PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0602%/8h= −65.9% APRnext payment −$3.01 per $10,000 · paid last 24h −0.080%

Price spread now: SunX against KuCoin+0.010%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$398as in the Funding arb table

Net, price: spread back to 7d avg − costs−$374as in the Price arb table

costs, in and out, $10k−$3693.694% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.283%−$28 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.010%, 7d avg +0.061%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and SunX is 0.051% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.283% in total (about -14.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.5910	0.0702	pay 0.0351% / 4h	2h 10m	$1.6M	$3.8M	20x
Short	SunX PONS-USDT	0.5911	0.0100	get 0.0050% / 4h	2h 10m	—	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$126.42
Price spread: +0.010% → +0.061%: −$5.05
Slippage, 4 orders: −$349.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$500.83
Costs to cover: 3.694%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 3 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	2.46 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	106.34 bp	174.3 bp −$174	doesn't fit	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 +0.0033% / S −0.0032%	1h	0.5904	−0.100%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.002%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5911	+0.008%	$412K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5909	−0.022%	$21K	$428K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5918	+0.137%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5914	+0.063%	$69K	$131K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5905	−0.090%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5878	−0.547%	$29K	$329K	5x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.5911	+0.010%	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5914	+0.054%	$25K	$587K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5906	−0.074%	$64K	$525K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5905	−0.090%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0213%	1h	0.5914	+0.061%	$60.0M	$29.6M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5895	−0.263%	$367	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0422%	4h	0.5912	+0.029%	$13.4M	$55.7M	20x	as long as short
Aster PONSUSDT	+0.0490%	4h	0.5911	+0.008%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0592%	4h	0.5885	−0.435%	$20K	$294K	10x	as long as short
Extended PONS-USD	+0.0600%	1h	0.5910	+0.001%	$101K	$811K	5x	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.5913	+0.046%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0601%	4h	0.5910	−0.005%	$37.4M	$98.5M	20x	as long as short
Bitget PONSUSDT	+0.0628%	4h	0.5915	+0.074%	$4.7M	$12.2M	20x	as long as short
Variational Omni PONS	+0.0661%	4h	0.5911	+0.020%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTMlong	+0.0702%	4h	0.5910	long leg	$1.6M	$3.8M	20x
Pacifica PONS	+0.0715%	1h	0.5908	−0.039%	$45K	$69K	3x	as long as short
Lighter PONS	+0.0736%	1h	0.5913	+0.044%	$1.6M	$939K	3x	as long as short
Polymarket Perps PONS-USD	+0.0741%	1h	0.5915	+0.080%	$93K	$1.9M	3x	as long as short
BloFin PONS-USDT	+0.0841%	4h	0.5911	+0.012%	$1.7M	$959K	20x	as long as short
BingX PONS-USDT	+0.0932%	4h	0.5911	+0.012%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0979%	4h	0.5909	−0.022%	$17.6M	$31.6M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5880	−0.511%	$45K	$121K	3x	as long as short