Funding you earn now, next payment 08:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.089%
Price spread now: BloFin against Bitget−0.042%85s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as 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−$560.559% of the position
Funding, last 7 days+0.564%+$56 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.042%, 7d avg +0.003%
=Funding pays, the price is against you. BloFin is 0.045% cheaper against Bitget than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.003%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$9 a day). The two prices were read 85 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 | Bitget PONSUSDT | 0.5921 | 0.0556 | pay 0.0278% / 4h | 2h 41m | $4.7M | $11.8M | 20x |
| Short | BloFin PONS-USDT | 0.5919 | 0.0856 | get 0.0428% / 4h | 2h 41m | $1.7M | $943K | 20x |
Bitget PONSUSDT
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $62.9
- Price spread: −0.042% → +0.003%
- −$4.54
- Slippage, 4 orders
- −$31.95
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $2.41
- Costs to cover
- 0.559%
- Break-even
- 6.7 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 1 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 Bitget live order book, 2 min ago | 3.38 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 2.53 bp | 11.9 bp −$12 | 27.4 bp −$274 | 114.6 bp −$11.5K | 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 | 0.5910 | −0.192% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.811% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5918 | −0.062% | $417K | $2.5M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5919 | −0.042% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5916 | −0.094% | $69K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5925 | +0.059% | $34K | $335K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5927 | +0.086% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5919 | −0.046% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5920 | −0.024% | $26K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5936 | +0.236% | $64K | $513K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5922 | +0.008% | $1.6M | $3.2M | 20x | as long as short |
| Gate PONS_USDT | +0.0146% | 4h | 0.5911 | −0.177% | $5.2M | $6.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5922 | +0.004% | $369 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0259% | 1h | 0.5917 | −0.071% | $60.0M | $29.0M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0364% | 4h | 0.5917 | −0.076% | $13.4M | $54.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0487% | 4h | 0.5918 | −0.062% | $1.1M | $2.2M | 20x | as long as short |
| Variational Omni PONS | +0.0538% | 4h | 0.5931 | +0.168% | $1.4M | $4.1M | — | as long as short |
| Bitget PONSUSDTlong | +0.0556% | 4h | 0.5921 | long leg | $4.7M | $11.8M | 20x | |
| Extended PONS-USD | +0.0608% | 1h | 0.5917 | −0.068% | $106K | $807K | 5x | as long as short |
| Binance PONSUSDT | +0.0608% | 4h | 0.5918 | −0.059% | $38.7M | $94.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.0614% | 4h | 0.5919 | −0.042% | $7.5M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0627% | 4h | 0.5939 | +0.289% | $20K | $296K | 10x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5922 | +0.005% | $46K | $68K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0732% | 4h | 0.5915 | −0.106% | $1.6M | $3.8M | 20x | as long as short |
| Lighter PONS | +0.0760% | 1h | 0.5921 | −0.010% | $1.6M | $886K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0789% | 1h | 0.5916 | −0.096% | $87K | $1.7M | 3x | as long as short |
| BingX PONS-USDT | +0.0808% | 4h | 0.5916 | −0.093% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0825% | 4h | 0.5915 | −0.110% | $17.7M | $31.0M | 20x | as long as short |
| BloFin PONS-USDTshort | +0.0856% | 4h | 0.5919 | −0.042% | $1.7M | $943K | 20x | |
| Phoenix PONS | +0.1719% | 1h | 0.5937 | +0.267% | $45K | $121K | 3x | as long as short |
Phemex PONSUSDT
Gate PONS_USDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Variational Omni PONS
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Pacifica PONS
KuCoin PONSUSDTM
Lighter PONS
Polymarket Perps PONS-USD
BingX PONS-USDT
Bybit PONSUSDT
Phoenix PONS