PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.064%

Price spread now: KuCoin against SunX−0.176%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$294as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3193.191% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.176%, 7d avg −0.064%

Together, before fees+0.389%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.112% cheaper against SunX than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of −0.064%). If the spread goes back, that is −$11 on $10k: about 4.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6120	0.0100	pay 0.0050% / 4h	3h 26m	—	$1.3M	10x
Short	KuCoin PONSUSDTM	0.6109	0.0186	get 0.0093% / 4h	3h 26m	$1.8M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now −0.176%Rate

Funding earned: $18.06
Price spread: −0.176% → −0.064%: −$11.2
Slippage, 4 orders: −$299.07
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$312.21
Costs to cover: 3.191%
Break-even: 128.0 days

Slippage from SunX: live order book, 8 min ago; KuCoin: live order book, 6 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 SunX live order book, 8 min ago	105.53 bp	124.9 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.05 bp	30.9 bp −$31	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 −0.0033%	1h	0.6110	−0.161%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.454%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6110	−0.160%	$432K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6113	−0.109%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	−0.247%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6116	−0.065%	$34K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6126	+0.095%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6120	long leg	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6120	−0.002%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6130	+0.165%	$65K	$510K	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	0.6113	−0.109%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6121	+0.021%	$381	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0179%	4h	0.6105	−0.240%	$13.9M	$57.1M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0186%	4h	0.6109	−0.176%	$1.8M	$3.7M	20x
Bitget PONSUSDT	+0.0248%	4h	0.6107	−0.211%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0280%	4h	0.6115	−0.079%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0366%	4h	0.6111	−0.142%	$8.0M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0368%	4h	0.6112	−0.127%	$40.1M	$96.7M	20x	as long as short
edgeX PONSUSDC	+0.0368%	4h	0.6115	−0.073%	$21K	$292K	10x	as long as short
Extended PONS-USD	+0.0368%	1h	0.6112	−0.131%	$253K	$679K	5x	as long as short
Lighter PONS	+0.0504%	1h	0.6111	−0.144%	$1.7M	$931K	3x	as long as short
BloFin PONS-USDT	+0.0608%	4h	0.6117	−0.044%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0608%	1h	0.6112	−0.127%	$106K	$115K	5x	as long as short
BingX PONS-USDT	+0.0648%	4h	0.6112	−0.126%	—	$3.1M	—	as long as short
Pacifica PONS	+0.0665%	1h	0.6111	−0.141%	$48K	$78K	3x	as long as short
Bybit PONSUSDT	+0.0681%	4h	0.6106	−0.224%	$18.4M	$30.9M	20x	as long as short
Polymarket Perps PONS-USD	+0.0778%	1h	0.6120	+0.010%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0894%	1h	0.6111	−0.136%	$62.1M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.1050%	4h	0.6106	−0.224%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6110	−0.162%	$32K	$113K	3x	as long as short