PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0498%/8h= −54.5% APRnext payment −$2.49 per $10,000 · paid last 24h −0.064%

Price spread now: HTX against KuCoin+0.013%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$376as in the Funding arb table

Net, price: spread back to 7d avg − costs−$355as in the Price arb table

costs, in and out, $10k−$3503.505% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.253%−$25 on $10k

Price spread, last 4 days (all we have)+0.135%+$14 · spread now +0.013%, 7d avg +0.060%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and HTX is 0.047% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.253% in total (about -13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.49 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	0.5952	0.0598	pay 0.0299% / 4h	37m 38s	$1.6M	$3.7M	20x
Short	HTX PONS-USDT	0.5953	0.0100	get 0.0050% / 4h	37m 38s	$64K	$512K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$104.58
Price spread: +0.013% → +0.060%: −$4.66
Slippage, 4 orders: −$326.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$459.73
Costs to cover: 3.505%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 21 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 HTX live order book, 21 min ago	39.36 bp	180.0 bp −$180	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 +0.0033% / S −0.0032%	1h	0.5942	−0.163%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.297%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5944	−0.131%	$20K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5950	−0.030%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5936	−0.274%	$34K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5953	+0.017%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5955	+0.050%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5948	−0.064%	$26K	$525K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.5953	+0.013%	$64K	$512K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5950	−0.030%	$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	+0.0144%	1h	0.5952	−0.003%	$1.6M	$884K	3x	as long as short
Nado PONS-PERP	+0.0180%	1h	0.5940	−0.191%	$70K	$129K	5x	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5938	−0.225%	$370	—	3x	as long as short
Lighter RH PONS	+0.0216%	1h	0.5951	−0.020%	$397K	$2.5M	3x	as long as short
Variational Omni PONS	+0.0219%	4h	0.5935	−0.276%	$1.4M	$3.9M	—	as long as short
OKX PONS-USDT-SWAP	+0.0301%	4h	0.5946	−0.097%	$13.5M	$54.3M	20x	as long as short
Aster PONSUSDT	+0.0387%	4h	0.5947	−0.079%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0448%	4h	0.5952	−0.003%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0455%	4h	0.5950	−0.030%	$17.7M	$30.8M	20x	as long as short
BingX PONS-USDT	+0.0509%	4h	0.5949	−0.047%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0536%	1h	0.5948	−0.072%	$106K	$808K	5x	as long as short
edgeX PONSUSDC	+0.0537%	4h	0.5926	−0.435%	$18K	$291K	10x	as long as short
MEXC PONS_USDT	+0.0538%	4h	0.5953	+0.020%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0539%	4h	0.5954	+0.037%	$39.1M	$94.7M	20x	as long as short
KuCoin PONSUSDTMlong	+0.0598%	4h	0.5952	long leg	$1.6M	$3.7M	20x
Hyperliquid PONS	+0.0698%	1h	0.5952	+0.010%	$60.6M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0783%	4h	0.5931	−0.349%	$1.7M	$951K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.5952	+0.011%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0916%	1h	0.5943	−0.155%	$65K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5926	−0.430%	$31K	$104K	3x	as long as short