Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.66 per $10,000 · paid last 24h +0.089%
Price spread now: BloFin against KuCoin+0.113%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$880.876% of the position
Funding, last 7 days+0.695%+$70 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.113%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.060% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.5911 | 0.0566 | pay 0.0283% / 4h | 56m 45s | $1.6M | $3.9M | 20x |
| Short | BloFin PONS-USDT | 0.5918 | 0.0698 | get 0.0349% / 4h | 56m 45s | $1.7M | $939K | 20x |
KuCoin PONSUSDTM
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $27.75
- Price spread: +0.113% → +0.053%
- $6.04
- Slippage, 4 orders
- −$63.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.82
- Costs to cover
- 0.876%
- Break-even
- 20.6 days
Slippage from KuCoin: live order book, 11 min ago; BloFin: live order book, 1 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, 11 min ago | 2.19 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 1.69 bp | 17.4 bp −$17 | 33.9 bp −$339 | 104.9 bp −$10.5K | 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 | 0.5910 | −0.025% | $242K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5914 | +0.046% | $409K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5916 | +0.080% | $22K | $420K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5921 | +0.169% | $2K | $3K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5918 | +0.110% | $29K | $308K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5919 | +0.137% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5914 | +0.046% | $25K | $581K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5930 | +0.318% | $64K | $526K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5916 | +0.080% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0200% | 1h | 0.5916 | +0.080% | $369 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PONS-USDT-SWAP | +0.0395% | 4h | 0.5910 | −0.022% | $13.4M | $55.1M | 20x | as long as short |
| Aster PONSUSDT | +0.0431% | 4h | 0.5915 | +0.060% | $1.1M | $2.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0453% | 4h | 0.5914 | +0.046% | $37.2M | $97.9M | 20x | as long as short |
| Extended PONS-USD | +0.0456% | 1h | 0.5917 | +0.096% | $101K | $806K | 5x | as long as short |
| MEXC PONS_USDT | +0.0458% | 4h | 0.5913 | +0.029% | $7.7M | $4.6M | 20x | as long as short |
| Gate PONS_USDT | +0.0462% | 4h | 0.5921 | +0.164% | $5.3M | $6.2M | 20x | as long as short |
| Nado PONS-PERP | +0.0466% | 1h | 0.5912 | +0.012% | $69K | $130K | 5x | as long as short |
| edgeX PONSUSDC | +0.0471% | 4h | 0.5917 | +0.098% | $20K | $289K | 10x | as long as short |
| Variational Omni PONS | +0.0529% | 4h | 0.5918 | +0.121% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTMlong | +0.0566% | 4h | 0.5911 | long leg | $1.6M | $3.9M | 20x | |
| Pacifica PONS | +0.0572% | 1h | 0.5913 | +0.021% | $45K | $68K | 3x | as long as short |
| Bybit PONSUSDT | +0.0612% | 4h | 0.5910 | −0.022% | $17.5M | $31.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0642% | 4h | 0.5913 | +0.029% | — | $3.0M | — | as long as short |
| Bitget PONSUSDT | +0.0668% | 4h | 0.5915 | +0.058% | $4.7M | $12.2M | 20x | as long as short |
| BloFin PONS-USDTshort | +0.0698% | 4h | 0.5918 | +0.113% | $1.7M | $939K | 20x | |
| Lighter PONS | +0.0760% | 1h | 0.5915 | +0.063% | $1.6M | $802K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0859% | 1h | 0.5916 | +0.080% | $83K | $1.9M | 3x | as long as short |
| Injective PONS/USDC PERP | +0.1069% | 1h | 0.5938 | +0.460% | $610 | $10K | 5.5x | as long as short |
| Hyperliquid PONS | +0.1301% | 1h | 0.5915 | +0.068% | $60.1M | $29.6M | 3x | as long as short |
| Phoenix PONS | +0.1472% | 1h | 0.5917 | +0.090% | $45K | $127K | 3x | as long as short |
OKX PONS-USDT-SWAP
Aster PONSUSDT
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Gate PONS_USDT
Nado PONS-PERP
edgeX PONSUSDC
Variational Omni PONS
Pacifica PONS
Bybit PONSUSDT
BingX PONS-USDT
Bitget PONSUSDT
Lighter PONS
Polymarket Perps PONS-USD
Injective PONS/USDC PERP
Hyperliquid PONS
Phoenix PONS