PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0230%/8h= −25.1% APRnext payment −$1.15 per $10,000 · paid last 24h −0.067%

Price spread now: edgeX against BloFin−0.101%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.478%−$48 on $10k

Price spread, last 3 days (all we have)−0.248%−$25 · spread now −0.101%, 7d avg −0.057%

Together, before fees−0.725%+ Points / potential airdropedgeX: Active · farm board−$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.044% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.5905	0.0416	pay 0.0208% / 4h	2h 31m	$1.7M	$969K	20x
Short	edgeX PONSUSDC	0.5899	0.0186	get 0.0093% / 4h	2h 31m	$21K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$48.22
Price spread: −0.101% → −0.057%: −$4.35
Slippage, 4 orders: −$48.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$122.26
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; edgeX: live order book, 57 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, 2 min ago	6.78 bp	15.4 bp −$15	30.7 bp −$307	doesn't fit	doesn't fit
Sell edgeX live order book, 57 min ago	11.84 bp	20.7 bp −$21	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 +0.0032% / S −0.0034%	1h	0.5900	−0.080%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.247%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5904	−0.017%	$21K	$447K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5901	−0.068%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5903	−0.034%	$13.4M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5903	−0.032%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5907	+0.030%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5865	−0.672%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5896	−0.147%	$34K	$332K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5914	+0.157%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5907	+0.032%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5907	+0.039%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5914	+0.146%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5898	−0.119%	$1.7M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0126%	1h	0.5906	+0.017%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5906	+0.024%	$368	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5906	+0.022%	$105K	$533K	5x	as long as short
Binance PONSUSDT	+0.0176%	4h	0.5907	+0.034%	$38.4M	$98.4M	20x	as long as short
MEXC PONS_USDT	+0.0178%	4h	0.5906	+0.017%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5906	+0.017%	—	$3.1M	—	as long as short
edgeX PONSUSDCshort	+0.0186%	4h	0.5899	−0.101%	$21K	$294K	10x
Aster PONSUSDT	+0.0213%	4h	0.5904	−0.012%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0331%	1h	0.5907	+0.039%	$38K	$1.8M	3x	as long as short
Gate PONS_USDT	+0.0342%	4h	0.5903	−0.034%	$5.2M	$6.8M	20x	as long as short
BloFin PONS-USDTlong	+0.0416%	4h	0.5905	long leg	$1.7M	$969K	20x
Pacifica PONS	+0.0474%	1h	0.5904	−0.011%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0537%	1h	0.5906	+0.024%	$59.0M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0608%	1h	0.5910	+0.088%	$395K	$2.6M	3x	as long as short
Lighter PONS	+0.1136%	1h	0.5912	+0.119%	$1.7M	$882K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5899	−0.102%	$27K	$86K	3x	as long as short