PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.02 per $10,000 · paid last 24h −0.034%

Price spread now: OKX against KuCoin+0.033%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$860.855% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.033%, 7d avg −0.011%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.043% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6066	0.0250	pay 0.0125% / 4h	2h 16m	$1.7M	$3.6M	20x
Short	OKX PONS-USDT-SWAP	0.6068	0.0253	get 0.0127% / 4h	2h 16m	$13.9M	$55.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0.65
Price spread: +0.033% → −0.011%: $4.35
Slippage, 4 orders: −$63.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$80.51
Costs to cover: 0.855%
Break-even: 871.8 days

Slippage from KuCoin: live order book, 6 min ago; OKX: 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, 6 min ago	3.21 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.65 bp	9.9 bp −$10	30.0 bp −$300	doesn't fit	doesn't fit

PONS on 29 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	0.6058	−0.135%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.591%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6067	+0.016%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6066	+0.006%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6062	−0.071%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6067	+0.013%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6062	−0.073%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6069	+0.041%	$26K	$524K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6083	+0.287%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6061	−0.082%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0168%	1h	0.6068	+0.028%	$426K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6071	+0.088%	$378	—	3x	as long as short
Nado PONS-PERP	+0.0215%	1h	0.6062	−0.072%	$71K	$131K	5x	as long as short
Lighter PONS	+0.0224%	1h	0.6067	+0.023%	$1.7M	$885K	3x	as long as short
KuCoin PONSUSDTMlong	+0.0250%	4h	0.6066	long leg	$1.7M	$3.6M	20x
OKX PONS-USDT-SWAPshort	+0.0253%	4h	0.6068	+0.033%	$13.9M	$55.2M	20x
Bitget PONSUSDT	+0.0328%	4h	0.6069	+0.046%	$4.7M	$11.3M	20x	as long as short
Bybit PONSUSDT	+0.0372%	4h	0.6065	−0.016%	$18.2M	$30.5M	20x	as long as short
BingX PONS-USDT	+0.0400%	4h	0.6069	+0.049%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0406%	4h	0.6057	−0.150%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDT	+0.0422%	4h	0.6069	+0.049%	$7.8M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0424%	1h	0.6067	+0.016%	$250K	$672K	5x	as long as short
Binance PONSUSDT	+0.0426%	4h	0.6068	+0.035%	$39.8M	$94.8M	20x	as long as short
edgeX PONSUSDC	+0.0433%	4h	0.6056	−0.157%	$21K	$293K	10x	as long as short
Gate PONS_USDT	+0.0674%	4h	0.6059	−0.115%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0680%	1h	0.6069	+0.053%	$61.8M	$28.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0753%	1h	0.6069	+0.043%	$46K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6060	−0.094%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6070	+0.069%	$31K	$107K	3x	as long as short