PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0324%/8h= −35.5% APRnext payment −$1.62 per $10,000 · paid last 24h −0.115%

Price spread now: OKX against BloFin−0.102%93s7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as 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−$560.557% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.681%−$68 on $10k

Price spread, last 3 days (all we have)−0.358%−$36 · spread now −0.102%, 7d avg −0.080%

Together, before fees−1.039%−$104 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 OKX is 0.021% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.080%). Swap the legs. The two prices were read 93 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	0.5909	0.0424	pay 0.0212% / 4h	2h 25m	$1.7M	$967K	20x
Short	OKX PONS-USDT-SWAP	0.5903	0.0100	get 0.0050% / 4h	2h 25m	$13.4M	$56.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$68.11
Price spread: −0.102% → −0.080%: −$2.11
Slippage, 4 orders: −$33.67
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$125.89
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; OKX: live order book, 3 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	1.69 bp	15.6 bp −$16	33.4 bp −$334	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.85 bp	13.7 bp −$14	33.5 bp −$335	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	−0.146%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.179%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5909	0.000%	$21K	$446K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5906	−0.045%	$89K	$103K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5903	−0.102%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0100%	4h	0.5903	−0.102%	$13.4M	$56.1M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5903	−0.098%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5903	−0.100%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5903	−0.098%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5903	−0.105%	$34K	$332K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5916	+0.120%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5908	−0.015%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5907	−0.032%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5913	+0.064%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5899	−0.169%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5908	−0.013%	$368	—	3x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5900	−0.152%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0183%	4h	0.5904	−0.077%	$38.4M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5900	−0.147%	$105K	$533K	5x	as long as short
MEXC PONS_USDT	+0.0184%	4h	0.5900	−0.152%	$7.5M	$5.2M	20x	as long as short
edgeX PONSUSDC	+0.0187%	4h	0.5907	−0.040%	$21K	$294K	10x	as long as short
Aster PONSUSDT	+0.0208%	4h	0.5903	−0.105%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0344%	1h	0.5908	−0.010%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDTlong	+0.0424%	4h	0.5909	long leg	$1.7M	$967K	20x
Pacifica PONS	+0.0474%	1h	0.5908	−0.013%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0503%	1h	0.5906	−0.057%	$59.1M	$30.1M	3x	as long as short
Gate PONS_USDT	+0.0560%	4h	0.5901	−0.135%	$5.2M	$6.8M	20x	as long as short
Lighter RH PONS	+0.0640%	1h	0.5905	−0.066%	$396K	$2.6M	3x	as long as short
Lighter PONS	+0.1080%	1h	0.5909	+0.008%	$1.7M	$882K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5912	+0.046%	$27K	$86K	3x	as long as short