PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.62 per $10,000 · paid last 24h +0.034%

Price spread now: Bybit against KuCoin−0.079%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$990.988% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.079%, 7d avg −0.007%

Together, before fees+0.135%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.072% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.007%). If the spread goes back, that is −$7 on $10k: about 46 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.090% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6217	0.0560	pay 0.0280% / 4h	37m 32s	$1.6M	$3.9M	20x
Short	Bybit PONSUSDT	0.6212	0.0685	get 0.0342% / 4h	37m 32s	$18.8M	$32.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.079%Rate

Funding earned: $26.25
Price spread: −0.079% → −0.007%: −$7.17
Slippage, 4 orders: −$75.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.77
Costs to cover: 0.988%
Break-even: 28.3 days

Slippage from KuCoin: live order book, 10 min ago; Bybit: 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, 10 min ago	4.55 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.61 bp	16.6 bp −$17	31.9 bp −$319	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 −0.0029%	1h	0.6211	−0.097%	$236K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6216	−0.014%	$22K	$454K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6217	+0.002%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6285	+1.097%	$31K	$303K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6228	+0.183%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6232	+0.246%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6222	+0.080%	$27K	$628K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6234	+0.280%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6215	−0.031%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6230	+0.204%	$388	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0433%	4h	0.6213	−0.063%	$14.1M	$60.3M	20x	as long as short
Variational Omni PONS	+0.0520%	4h	0.6292	+1.212%	$1.5M	$4.2M	—	as long as short
Aster PONSUSDT	+0.0525%	4h	0.6209	−0.129%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0560%	4h	0.6217	long leg	$1.6M	$3.9M	20x
Pacifica PONS	+0.0572%	1h	0.6208	−0.145%	$47K	$69K	3x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6208	−0.151%	$105K	$818K	5x	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.6220	+0.050%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0601%	4h	0.6212	−0.074%	$40.9M	$103.2M	20x	as long as short
edgeX PONSUSDC	+0.0627%	4h	0.6228	+0.177%	$21K	$290K	10x	as long as short
Lighter RH PONS	+0.0656%	1h	0.6208	−0.151%	$440K	$2.6M	3x	as long as short
BingX PONS-USDT	+0.0667%	4h	0.6224	+0.114%	—	$3.1M	—	as long as short
Bybit PONSUSDTshort	+0.0685%	4h	0.6212	−0.079%	$18.8M	$32.5M	20x
Bitget PONSUSDT	+0.0706%	4h	0.6221	+0.072%	$4.9M	$12.8M	20x	as long as short
Hyperliquid PONS	+0.0771%	1h	0.6219	+0.031%	$63.3M	$30.2M	3x	as long as short
Lighter PONS	+0.0840%	1h	0.6213	−0.060%	$1.7M	$847K	3x	as long as short
BloFin PONS-USDT	+0.0842%	4h	0.6218	+0.018%	$1.7M	$1.0M	20x	as long as short
Gate PONS_USDT	+0.0880%	4h	0.6203	−0.224%	$5.5M	$6.4M	20x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−4.478%	$610	$10K	5.5x	as long as short
Polymarket Perps PONS-USD	+0.1298%	1h	0.6215	−0.034%	$68K	$2.2M	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6231	+0.224%	$47K	$127K	3x	as long as short