PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.020%

Price spread now: Bitget against KuCoin−0.143%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 7 days+0.115%+$11 · spread now −0.143%, 7d avg +0.023%

Together, before fees+0.257%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.165% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of +0.023%). If the spread goes back, that is −$17 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6030	0.0320	pay 0.0160% / 4h	1h 58m	$1.7M	$3.6M	20x
Short	Bitget PONSUSDT	0.6022	0.0372	get 0.0186% / 4h	1h 58m	$4.7M	$11.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.143%Rate

Funding earned: $10.92
Price spread: −0.143% → +0.023%: −$16.53
Slippage, 4 orders: −$73.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$103.46
Costs to cover: 0.978%
Break-even: 73.3 days

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, just now.

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 KuCoin live order book, 4 min ago	3.38 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	0.50 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit

PONS on 29 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	0.6015	−0.260%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.008%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6029	−0.022%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	+0.293%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6068	+0.630%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6026	−0.078%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6024	−0.101%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6019	−0.187%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6039	+0.141%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6009	−0.353%	$1.6M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6022	−0.139%	$423K	$2.5M	3x	as long as short
Lighter PONS	+0.0152%	1h	0.6024	−0.104%	$1.7M	$871K	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.6019	−0.179%	$375	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0270%	4h	0.6002	−0.469%	$13.8M	$54.1M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0320%	4h	0.6030	long leg	$1.7M	$3.6M	20x
Bitget PONSUSDTshort	+0.0372%	4h	0.6022	−0.143%	$4.7M	$11.2M	20x
Aster PONSUSDT	+0.0429%	4h	0.6023	−0.125%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0438%	4h	0.6025	−0.088%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0454%	4h	0.6024	−0.104%	$7.7M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0455%	4h	0.6015	−0.259%	$39.3M	$93.6M	20x	as long as short
Extended PONS-USD	+0.0456%	1h	0.6020	−0.178%	$249K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0459%	4h	0.6058	+0.452%	$21K	$293K	10x	as long as short
Bybit PONSUSDT	+0.0533%	4h	0.6004	−0.436%	$17.9M	$30.3M	20x	as long as short
Nado PONS-PERP	+0.0541%	1h	0.6029	−0.022%	$71K	$131K	5x	as long as short
Polymarket Perps PONS-USD	+0.0593%	1h	0.6027	−0.063%	$48K	$1.5M	3x	as long as short
Hyperliquid PONS	+0.0596%	1h	0.6023	−0.116%	$61.4M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.6032	+0.034%	$48K	$72K	3x	as long as short
Gate PONS_USDT	+0.0856%	4h	0.6018	−0.204%	$5.3M	$6.1M	20x	as long as short
Phoenix PONS	+0.1695%	1h	0.6060	+0.501%	$31K	$98K	3x	as long as short