Funding you earn now, next payment 04:00 UTC−0.0809%/8h= −88.6% APRpaid last 24h −0.178%
Price spread now: Injective against BloFin−0.674%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Injective is 0.674% cheaper against BloFin than usual: you would sell low and buy high (−$67 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PONS-USDT | 0.6010 | 0.0843 | pay 0.0421% / 4h | 1m 44s | $1.8M | $958K | 20x |
| Short | Injective PONS/USDC PERP | 0.5969 | 0.0033 | get 0.0004% / 1h | 1m 44s | $614 | $10K | 5.5x |
BloFin PONS-USDT
Injective PONS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$169.98
- Price spread: −0.674% → 0.000%
- −$67.39
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$249.39
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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 | 0.83 bp | 11.4 bp −$11 | 32.7 bp −$327 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.5998 | −0.202% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERPshort | +0.0033% | 1h | 0.5969 | −0.674% | $614 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6007 | −0.050% | $21K | $435K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6016 | +0.101% | $35K | $345K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6010 | −0.002% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6003 | −0.116% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6006 | −0.070% | $26K | $538K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6014 | +0.058% | $65K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6015 | +0.083% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6008 | −0.033% | $374 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0283% | 4h | 0.6009 | −0.009% | $1.4M | $3.9M | — | as long as short |
| Nado PONS-PERP | +0.0303% | 1h | 0.6005 | −0.083% | $70K | $129K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.0319% | 4h | 0.6002 | −0.133% | $13.6M | $55.3M | 20x | as long as short |
| Lighter PONS | +0.0368% | 1h | 0.6005 | −0.085% | $1.6M | $897K | 3x | as long as short |
| Lighter RH PONS | +0.0440% | 1h | 0.6005 | −0.083% | $411K | $2.6M | 3x | as long as short |
| Aster PONSUSDT | +0.0452% | 4h | 0.6006 | −0.072% | $1.1M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | +0.0492% | 4h | 0.5994 | −0.266% | $5.2M | $6.4M | 20x | as long as short |
| Bitget PONSUSDT | +0.0492% | 4h | 0.6007 | −0.047% | $4.6M | $11.5M | 20x | as long as short |
| Bybit PONSUSDT | +0.0499% | 4h | 0.6004 | −0.100% | $17.9M | $30.9M | 20x | as long as short |
| BingX PONS-USDT | +0.0572% | 4h | 0.6006 | −0.067% | — | $3.0M | — | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.6002 | −0.128% | $108K | $813K | 5x | as long as short |
| edgeX PONSUSDC | +0.0602% | 4h | 0.6004 | −0.101% | $18K | $293K | 10x | as long as short |
| MEXC PONS_USDT | +0.0602% | 4h | 0.6003 | −0.116% | $7.5M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0603% | 4h | 0.6006 | −0.067% | $39.3M | $95.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0692% | 4h | 0.6001 | −0.150% | $1.6M | $3.8M | 20x | as long as short |
| Hyperliquid PONS | +0.0819% | 1h | 0.6007 | −0.052% | $61.4M | $28.4M | 3x | as long as short |
| BloFin PONS-USDTlong | +0.0843% | 4h | 0.6010 | long leg | $1.8M | $958K | 20x | |
| Pacifica PONS | +0.0859% | 1h | 0.6004 | −0.096% | $47K | $67K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0861% | 1h | 0.6008 | −0.030% | $71K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1736% | 1h | 0.6012 | +0.035% | $34K | $104K | 3x | as long as short |
Variational Omni PONS
Nado PONS-PERP
OKX PONS-USDT-SWAP
Lighter PONS
Lighter RH PONS
Aster PONSUSDT
Gate PONS_USDT
Bitget PONSUSDT
Bybit PONSUSDT
BingX PONS-USDT
Extended PONS-USD
edgeX PONSUSDC
MEXC PONS_USDT
Binance PONSUSDT
KuCoin PONSUSDTM
Hyperliquid PONS
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS