PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.94 per $10,000 · paid last 24h +0.091%

Price spread now: BloFin against KuCoin−0.339%80s7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as 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−$910.907% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.703%+$70 on $10k

Price spread, last 4 days (all we have)+0.696%+$70 · spread now −0.339%, 7d avg +0.055%

Together, before fees+1.399%+$140 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.395% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.339% now, against its 7-day average of +0.055%). If the spread goes back, that is −$39 on $10k: about 7.0 days of funding at the current rate (+$6 a day). The two prices were read 80 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	KuCoin PONSUSDTM	0.5951	0.0594	pay 0.0297% / 4h	37m 51s	$1.6M	$3.7M	20x
Short	BloFin PONS-USDT	0.5931	0.0783	get 0.0391% / 4h	37m 51s	$1.7M	$951K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.339%Rate

Funding earned: $39.61
Price spread: −0.339% → +0.055%: −$39.45
Slippage, 4 orders: −$66.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$90.51
Costs to cover: 0.907%
Break-even: 23.0 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: live order book, 5 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 KuCoin live order book, 5 min ago	2.61 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	5.06 bp	15.9 bp −$16	33.8 bp −$338	128.2 bp −$12.8K	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	0.5942	−0.153%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.308%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5948	−0.054%	$20K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5950	−0.020%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5936	−0.264%	$34K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5953	+0.027%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5955	+0.060%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5948	−0.054%	$26K	$525K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5953	+0.024%	$64K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5950	−0.020%	$1.6M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PONS	+0.0152%	1h	0.5948	−0.055%	$1.6M	$884K	3x	as long as short
Nado PONS-PERP	+0.0180%	1h	0.5940	−0.181%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0192%	1h	0.5948	−0.045%	$397K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5938	−0.215%	$370	—	3x	as long as short
Variational Omni PONS	+0.0219%	4h	0.5935	−0.265%	$1.4M	$3.9M	—	as long as short
OKX PONS-USDT-SWAP	+0.0301%	4h	0.5951	−0.003%	$13.5M	$54.4M	20x	as long as short
Aster PONSUSDT	+0.0391%	4h	0.5944	−0.114%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0446%	4h	0.5954	+0.047%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0455%	4h	0.5950	−0.020%	$17.7M	$30.8M	20x	as long as short
BingX PONS-USDT	+0.0509%	4h	0.5954	+0.047%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0536%	1h	0.5953	+0.022%	$106K	$808K	5x	as long as short
edgeX PONSUSDC	+0.0537%	4h	0.5926	−0.425%	$18K	$291K	10x	as long as short
Binance PONSUSDT	+0.0539%	4h	0.5954	+0.040%	$39.1M	$94.8M	20x	as long as short
MEXC PONS_USDT	+0.0542%	4h	0.5952	+0.013%	$7.5M	$4.7M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0594%	4h	0.5951	long leg	$1.6M	$3.7M	20x
Hyperliquid PONS	+0.0698%	1h	0.5952	+0.020%	$60.6M	$27.8M	3x	as long as short
BloFin PONS-USDTshort	+0.0783%	4h	0.5931	−0.339%	$1.7M	$951K	20x
Pacifica PONS	+0.0859%	1h	0.5930	−0.353%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0916%	1h	0.5943	−0.145%	$65K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5926	−0.420%	$31K	$104K	3x	as long as short