PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0444%/8h= −48.6% APRnext payment −$2.22 per $10,000 · paid last 24h −0.080%

Price spread now: HTX against KuCoin+0.059%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$378as in the Funding arb table

Net, price: spread back to 7d avg − costs−$348as in the Price arb table

costs, in and out, $10k−$3473.473% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.302%−$30 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.059%, 7d avg +0.062%

Together, before fees−0.415%−$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.302% in total (about -15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.22 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6392	0.0544	pay 0.0272% / 4h	5m 46s	$1.8M	$4.3M	20x
Short	HTX PONS-USDT	0.6396	0.0100	get 0.0050% / 4h	5m 46s	$67K	$557K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$93.24
Price spread: +0.059% → +0.062%: −$0.21
Slippage, 4 orders: −$323.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$440.77
Costs to cover: 3.473%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 36 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	2.25 bp	21.0 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 36 min ago	36.65 bp	159.4 bp −$159	doesn't fit	doesn't fit	doesn't fit

PONS on 30 exchanges

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 +0.0031% / S −0.0029%	1h	0.6386	−0.096%	$251K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−7.098%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6384	−0.128%	$21K	$414K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6393	+0.010%	$88K	$101K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6433	+0.645%	$32K	$283K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6398	+0.083%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6383	−0.145%	—	$805K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6405	+0.196%	$27K	$597K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6396	+0.059%	$67K	$557K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6404	+0.185%	$1.7M	$3.2M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0224%	1h	0.6388	−0.071%	$398	—	3x	as long as short
Hyperliquid PONS	+0.0240%	1h	0.6391	−0.014%	$65.2M	$29.4M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0294%	4h	0.6390	−0.034%	$14.1M	$60.3M	20x	as long as short
Aster PONSUSDT	+0.0376%	4h	0.6389	−0.046%	$1.2M	$2.1M	20x	as long as short
Pacifica PONS	+0.0517%	1h	0.6385	−0.115%	$47K	$70K	3x	as long as short
Lighter RH PONS	+0.0536%	1h	0.6400	+0.125%	$445K	$2.6M	3x	as long as short
KuCoin PONSUSDTMlong	+0.0544%	4h	0.6392	long leg	$1.8M	$4.3M	20x
Binance PONSUSDT	+0.0552%	4h	0.6392	−0.003%	$41.4M	$98.7M	20x	as long as short
Extended PONS-USD	+0.0552%	1h	0.6384	−0.121%	$185K	$821K	5x	as long as short
MEXC PONS_USDT	+0.0558%	4h	0.6388	−0.066%	$7.9M	$4.6M	20x	as long as short
Variational Omni PONS	+0.0564%	4h	0.6434	+0.658%	$1.5M	$3.7M	—	as long as short
edgeX PONSUSDC	+0.0570%	4h	0.6430	+0.594%	$18K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0660%	4h	0.6393	+0.019%	$5.1M	$13.1M	20x	as long as short
BingX PONS-USDT	+0.0718%	4h	0.6381	−0.175%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0739%	1h	0.6381	−0.167%	$72K	$2.1M	3x	as long as short
Bybit PONSUSDT	+0.0757%	4h	0.6389	−0.050%	$19.2M	$31.5M	20x	as long as short
Lighter PONS	+0.0768%	1h	0.6401	+0.138%	$1.8M	$866K	3x	as long as short
BloFin PONS-USDT	+0.0807%	4h	0.6384	−0.128%	$1.8M	$1.1M	20x	as long as short
Phoenix PONS	+0.1439%	1h	0.6438	+0.715%	$49K	$153K	3x	as long as short
Gate PONS_USDT	+0.1548%	4h	0.6380	−0.191%	$5.4M	$6.7M	20x	as long as short