PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.61 per $10,000 · paid last 24h −0.040%

Price spread now: BingX against BloFin+0.130%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.312%−$31 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.130%, 7d avg −0.008%

Together, before fees−0.523%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.138% dearer against BloFin than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of −0.008%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6162	0.0771	pay 0.0386% / 4h	46m 52s	$1.7M	$984K	20x
Short	BingX PONS-USDT	0.6170	0.0650	get 0.0325% / 4h	46m 52s	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$25.48
Price spread: +0.130% → −0.008%: $13.8
Slippage, 4 orders: −$17.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$50.86
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; BingX: 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 BloFin live order book, 1 min ago	0.81 bp	10.3 bp −$10	28.9 bp −$289	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	0.82 bp	10.0 bp −$10	24.4 bp −$244	127.2 bp −$12.7K	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	0.6143	−0.307%	$244K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6156	−0.097%	$22K	$440K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6108	−0.873%	$30K	$304K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6161	−0.008%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6152	−0.167%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6158	−0.073%	$27K	$606K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6157	−0.078%	$66K	$535K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6147	−0.243%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0122%	1h	0.6149	−0.216%	$72K	$130K	5x	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.6161	−0.016%	$384	—	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	+0.0402%	4h	0.6165	+0.049%	$14.0M	$58.6M	20x	as long as short
edgeX PONSUSDC	+0.0496%	4h	0.6098	−1.039%	$21K	$290K	10x	as long as short
Aster PONSUSDT	+0.0497%	4h	0.6161	−0.016%	$1.1M	$2.3M	20x	as long as short
Variational Omni PONS	+0.0505%	4h	0.6099	−1.017%	$1.5M	$4.1M	—	as long as short
MEXC PONS_USDT	+0.0524%	4h	0.6165	+0.049%	$8.1M	$4.6M	20x	as long as short
Extended PONS-USD	+0.0528%	1h	0.6166	+0.070%	$105K	$816K	5x	as long as short
Binance PONSUSDT	+0.0531%	4h	0.6168	+0.094%	$39.9M	$101.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0558%	4h	0.6166	+0.068%	$1.6M	$3.9M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6149	−0.211%	$47K	$68K	3x	as long as short
BingX PONS-USDTshort	+0.0650%	4h	0.6170	+0.130%	—	$3.0M	—
Gate PONS_USDT	+0.0658%	4h	0.6164	+0.032%	$5.4M	$6.3M	20x	as long as short
Bybit PONSUSDT	+0.0658%	4h	0.6164	+0.032%	$18.6M	$31.8M	20x	as long as short
Bitget PONSUSDT	+0.0692%	4h	0.6169	+0.114%	$4.8M	$12.5M	20x	as long as short
BloFin PONS-USDTlong	+0.0771%	4h	0.6162	long leg	$1.7M	$984K	20x
Lighter RH PONS	+0.0848%	1h	0.6155	−0.107%	$428K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0927%	1h	0.6162	−0.002%	$62.8M	$29.9M	3x	as long as short
Lighter PONS	+0.1024%	1h	0.6160	−0.028%	$1.7M	$836K	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.627%	$610	$10K	5.5x	as long as short
Polymarket Perps PONS-USD	+0.1391%	1h	0.6156	−0.094%	$75K	$2.1M	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6111	−0.833%	$46K	$127K	3x	as long as short