PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0716%/8h= +78.4% APRnext payment +$3.58 per $10,000 · paid last 24h +0.049%

Price spread now: Gate against KuCoin−0.059%7-day average −0.021% · 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−$118as in the Price arb table

costs, in and out, $10k−$1141.144% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.059%, 7d avg −0.021%

Together, before fees+0.321%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.038% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.021%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.278% in total) that is about 23 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.278% in total (about 14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.58 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	KuCoin PONSUSDTM	0.6101	0.0182	pay 0.0091% / 4h	3h 30m	$1.8M	$3.7M	20x
Short	Gate PONS_USDT	0.6097	0.0898	get 0.0449% / 4h	3h 30m	$5.3M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.059%Rate

Funding earned: $150.36
Price spread: −0.059% → −0.021%: −$3.77
Slippage, 4 orders: −$87.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $32.24
Costs to cover: 1.144%
Break-even: 5.5 days

Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 3 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	2.05 bp	37.2 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.82 bp	26.8 bp −$27	80.0 bp −$800	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	0.6093	−0.128%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.149%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6103	+0.038%	$432K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6101	+0.007%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	+0.065%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6102	+0.023%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6109	+0.144%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6102	+0.031%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6101	+0.015%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6120	+0.315%	$65K	$511K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6098	−0.043%	$1.7M	$3.2M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0165%	4h	0.6100	−0.010%	$13.9M	$57.0M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6104	+0.056%	$380	—	3x	as long as short
KuCoin PONSUSDTMlong	+0.0182%	4h	0.6101	long leg	$1.8M	$3.7M	20x
Bitget PONSUSDT	+0.0232%	4h	0.6104	+0.056%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0258%	4h	0.6106	+0.093%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0348%	4h	0.6102	+0.023%	$8.0M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0350%	4h	0.6075	−0.413%	$21K	$294K	10x	as long as short
Binance PONSUSDT	+0.0350%	4h	0.6102	+0.025%	$40.0M	$96.7M	20x	as long as short
Extended PONS-USD	+0.0352%	1h	0.6100	−0.010%	$252K	$679K	5x	as long as short
Lighter PONS	+0.0456%	1h	0.6102	+0.025%	$1.7M	$910K	3x	as long as short
BloFin PONS-USDT	+0.0590%	4h	0.6105	+0.072%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0605%	1h	0.6100	−0.010%	$105K	$115K	5x	as long as short
Bybit PONSUSDT	+0.0660%	4h	0.6099	−0.026%	$18.3M	$30.9M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6101	+0.013%	$48K	$87K	3x	as long as short
BingX PONS-USDT	+0.0682%	4h	0.6102	+0.023%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0757%	1h	0.6101	+0.010%	$44K	$1.6M	3x	as long as short
Gate PONS_USDTshort	+0.0898%	4h	0.6097	−0.059%	$5.3M	$6.2M	20x
Hyperliquid PONS	+0.0898%	1h	0.6101	+0.015%	$62.0M	$29.2M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6077	−0.380%	$31K	$113K	3x	as long as short