PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0529%/8h= +58.0% APRpaid last 24h +0.101%

Price spread now: KuCoin against gTrade (Gains Network)+0.066%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,655as in the Price arb table

costs, in and out, $10k−$4,64946.490% of the position

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.153%+$15 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.066%, 7d avg +0.128%

Together, before fees+0.316%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.062% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.128%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.6085	L +0.0033% / S −0.0032%	pay 0.0004% / 1h	51m 26s	$242K	—	150x
Short	KuCoin PONSUSDTM	0.6089	0.0562	get 0.0281% / 4h	51m 26s	$1.6M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: $111.15
Price spread: +0.066% → +0.128%: −$6.24
Slippage, 4 orders: −$4,624.96
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4,544.06
Costs to cover: 46.490%
Break-even: 293.2 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 53 min ago; KuCoin: live order book, 6 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 gTrade (Gains Network) virtual book (oracle venue), 53 min ago	130.01 bp	2119.7 bp −$2,120	16868.8 bp −$168.7K	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.70 bp	23.8 bp −$24	109.3 bp −$1,093	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/USDlong	L +0.0033% / S −0.0032%	1h	0.6085	long leg	$242K	—	150x
Popdex PONSUSDT	+0.0096%	1h	0.6095	+0.158%	$22K	$438K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6056	−0.483%	$30K	$305K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6107	+0.358%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6090	+0.074%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6065	−0.344%	$26K	$600K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6084	−0.026%	$66K	$534K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6058	−0.450%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0145%	1h	0.6092	+0.101%	$71K	$130K	5x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.6104	+0.308%	$380	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0397%	4h	0.6100	+0.240%	$13.8M	$57.7M	20x	as long as short
edgeX PONSUSDC	+0.0462%	4h	0.6060	−0.422%	$20K	$290K	10x	as long as short
Gate PONS_USDT	+0.0476%	4h	0.6081	−0.072%	$5.4M	$6.3M	20x	as long as short
Aster PONSUSDT	+0.0483%	4h	0.6101	+0.250%	$1.2M	$2.3M	20x	as long as short
MEXC PONS_USDT	+0.0484%	4h	0.6098	+0.207%	$7.9M	$4.6M	20x	as long as short
Extended PONS-USD	+0.0488%	1h	0.6086	+0.017%	$104K	$818K	5x	as long as short
Variational Omni PONS	+0.0495%	4h	0.5907	−2.925%	$1.4M	$4.1M	—	as long as short
Binance PONSUSDT	+0.0508%	4h	0.6105	+0.322%	$38.9M	$99.9M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0562%	4h	0.6089	+0.066%	$1.6M	$3.9M	20x
Pacifica PONS	+0.0572%	1h	0.6085	−0.001%	$46K	$68K	3x	as long as short
Bybit PONSUSDT	+0.0624%	4h	0.6103	+0.289%	$18.3M	$31.6M	20x	as long as short
BingX PONS-USDT	+0.0636%	4h	0.6103	+0.289%	—	$3.0M	—	as long as short
Bitget PONSUSDT	+0.0674%	4h	0.6102	+0.271%	$4.8M	$12.5M	20x	as long as short
Lighter PONS	+0.0712%	1h	0.6083	−0.033%	$1.7M	$828K	3x	as long as short
BloFin PONS-USDT	+0.0724%	4h	0.6066	−0.319%	$1.7M	$964K	20x	as long as short
Lighter RH PONS	+0.0776%	1h	0.6084	−0.023%	$417K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.1005%	1h	0.6097	+0.194%	$62.1M	$29.8M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−2.414%	$610	$10K	5.5x	as long as short
Polymarket Perps PONS-USD	+0.1291%	1h	0.6094	+0.148%	$73K	$2.0M	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6068	−0.286%	$46K	$127K	3x	as long as short