PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0114%/8h= −12.5% APRnext payment −$0.57 per $10,000 · paid last 24h +0.017%

Price spread now: MEXC against KuCoin−0.027%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$810.810% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.027%, 7d avg +0.020%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.191%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.5953	0.0618	pay 0.0309% / 4h	1h 25m	$1.6M	$3.8M	20x
Short	MEXC PONS_USDT	0.5951	0.0504	get 0.0252% / 4h	1h 25m	$7.6M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$23.94
Price spread: −0.027% → +0.020%: −$4.72
Slippage, 4 orders: −$69.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$109.67
Costs to cover: 0.810%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 2 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	3.21 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.37 bp	7.7 bp −$8	19.6 bp −$196	441.6 bp −$44.2K	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	0.5931	−0.361%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.284%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5947	−0.094%	$418K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5960	+0.124%	$22K	$419K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5947	−0.099%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5956	+0.064%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5925	−0.465%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5933	−0.329%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5942	−0.181%	$26K	$583K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5939	−0.223%	$65K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5935	−0.296%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0198%	1h	0.5948	−0.069%	$60.4M	$29.6M	3x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5938	−0.249%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0398%	4h	0.5964	+0.192%	$13.4M	$56.0M	20x	as long as short
Aster PONSUSDT	+0.0458%	4h	0.5953	+0.005%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0486%	1h	0.5940	−0.203%	$94K	$1.9M	3x	as long as short
MEXC PONS_USDTshort	+0.0504%	4h	0.5951	−0.027%	$7.6M	$4.7M	20x
Binance PONSUSDT	+0.0511%	4h	0.5957	+0.078%	$37.5M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0512%	1h	0.5952	−0.017%	$101K	$807K	5x	as long as short
edgeX PONSUSDC	+0.0526%	4h	0.5925	−0.471%	$20K	$291K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5949	−0.062%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0590%	4h	0.5938	−0.238%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTMlong	+0.0618%	4h	0.5953	long leg	$1.6M	$3.8M	20x
Gate PONS_USDT	+0.0644%	4h	0.5942	−0.178%	$5.3M	$6.3M	20x	as long as short
Bitget PONSUSDT	+0.0678%	4h	0.5955	+0.040%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0686%	4h	0.5949	−0.060%	—	$3.0M	—	as long as short
BloFin PONS-USDT	+0.0745%	4h	0.5921	−0.531%	$1.7M	$943K	20x	as long as short
Bybit PONSUSDT	+0.0747%	4h	0.5961	+0.141%	$17.7M	$31.3M	20x	as long as short
Lighter PONS	+0.0832%	1h	0.5949	−0.060%	$1.7M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5936	−0.277%	$45K	$127K	3x	as long as short