PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.96 per $10,000 · paid last 24h +0.066%

Price spread now: BingX against KuCoin−0.044%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$39 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.044%, 7d avg +0.042%

Together, before fees+0.388%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.086% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.042%). If the spread goes back, that is −$9 on $10k: about 36 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6123	0.0110	pay 0.0055% / 4h	45m 23s	$1.8M	$3.7M	20x
Short	BingX PONS-USDT	0.6120	0.0302	get 0.0151% / 4h	45m 23s	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $40.32
Price spread: −0.044% → +0.042%: −$8.64
Slippage, 4 orders: −$61.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$52.19
Costs to cover: 0.839%
Break-even: 16.1 days

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 4 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, 2 min ago	3.51 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	0.81 bp	5.8 bp −$6	20.1 bp −$201	139.1 bp −$13.9K	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.502%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0034%	1h	0.6117	−0.101%	$236K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6124	+0.021%	$21K	$462K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6125	+0.038%	$87K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6118	−0.077%	$18.5M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6120	−0.044%	$13.9M	$58.3M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6136	+0.213%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6126	+0.054%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6130	+0.124%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6133	+0.162%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6122	−0.003%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6146	+0.381%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6120	−0.044%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0110%	4h	0.6123	long leg	$1.8M	$3.7M	20x
Bitget PONSUSDT	+0.0118%	4h	0.6126	+0.049%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6124	+0.019%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0193%	4h	0.6122	−0.019%	$1.1M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0296%	1h	0.6132	+0.150%	$428K	$2.6M	3x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6123	+0.006%	$254K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0296%	4h	0.6126	+0.054%	$8.1M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0296%	4h	0.6126	+0.046%	$40.0M	$99.2M	20x	as long as short
BingX PONS-USDTshort	+0.0302%	4h	0.6120	−0.044%	—	$3.1M	—
edgeX PONSUSDC	+0.0305%	4h	0.6150	+0.450%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0360%	1h	0.6132	+0.150%	$1.7M	$921K	3x	as long as short
BloFin PONS-USDT	+0.0544%	4h	0.6126	+0.054%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0696%	1h	0.6125	+0.031%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6124	+0.027%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0961%	1h	0.6126	+0.047%	$62.2M	$30.8M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6150	+0.454%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2104%	4h	0.6121	−0.028%	$5.3M	$6.2M	20x	as long as short