PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0342%/8h= −37.4% APRnext payment −$1.71 per $10,000 · paid last 24h −0.071%

Price spread now: Bitget against BloFin−0.139%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.561%−$56 on $10k

Price spread, last 4 days (all we have)−0.396%−$40 · spread now −0.139%, 7d avg −0.021%

Together, before fees−0.957%−$96 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.118% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6026	0.0748	pay 0.0374% / 4h	1h 17m	$1.7M	$967K	20x
Short	Bitget PONSUSDT	0.6018	0.0406	get 0.0203% / 4h	1h 17m	$4.7M	$11.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$71.74
Price spread: −0.139% → −0.021%: −$11.83
Slippage, 4 orders: −$32
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$139.56
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Bitget: 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 BloFin live order book, 6 min ago	0.84 bp	9.6 bp −$10	27.8 bp −$278	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.25 bp	18.7 bp −$19	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	0.6004	−0.357%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.938%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6024	−0.033%	$21K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6007	−0.315%	$5.2M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5984	−0.704%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6014	−0.207%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6020	−0.098%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6015	−0.183%	$26K	$527K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6045	+0.320%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6014	−0.199%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0189%	4h	0.5977	−0.815%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.6007	−0.310%	$374	—	3x	as long as short
Nado PONS-PERP	+0.0209%	1h	0.6022	−0.066%	$71K	$129K	5x	as long as short
Lighter RH PONS	+0.0216%	1h	0.6018	−0.133%	$415K	$2.5M	3x	as long as short
Lighter PONS	+0.0296%	1h	0.6018	−0.133%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0298%	4h	0.6016	−0.166%	$13.6M	$54.9M	20x	as long as short
Bitget PONSUSDTshort	+0.0406%	4h	0.6018	−0.139%	$4.7M	$11.3M	20x
Aster PONSUSDT	+0.0421%	4h	0.6018	−0.137%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0430%	4h	0.6026	−0.007%	$1.7M	$3.7M	20x	as long as short
BingX PONS-USDT	+0.0488%	4h	0.6018	−0.133%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0498%	4h	0.6018	−0.133%	$18.0M	$30.5M	20x	as long as short
Extended PONS-USD	+0.0504%	1h	0.6016	−0.159%	$249K	$671K	5x	as long as short
MEXC PONS_USDT	+0.0506%	4h	0.6021	−0.083%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0508%	4h	0.6017	−0.142%	$39.4M	$94.3M	20x	as long as short
edgeX PONSUSDC	+0.0511%	4h	0.6000	−0.426%	$18K	$293K	10x	as long as short
Hyperliquid PONS	+0.0722%	1h	0.6020	−0.105%	$61.3M	$27.8M	3x	as long as short
BloFin PONS-USDTlong	+0.0748%	4h	0.6026	long leg	$1.7M	$967K	20x
Pacifica PONS	+0.0755%	1h	0.6017	−0.151%	$47K	$70K	3x	as long as short
Polymarket Perps PONS-USD	+0.0833%	1h	0.6018	−0.133%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5961	−1.074%	$31K	$98K	3x	as long as short