PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.73 per $10,000 · paid last 24h −0.089%

Price spread now: KuCoin against BloFin+0.030%50s7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$910.909% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.695%−$70 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.030%, 7d avg −0.054%

Together, before fees−0.870%−$87 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.084% dearer against BloFin than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.054%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.695% in total) that is about 20 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.5911	0.0837	pay 0.0418% / 4h	2h 04m	$1.7M	$959K	20x
Short	KuCoin PONSUSDTM	0.5913	0.0690	get 0.0345% / 4h	2h 04m	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$30.81
Price spread: +0.030% → −0.054%: $8.43
Slippage, 4 orders: −$66.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$113.3
Costs to cover: 0.909%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; KuCoin: 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 BloFin live order book, 3 min ago	6.76 bp	14.8 bp −$15	29.1 bp −$291	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.45 bp	29.7 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 −0.0032%	1h	0.5906	−0.079%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.990%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5913	+0.030%	$407K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5913	+0.034%	$21K	$424K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5918	+0.113%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5914	+0.051%	$69K	$131K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5911	0.000%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5905	−0.098%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5914	+0.046%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5912	+0.017%	$25K	$585K	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	0.5918	+0.115%	$64K	$524K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5907	−0.068%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0227%	1h	0.5914	+0.046%	$60.0M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5913	+0.025%	$368	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0431%	4h	0.5909	−0.034%	$13.4M	$55.7M	20x	as long as short
Aster PONSUSDT	+0.0485%	4h	0.5916	+0.085%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0594%	4h	0.5915	+0.069%	$37.4M	$98.5M	20x	as long as short
MEXC PONS_USDT	+0.0596%	4h	0.5914	+0.051%	$7.5M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.5912	+0.022%	$101K	$811K	5x	as long as short
edgeX PONSUSDC	+0.0619%	4h	0.5913	+0.027%	$20K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0644%	4h	0.5916	+0.078%	$4.7M	$12.2M	20x	as long as short
Variational Omni PONS	+0.0659%	4h	0.5914	+0.059%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTMshort	+0.0690%	4h	0.5913	+0.030%	$1.6M	$3.8M	20x
Pacifica PONS	+0.0715%	1h	0.5913	+0.027%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0734%	1h	0.5914	+0.046%	$88K	$1.9M	3x	as long as short
Lighter PONS	+0.0824%	1h	0.5916	+0.085%	$1.6M	$940K	3x	as long as short
BloFin PONS-USDTlong	+0.0837%	4h	0.5911	long leg	$1.7M	$959K	20x
BingX PONS-USDT	+0.0926%	4h	0.5915	+0.068%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0946%	4h	0.5912	+0.017%	$17.6M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5911	+0.003%	$45K	$121K	3x	as long as short