PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0518%/8h= +56.7% APRnext payment +$2.59 per $10,000 · paid last 24h +0.080%

Price spread now: KuCoin against SunX−0.017%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3113.112% of the position

Long on SunX Short on KuCoin

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)−0.024%−$2 · spread now −0.017%, 7d avg −0.061%

Together, before fees+0.259%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and KuCoin is 0.044% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.061%.

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 +$2.59 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	SunX PONS-USDT	0.5924	0.0100	pay 0.0050% / 4h	1h 27m	—	$1.2M	10x
Short	KuCoin PONSUSDTM	0.5923	0.0618	get 0.0309% / 4h	1h 27m	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now −0.017%Rate

Funding earned: $108.78
Price spread: −0.017% → −0.061%: $4.38
Slippage, 4 orders: −$291.18
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$198.01
Costs to cover: 3.112%
Break-even: 19.7 days

Slippage from SunX: live order book, 7 min ago; KuCoin: live order book, 10 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 SunX live order book, 7 min ago	105.03 bp	123.9 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	2.45 bp	26.0 bp −$26	118.5 bp −$1,185	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 −0.0030%	1h	0.5902	−0.374%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.771%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5921	−0.049%	$416K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5929	+0.088%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5927	+0.051%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5920	−0.064%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5924	+0.008%	$29K	$315K	5x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5924	long leg	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5921	−0.047%	$26K	$583K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5936	+0.204%	$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	0.5920	−0.064%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0190%	1h	0.5924	−0.003%	$60.2M	$29.6M	3x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5919	−0.077%	$369	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0393%	4h	0.5922	−0.030%	$13.3M	$55.6M	20x	as long as short
Aster PONSUSDT	+0.0451%	4h	0.5914	−0.173%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0473%	1h	0.5925	+0.015%	$94K	$1.9M	3x	as long as short
Extended PONS-USD	+0.0504%	1h	0.5922	−0.037%	$101K	$807K	5x	as long as short
Binance PONSUSDT	+0.0505%	4h	0.5926	+0.037%	$37.3M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0514%	4h	0.5922	−0.030%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0520%	4h	0.5933	+0.153%	$20K	$290K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5911	−0.223%	$45K	$68K	3x	as long as short
Gate PONS_USDT	+0.0570%	4h	0.5919	−0.081%	$5.3M	$6.3M	20x	as long as short
Variational Omni PONS	+0.0575%	4h	0.5930	+0.112%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTMshort	+0.0618%	4h	0.5923	−0.017%	$1.6M	$3.8M	20x
Bitget PONSUSDT	+0.0676%	4h	0.5927	+0.056%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0686%	4h	0.5923	−0.014%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0732%	4h	0.5921	−0.047%	$17.6M	$31.3M	20x	as long as short
BloFin PONS-USDT	+0.0745%	4h	0.5921	−0.047%	$1.7M	$943K	20x	as long as short
Lighter PONS	+0.0808%	1h	0.5925	+0.024%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5936	+0.208%	$45K	$127K	3x	as long as short