PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.010%

Price spread now: edgeX against KuCoin−0.565%113s7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as 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−$1101.095% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$22 on $10k

Price spread, last 3 days (all we have)+0.568%+$57 · spread now −0.565%, 7d avg +0.026%

Together, before fees+0.793%+ Points / potential airdropedgeX: Active · farm board+$79 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.591% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.565% now, against its 7-day average of +0.026%). If the spread goes back, that is −$59 on $10k: about 22 days of funding at the current rate (+$3 a day). The two prices were read 113 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	0.0100	pay 0.0050% / 4h	1h 45m	$1.8M	$3.7M	20x
Short	edgeX PONSUSDC	0.5917	0.0188	get 0.0094% / 4h	1h 45m	$21K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.565%Rate

Funding earned: $18.55
Price spread: −0.565% → +0.026%: −$59.14
Slippage, 4 orders: −$88.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$150.14
Costs to cover: 1.095%
Break-even: 63.7 days

Slippage from KuCoin: live order book, 2 min ago; edgeX: live order book, 37 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, 2 min ago	5.05 bp	30.9 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 37 min ago	11.86 bp	20.3 bp −$20	doesn't fit	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 +0.0032% / S −0.0034%	1h	0.5935	−0.270%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.529%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5942	−0.153%	$21K	$432K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5950	−0.018%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5950	−0.018%	$13.5M	$55.9M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0100%	4h	0.5951	long leg	$1.8M	$3.7M	20x
Bitget PONSUSDT	+0.0100%	4h	0.5954	+0.049%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	−0.775%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5928	−0.390%	$34K	$343K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5949	−0.035%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5944	−0.123%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5945	−0.101%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5951	+0.003%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5939	−0.203%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5944	−0.126%	$370	—	3x	as long as short
Aster PONSUSDT	+0.0143%	4h	0.5948	−0.056%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5946	−0.086%	$106K	$522K	5x	as long as short
MEXC PONS_USDT	+0.0168%	4h	0.5952	+0.015%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0169%	4h	0.5952	+0.010%	$38.7M	$97.7M	20x	as long as short
BingX PONS-USDT	+0.0172%	4h	0.5944	−0.119%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0176%	1h	0.5944	−0.125%	$90K	$103K	5x	as long as short
edgeX PONSUSDCshort	+0.0188%	4h	0.5917	−0.565%	$21K	$293K	10x
Lighter RH PONS	+0.0344%	1h	0.5949	−0.037%	$422K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5934	−0.287%	$1.7M	$975K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5951	0.000%	$47K	$104K	3x	as long as short
Polymarket Perps PONS-USD	+0.0480%	1h	0.5941	−0.161%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0613%	1h	0.5953	+0.025%	$59.9M	$30.0M	3x	as long as short
Lighter PONS	+0.0816%	1h	0.5948	−0.054%	$1.7M	$984K	3x	as long as short
Gate PONS_USDT	+0.1182%	4h	0.5941	−0.170%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5931	−0.331%	$30K	$96K	3x	as long as short