PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0347%/8h= +38.0% APRnext payment +$1.73 per $10,000 · paid last 24h +0.117%

Price spread now: BloFin against Aster−0.364%72s7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs+$27as 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−$570.567% of the position

Long on Aster Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.838%+$84 on $10k

Price spread, last 4 days (all we have)+0.608%+$61 · spread now −0.364%, 7d avg +0.082%

Together, before fees+1.446%+ Points / potential airdropAster: Stage 5 · farm board+$145 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.446% cheaper against Aster than usual: you would sell low and buy high (spread −0.364% now, against its 7-day average of +0.082%). If the spread goes back, that is −$45 on $10k: about 4.3 days of funding at the current rate (+$10 a day). The two prices were read 72 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	Aster PONSUSDT	0.6127	0.0469	pay 0.0234% / 4h	23m 56s	$1.1M	$2.4M	20x
Short	BloFin PONS-USDT	0.6105	0.0816	get 0.0408% / 4h	23m 56s	$1.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aster. 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 AsterbpFee BloFinbpOrdersPrice spread, now −0.364%Rate

Funding earned: $72.83
Price spread: −0.364% → +0.082%: −$44.64
Slippage, 4 orders: −$36.69
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.51
Costs to cover: 0.567%
Break-even: 9.7 days

Slippage from Aster: live order book, 4 min ago; BloFin: live order book, 4 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 Aster live order book, 4 min ago	2.53 bp	12.4 bp −$12	29.8 bp −$298	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	7.34 bp	17.3 bp −$17	37.3 bp −$373	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 −0.0029%	1h	0.6134	+0.106%	$233K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6130	+0.044%	$22K	$455K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6136	+0.142%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6113	−0.239%	$30K	$303K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6142	+0.236%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6116	−0.186%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6144	+0.271%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6118	−0.155%	$66K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6143	+0.256%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.6183	+0.916%	$385	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0417%	4h	0.6119	−0.136%	$13.9M	$60.2M	20x	as long as short
Aster PONSUSDTlong	+0.0469%	4h	0.6127	long leg	$1.1M	$2.4M	20x
Variational Omni PONS	+0.0493%	4h	0.6095	−0.521%	$1.5M	$4.2M	—	as long as short
Lighter PONS	+0.0504%	1h	0.6143	+0.254%	$1.7M	$850K	3x	as long as short
Lighter RH PONS	+0.0504%	1h	0.6143	+0.254%	$414K	$2.7M	3x	as long as short
Gate PONS_USDT	+0.0534%	4h	0.6129	+0.027%	$5.5M	$6.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0550%	4h	0.6117	−0.170%	$1.6M	$4.0M	20x	as long as short
Extended PONS-USD	+0.0568%	1h	0.6121	−0.097%	$103K	$828K	5x	as long as short
Binance PONSUSDT	+0.0568%	4h	0.6121	−0.103%	$39.7M	$104.9M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6114	−0.210%	$46K	$69K	3x	as long as short
MEXC PONS_USDT	+0.0574%	4h	0.6130	+0.044%	$7.7M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0586%	4h	0.6130	+0.041%	$20K	$290K	10x	as long as short
Hyperliquid PONS	+0.0636%	1h	0.6132	+0.083%	$62.3M	$30.3M	3x	as long as short
Bybit PONSUSDT	+0.0657%	4h	0.6119	−0.136%	$18.2M	$32.9M	20x	as long as short
BingX PONS-USDT	+0.0666%	4h	0.6118	−0.152%	—	$3.2M	—	as long as short
Bitget PONSUSDT	+0.0704%	4h	0.6126	−0.023%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDTshort	+0.0816%	4h	0.6105	−0.364%	$1.8M	$1.0M	20x
Polymarket Perps PONS-USD	+0.1066%	1h	0.6135	+0.129%	$75K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.082%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6100	−0.449%	$46K	$127K	3x	as long as short