PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.89 per $10,000 · paid last 24h −0.020%

Price spread now: KuCoin against Binance+0.053%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 7 days−0.115%−$11 · spread now +0.053%, 7d avg −0.041%

Together, before fees−0.315%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.094% dearer against Binance than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.041%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6096	0.0365	pay 0.0182% / 4h	3h 25m	$39.9M	$96.7M	20x
Short	KuCoin PONSUSDTM	0.6099	0.0186	get 0.0093% / 4h	3h 25m	$1.8M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$37.5
Price spread: +0.053% → −0.041%: $9.42
Slippage, 4 orders: −$77.69
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$127.77
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: 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 Binance live order book, 2 min ago	1.63 bp	14.8 bp −$15	49.4 bp −$494	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.29 bp	29.5 bp −$30	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 −0.0033%	1h	0.6087	−0.141%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.074%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6099	+0.048%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6113	+0.280%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6090	−0.098%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6116	+0.324%	$34K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6106	+0.165%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6106	+0.163%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6099	+0.050%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6106	+0.168%	$65K	$510K	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	0.6096	+0.001%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6098	+0.034%	$380	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0175%	4h	0.6100	+0.066%	$13.9M	$57.0M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0186%	4h	0.6099	+0.053%	$1.8M	$3.7M	20x
Bitget PONSUSDT	+0.0248%	4h	0.6103	+0.116%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0276%	4h	0.6101	+0.076%	$1.1M	$2.1M	20x	as long as short
Binance PONSUSDTlong	+0.0365%	4h	0.6096	long leg	$39.9M	$96.7M	20x
MEXC PONS_USDT	+0.0366%	4h	0.6099	+0.050%	$8.0M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0368%	4h	0.6115	+0.316%	$21K	$292K	10x	as long as short
Extended PONS-USD	+0.0368%	1h	0.6093	−0.041%	$253K	$679K	5x	as long as short
Lighter PONS	+0.0472%	1h	0.6099	+0.052%	$1.7M	$932K	3x	as long as short
BloFin PONS-USDT	+0.0608%	4h	0.6117	+0.345%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0608%	1h	0.6112	+0.262%	$106K	$115K	5x	as long as short
BingX PONS-USDT	+0.0648%	4h	0.6104	+0.132%	—	$3.1M	—	as long as short
Pacifica PONS	+0.0665%	1h	0.6099	+0.047%	$48K	$78K	3x	as long as short
Bybit PONSUSDT	+0.0681%	4h	0.6100	+0.066%	$18.3M	$31.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0776%	1h	0.6110	+0.235%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0886%	1h	0.6102	+0.099%	$62.0M	$29.3M	3x	as long as short
Gate PONS_USDT	+0.0996%	4h	0.6100	+0.066%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6110	+0.227%	$32K	$113K	3x	as long as short