PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0378%/8h= +41.4% APRnext payment +$1.89 per $10,000 · paid last 24h +0.064%

Price spread now: KuCoin against HTX−0.487%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$353as in the Funding arb table

Net, price: spread back to 7d avg − costs−$421as in the Price arb table

costs, in and out, $10k−$3783.779% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.487%, 7d avg −0.059%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.427% cheaper against HTX than usual: you would sell low and buy high (spread −0.487% now, against its 7-day average of −0.059%). If the spread goes back, that is −$43 on $10k: about 3.8 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.253% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.253% in total (about 13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.89 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	HTX PONS-USDT	0.5980	0.0100	pay 0.0050% / 4h	1h 05m	$64K	$509K	20x
Short	KuCoin PONSUSDTM	0.5951	0.0478	get 0.0239% / 4h	1h 05m	$1.6M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.487%Rate

Funding earned: $79.38
Price spread: −0.487% → −0.059%: −$42.72
Slippage, 4 orders: −$353.86
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$341.2
Costs to cover: 3.779%
Break-even: 37.1 days

Slippage from HTX: live order book, 58 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 HTX live order book, 58 min ago	29.48 bp	166.7 bp −$167	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.35 bp	30.8 bp −$31	121.7 bp −$1,217	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	0.5948	−0.526%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.174%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5956	−0.400%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5981	+0.017%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5961	−0.313%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5959	−0.351%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5957	−0.386%	$26K	$527K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5980	long leg	$64K	$509K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5956	−0.400%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0162%	4h	0.5953	−0.450%	$5.2M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0199%	4h	0.5951	−0.478%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5958	−0.366%	$371	—	3x	as long as short
Nado PONS-PERP	+0.0241%	1h	0.5951	−0.484%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0256%	1h	0.5951	−0.478%	$410K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0311%	4h	0.5952	−0.467%	$13.5M	$54.5M	20x	as long as short
Lighter PONS	+0.0320%	1h	0.5953	−0.450%	$1.6M	$877K	3x	as long as short
Aster PONSUSDT	+0.0409%	4h	0.5945	−0.586%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0424%	4h	0.5955	−0.410%	$4.7M	$11.4M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0478%	4h	0.5951	−0.487%	$1.6M	$3.7M	20x
Bybit PONSUSDT	+0.0490%	4h	0.5949	−0.517%	$17.8M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.5953	−0.450%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0514%	4h	0.5951	−0.481%	$39.2M	$94.9M	20x	as long as short
Extended PONS-USD	+0.0520%	1h	0.5948	−0.525%	$246K	$672K	5x	as long as short
MEXC PONS_USDT	+0.0520%	4h	0.5946	−0.567%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0539%	4h	0.5968	−0.200%	$18K	$293K	10x	as long as short
Pacifica PONS	+0.0755%	1h	0.5945	−0.587%	$47K	$69K	3x	as long as short
Hyperliquid PONS	+0.0760%	1h	0.5949	−0.515%	$60.6M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0762%	4h	0.5970	−0.166%	$1.7M	$959K	20x	as long as short
Polymarket Perps PONS-USD	+0.0848%	1h	0.5954	−0.430%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5996	+0.261%	$31K	$98K	3x	as long as short