PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.038%

Price spread now: Aster against KuCoin−0.138%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.138%, 7d avg −0.033%

Together, before fees−0.075%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.105% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.033%). If the spread goes back, that is −$11 on $10k: about 15 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.132%, 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	KuCoin PONSUSDTM	0.5997	0.0100	pay 0.0050% / 4h	1h 07m	$1.8M	$3.7M	20x
Short	Aster PONSUSDT	0.5988	0.0123	get 0.0062% / 4h	1h 07m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.138%Rate

Funding earned: $4.88
Price spread: −0.138% → −0.033%: −$10.52
Slippage, 4 orders: −$66.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.49
Costs to cover: 0.869%
Break-even: 139.8 days

Slippage from KuCoin: live order book, 5 min ago; Aster: 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 KuCoin live order book, 5 min ago	2.26 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.93 bp	10.7 bp −$11	30.7 bp −$307	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 −0.0036%	1h	0.5982	−0.244%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.450%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5991	−0.092%	$21K	$440K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5995	−0.025%	$18.0M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5997	+0.008%	$13.5M	$56.5M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0100%	4h	0.5997	long leg	$1.8M	$3.7M	20x
Bitget PONSUSDT	+0.0100%	4h	0.5999	+0.048%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5976	−0.339%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5991	−0.083%	$35K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5996	−0.017%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5998	+0.017%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5988	−0.147%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5996	−0.005%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5987	−0.158%	$1.7M	$3.3M	20x	as long as short
Aster PONSUSDTshort	+0.0123%	4h	0.5988	−0.138%	$1.1M	$2.2M	20x
Aevo PONS-PERP	+0.0128%	1h	0.5991	−0.092%	$373	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5994	−0.048%	$248K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0178%	4h	0.5995	−0.025%	$7.8M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0179%	4h	0.5997	+0.011%	$39.0M	$97.8M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5995	−0.025%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0202%	4h	0.5981	−0.263%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0207%	1h	0.5991	−0.092%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0256%	1h	0.5989	−0.117%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0419%	4h	0.5988	−0.142%	$1.7M	$979K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5995	−0.020%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0483%	1h	0.5989	−0.120%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0624%	1h	0.5990	−0.113%	$1.7M	$1.0M	3x	as long as short
Hyperliquid PONS	+0.0680%	1h	0.5997	+0.002%	$60.7M	$30.1M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5978	−0.314%	$30K	$96K	3x	as long as short
Gate PONS_USDT	+0.1512%	4h	0.5985	−0.192%	$5.2M	$6.5M	20x	as long as short