PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0504%/8h= +55.2% APRnext payment +$2.52 per $10,000 · paid last 24h +0.081%

Price spread now: KuCoin against Orderly−0.133%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.133% cheaper against Orderly than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 21 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.5924	0.0100	pay 0.0050% / 4h	1h 17m	$2K	$3K	10x
Short	KuCoin PONSUSDTM	0.5916	0.0604	get 0.0302% / 4h	1h 17m	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now −0.133%Rate

Funding earned: $105.89
Price spread: −0.133% → 0.000%: −$13.33
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $74.56
Costs to cover: 0.180%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, just now. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, just now	2.62 bp	26.4 bp −$26	109.5 bp −$1,095	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.5911	−0.227%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.763%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5919	−0.095%	$412K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5926	+0.029%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.5924	long leg	$2K	$3K	10x
Nado PONS-PERP	+0.0100%	1h	0.5927	+0.046%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5933	+0.143%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5926	+0.025%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5917	−0.116%	$26K	$583K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5922	−0.044%	$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	0.5912	−0.208%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0185%	1h	0.5921	−0.056%	$60.1M	$29.6M	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5915	−0.157%	$369	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0399%	4h	0.5920	−0.073%	$13.3M	$55.5M	20x	as long as short
Aster PONSUSDT	+0.0445%	4h	0.5917	−0.116%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0486%	4h	0.5921	−0.056%	$37.3M	$98.2M	20x	as long as short
Extended PONS-USD	+0.0488%	1h	0.5917	−0.117%	$101K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0492%	4h	0.5921	−0.056%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0512%	4h	0.5925	+0.011%	$20K	$292K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5922	−0.041%	$45K	$68K	3x	as long as short
Polymarket Perps PONS-USD	+0.0560%	1h	0.5924	−0.003%	$92K	$1.9M	3x	as long as short
Variational Omni PONS	+0.0577%	4h	0.5938	+0.231%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTMshort	+0.0604%	4h	0.5916	−0.133%	$1.6M	$3.8M	20x
Bitget PONSUSDT	+0.0674%	4h	0.5922	−0.037%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0680%	4h	0.5921	−0.056%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0707%	4h	0.5919	−0.089%	$17.5M	$31.3M	20x	as long as short
BloFin PONS-USDT	+0.0726%	4h	0.5929	+0.079%	$1.7M	$944K	20x	as long as short
Gate PONS_USDT	+0.0840%	4h	0.5916	−0.140%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0888%	1h	0.5923	−0.019%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5928	+0.056%	$45K	$127K	3x	as long as short