114%	$1.7M	$946K	3x	as long as short
edgeX PONSUSDC	+0.0406%	4h	0.6065	+0.535%	$21K	$293K	10x	as long as short
Bybit PONSUSDTlong	+0.0534%	4h	0.6033	long leg	$18.2M	$30.8M	20x
Nado PONS-PERP	+0.0594%	1h	0.6044	+0.182%	$104K	$115K	5x	as long as short
BingX PONS-USDT	+0.0594%	4h	0.6041	+0.133%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0629%	4h	0.6041	+0.133%	$1.8M	$982K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6038	+0.086%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0792%	1h	0.6046	+0.212%	$46K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0840%	1h	0.6039	+0.101%	$61.4M	$28.9M	3x	as long as short
Gate PONS_USDT	+0.1276%	4h	0.6041	+0.133%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6089	+0.932%	$32K	$113K	3x	as long as short