PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.077%

Price spread now: Gate against BloFin−0.473%63s7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as 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−$780.784% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.521%−$52 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now −0.473%, 7d avg −0.110%

Together, before fees−0.753%−$75 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.363% cheaper against BloFin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.110%). Swap the legs. The two prices were read 63 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	BloFin PONS-USDT	0.5923	0.0416	pay 0.0208% / 4h	2h 54m	$1.7M	$984K	20x
Short	Gate PONS_USDT	0.5895	0.0358	get 0.0179% / 4h	2h 54m	$5.1M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.473%Rate

Funding earned: −$12.09
Price spread: −0.473% → −0.110%: −$36.27
Slippage, 4 orders: −$51.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.76
Costs to cover: 0.784%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	0.84 bp	11.4 bp −$11	45.4 bp −$454	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.53 bp	25.5 bp −$25	61.1 bp −$611	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	0.5892	−0.515%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	−0.057%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5901	−0.371%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5894	−0.490%	$17.8M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5895	−0.473%	$13.5M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5896	−0.464%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5899	−0.405%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.109%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	−0.014%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5901	−0.370%	$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	0.5910	−0.226%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5895	−0.481%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5908	−0.248%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5897	−0.439%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5901	−0.374%	$368	—	3x	as long as short
Lighter RH PONS	+0.0136%	1h	0.5899	−0.405%	$397K	$2.6M	3x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5895	−0.473%	$7.7M	$5.1M	20x	as long as short
Binance PONSUSDT	+0.0176%	4h	0.5898	−0.422%	$38.4M	$98.1M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5896	−0.462%	$105K	$529K	5x	as long as short
BingX PONS-USDT	+0.0190%	4h	0.5903	−0.338%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0192%	4h	0.5932	+0.153%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0239%	4h	0.5902	−0.361%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0313%	1h	0.5899	−0.402%	$38K	$1.8M	3x	as long as short
Gate PONS_USDTshort	+0.0358%	4h	0.5895	−0.473%	$5.1M	$6.7M	20x
Nado PONS-PERP	+0.0408%	1h	0.5903	−0.336%	$89K	$103K	5x	as long as short
BloFin PONS-USDTlong	+0.0416%	4h	0.5923	long leg	$1.7M	$984K	20x
Pacifica PONS	+0.0474%	1h	0.5907	−0.271%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0693%	1h	0.5901	−0.365%	$59.1M	$29.5M	3x	as long as short
Lighter PONS	+0.1088%	1h	0.5900	−0.393%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5931	+0.142%	$27K	$86K	3x	as long as short