Funding you earn now, next payment 04:00 UTC+0.0260%/8h= +28.4% APRnext payment +$1.30 per $10,000 · paid last 24h +0.027%
Price spread now: BloFin against BingX−0.331%96s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as 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−$590.593% of the position
Funding, last 7 days+0.307%+$31 on $10k
+Price spread, last 4 days (all we have)+1.021%+$102 · spread now −0.331%, 7d avg +0.025%
=Funding pays, the price is against you. BloFin is 0.356% cheaper against BingX than usual: you would sell low and buy high (spread −0.331% now, against its 7-day average of +0.025%). If the spread goes back, that is −$36 on $10k: about 4.6 days of funding at the current rate (+$8 a day). The two prices were read 96 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 | BingX PONS-USDT | 0.6046 | 0.0488 | pay 0.0244% / 4h | 1h 15m | — | $3.0M | — |
| Short | BloFin PONS-USDT | 0.6026 | 0.0748 | get 0.0374% / 4h | 1h 15m | $1.7M | $967K | 20x |
BingX PONS-USDT
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $54.52
- Price spread: −0.331% → +0.025%
- −$35.57
- Slippage, 4 orders
- −$37.33
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$40.38
- Costs to cover
- 0.593%
- Break-even
- 12.2 days
Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 2 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 BingX live order book, 9 min ago | 2.53 bp | 12.7 bp −$13 | 27.2 bp −$272 | 428.7 bp −$42.9K | doesn't fit |
| Sell BloFin live order book, 2 min ago | 1.66 bp | 18.6 bp −$19 | 44.7 bp −$447 | 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 | 0.6031 | −0.241% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.265% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6048 | +0.033% | $21K | $434K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6020 | −0.430% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6049 | +0.046% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6030 | −0.266% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6046 | −0.008% | $26K | $528K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6049 | +0.046% | $64K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6035 | −0.182% | $1.7M | $3.2M | 20x | as long as short |
| Gate PONS_USDT | +0.0140% | 4h | 0.6040 | −0.099% | $5.3M | $6.3M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Gate PONS_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0178% | 4h | 0.6039 | −0.119% | $1.4M | $3.9M | — | as long as short |
| Nado PONS-PERP | +0.0203% | 1h | 0.6046 | +0.004% | $71K | $129K | 5x | as long as short |
| Aevo PONS-PERP | +0.0208% | 1h | 0.6046 | +0.002% | $377 | — | 3x | as long as short |
| Lighter RH PONS | +0.0296% | 1h | 0.6046 | +0.002% | $418K | $2.5M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0301% | 4h | 0.6047 | +0.017% | $13.7M | $55.3M | 20x | as long as short |
| Lighter PONS | +0.0312% | 1h | 0.6047 | +0.013% | $1.7M | $876K | 3x | as long as short |
| Bitget PONSUSDT | +0.0408% | 4h | 0.6048 | +0.038% | $4.7M | $11.4M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0434% | 4h | 0.6045 | −0.015% | $1.7M | $3.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0436% | 4h | 0.6048 | +0.033% | $1.1M | $2.1M | 20x | as long as short |
| Bybit PONSUSDT | +0.0481% | 4h | 0.6043 | −0.050% | $18.1M | $30.6M | 20x | as long as short |
| BingX PONS-USDTlong | +0.0488% | 4h | 0.6046 | long leg | — | $3.0M | — | |
| Extended PONS-USD | +0.0504% | 1h | 0.6042 | −0.060% | $250K | $673K | 5x | as long as short |
| MEXC PONS_USDT | +0.0506% | 4h | 0.6046 | 0.000% | $7.7M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0512% | 4h | 0.6021 | −0.406% | $18K | $294K | 10x | as long as short |
| Binance PONSUSDT | +0.0522% | 4h | 0.6047 | +0.009% | $39.6M | $94.6M | 20x | as long as short |
| Hyperliquid PONS | +0.0737% | 1h | 0.6049 | +0.054% | $61.6M | $27.8M | 3x | as long as short |
| BloFin PONS-USDTshort | +0.0748% | 4h | 0.6026 | −0.331% | $1.7M | $967K | 20x | |
| Pacifica PONS | +0.0755% | 1h | 0.6043 | −0.054% | $48K | $70K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0842% | 1h | 0.6048 | +0.028% | $69K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.6022 | −0.399% | $31K | $98K | 3x | as long as short |
Variational Omni PONS
Nado PONS-PERP
Aevo PONS-PERP
Lighter RH PONS
OKX PONS-USDT-SWAP
Lighter PONS
Bitget PONSUSDT
KuCoin PONSUSDTM
Aster PONSUSDT
Bybit PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
Binance PONSUSDT
Hyperliquid PONS
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS