PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.053%

Price spread now: KuCoin against Gate−0.041%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1091.089% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.041%, 7d avg +0.022%

Together, before fees−0.257%−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.062% cheaper against Gate than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.022%). If the spread goes back, that is −$6 on $10k: about 21 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.300%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.5921	0.0570	pay 0.0285% / 4h	59m 55s	$5.3M	$6.4M	20x
Short	KuCoin PONSUSDTM	0.5919	0.0580	get 0.0290% / 4h	59m 55s	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $2.1
Price spread: −0.041% → +0.022%: −$6.25
Slippage, 4 orders: −$81.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$113.02
Costs to cover: 1.089%
Break-even: 383.7 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 8 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 Gate live order book, 3 min ago	1.69 bp	32.4 bp −$32	164.4 bp −$1,644	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.19 bp	27.4 bp −$27	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 +0.0032% / S −0.0030%	1h	0.5919	−0.034%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.296%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5921	+0.008%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5925	+0.068%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5926	+0.088%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5922	+0.017%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5940	+0.316%	$29K	$308K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5923	+0.029%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5924	+0.051%	$26K	$581K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5930	+0.154%	$65K	$526K	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	0.5923	+0.034%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5919	−0.026%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0317%	1h	0.5921	+0.006%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0407%	4h	0.5919	−0.034%	$13.4M	$55.2M	20x	as long as short
Aster PONSUSDT	+0.0442%	4h	0.5920	−0.020%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0470%	4h	0.5918	−0.051%	$37.3M	$97.9M	20x	as long as short
Extended PONS-USD	+0.0472%	1h	0.5921	+0.006%	$101K	$806K	5x	as long as short
MEXC PONS_USDT	+0.0472%	4h	0.5921	0.000%	$7.6M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0494%	4h	0.5919	−0.032%	$20K	$291K	10x	as long as short
Variational Omni PONS	+0.0529%	4h	0.5918	−0.043%	$1.4M	$4.1M	—	as long as short
Pacifica PONS	+0.0556%	1h	0.5920	−0.014%	$45K	$68K	3x	as long as short
Gate PONS_USDTlong	+0.0570%	4h	0.5921	long leg	$5.3M	$6.4M	20x
KuCoin PONSUSDTMshort	+0.0580%	4h	0.5919	−0.041%	$1.6M	$3.8M	20x
Bybit PONSUSDT	+0.0622%	4h	0.5920	−0.017%	$17.5M	$31.2M	20x	as long as short
BingX PONS-USDT	+0.0650%	4h	0.5917	−0.068%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0660%	1h	0.5927	+0.101%	$85K	$1.9M	3x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5920	−0.008%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0712%	4h	0.5922	+0.017%	$1.7M	$940K	20x	as long as short
Lighter PONS	+0.0856%	1h	0.5923	+0.034%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5934	+0.225%	$45K	$127K	3x	as long as short