PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0432%/8h= +47.3% APRnext payment +$2.16 per $10,000 · paid last 24h +0.021%

Price spread now: BloFin against Bybit+0.016%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.600%+$60 on $10k

Price spread, last 3 days (all we have)+0.172%+$17 · spread now +0.016%, 7d avg +0.077%

Together, before fees+0.772%+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.061% cheaper against Bybit than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.077%). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6090	0.0100	pay 0.0050% / 4h	4m 39s	$18.3M	$31.3M	20x
Short	BloFin PONS-USDT	0.6091	0.0532	get 0.0266% / 4h	4m 39s	$1.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $90.8
Price spread: +0.016% → +0.077%: −$6.06
Slippage, 4 orders: −$35.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $25.93
Costs to cover: 0.588%
Break-even: 5.0 days

Slippage from Bybit: live order book, 4 min ago; BloFin: 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 Bybit live order book, 4 min ago	1.64 bp	14.9 bp −$15	44.8 bp −$448	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	4.11 bp	14.8 bp −$15	30.9 bp −$309	95.7 bp −$9,572	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.979%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6081	−0.148%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6089	−0.011%	$426K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6092	+0.033%	$20K	$421K	20x	as long as short
Bybit PONSUSDTlong	+0.0100%	4h	0.6090	long leg	$18.3M	$31.3M	20x
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6087	−0.049%	$13.9M	$57.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6076	−0.235%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6096	+0.095%	$32K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6090	+0.005%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6092	+0.036%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6091	+0.020%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6089	−0.020%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6095	+0.082%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0126%	4h	0.6086	−0.066%	$1.7M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0151%	4h	0.6089	−0.009%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6088	−0.035%	$379	—	3x	as long as short
Bitget PONSUSDT	+0.0166%	4h	0.6092	+0.036%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0207%	1h	0.6094	+0.069%	$105K	$116K	5x	as long as short
MEXC PONS_USDT	+0.0292%	4h	0.6091	+0.016%	$8.0M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6088	−0.036%	$252K	$682K	5x	as long as short
Binance PONSUSDT	+0.0297%	4h	0.6094	+0.066%	$39.9M	$98.2M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6091	+0.016%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0316%	4h	0.6086	−0.064%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0336%	1h	0.6092	+0.030%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDTshort	+0.0532%	4h	0.6091	+0.016%	$1.8M	$1.0M	20x
Polymarket Perps PONS-USD	+0.0646%	1h	0.6089	−0.020%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0837%	1h	0.6093	+0.053%	$62.0M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6090	−0.002%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	−0.082%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2192%	4h	0.6086	−0.066%	$5.3M	$6.3M	20x	as long as short