Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.043%
Price spread now: Bybit against KuCoin−0.165%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1041.041% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days+0.238%+$24 · spread now −0.165%, 7d avg −0.004%
=Funding pays, the price is against you. Bybit is 0.161% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.004%). If the spread goes back, that is −$16 on $10k: about 33 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.100% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.5999 | 0.0478 | pay 0.0239% / 4h | 1h 08m | $1.7M | $3.7M | 20x |
| Short | Bybit PONSUSDT | 0.5989 | 0.0494 | get 0.0247% / 4h | 1h 08m | $17.9M | $30.7M | 20x |
KuCoin PONSUSDTM
Bybit PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.45
- Price spread: −0.165% → −0.004%
- −$16.06
- Slippage, 4 orders
- −$81.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$116.67
- Costs to cover
- 1.041%
- Break-even
- 243.6 days
Slippage from KuCoin: live order book, 9 min ago; Bybit: 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, 9 min ago | 4.82 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.83 bp | 19.6 bp −$20 | 39.8 bp −$398 | 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 | 0.5986 | −0.208% | $237K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.490% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5985 | −0.232% | $21K | $435K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6015 | +0.267% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5995 | −0.072% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5997 | −0.025% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5992 | −0.122% | $26K | $527K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5998 | −0.010% | $64K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5989 | −0.165% | $1.6M | $3.2M | 20x | as long as short |
| Variational Omni PONS | +0.0178% | 4h | 0.6018 | +0.324% | $1.4M | $3.9M | — | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Variational Omni PONSShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +0.0216% | 1h | 0.5994 | −0.090% | $373 | — | 3x | as long as short |
| Gate PONS_USDT | +0.0226% | 4h | 0.5990 | −0.148% | $5.2M | $6.3M | 20x | as long as short |
| Nado PONS-PERP | +0.0238% | 1h | 0.5986 | −0.215% | $70K | $129K | 5x | as long as short |
| Lighter RH PONS | +0.0296% | 1h | 0.5991 | −0.137% | $416K | $2.5M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0311% | 4h | 0.5987 | −0.198% | $13.6M | $54.8M | 20x | as long as short |
| Lighter PONS | +0.0352% | 1h | 0.5992 | −0.117% | $1.7M | $877K | 3x | as long as short |
| Bitget PONSUSDT | +0.0420% | 4h | 0.5997 | −0.027% | $4.7M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0439% | 4h | 0.5984 | −0.252% | $1.1M | $2.1M | 20x | as long as short |
| KuCoin PONSUSDTMlong | +0.0478% | 4h | 0.5999 | long leg | $1.7M | $3.7M | 20x | |
| Bybit PONSUSDTshort | +0.0494% | 4h | 0.5989 | −0.165% | $17.9M | $30.7M | 20x | |
| BingX PONS-USDT | +0.0506% | 4h | 0.6001 | +0.035% | — | $3.0M | — | as long as short |
| Extended PONS-USD | +0.0520% | 1h | 0.5990 | −0.145% | $248K | $671K | 5x | as long as short |
| Binance PONSUSDT | +0.0522% | 4h | 0.5992 | −0.115% | $39.5M | $94.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.0530% | 4h | 0.5994 | −0.082% | $7.6M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0536% | 4h | 0.6026 | +0.452% | $18K | $292K | 10x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.5990 | −0.142% | $47K | $69K | 3x | as long as short |
| Hyperliquid PONS | +0.0761% | 1h | 0.5988 | −0.187% | $61.0M | $27.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0772% | 4h | 0.5997 | −0.032% | $1.7M | $963K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0850% | 1h | 0.5988 | −0.187% | $68K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.6017 | +0.308% | $31K | $98K | 3x | as long as short |
Aevo PONS-PERP
Gate PONS_USDT
Nado PONS-PERP
Lighter RH PONS
OKX PONS-USDT-SWAP
Lighter PONS
Bitget PONSUSDT
Aster PONSUSDT
BingX PONS-USDT
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Pacifica PONS
Hyperliquid PONS
BloFin PONS-USDT
Polymarket Perps PONS-USD
Phoenix PONS