Funding you earn now, next payment 12:00 UTC+0.0777%/8h= +85.0% APRpaid last 24h +0.202%
Price spread now: BloFin against gTrade (Gains Network)+0.368%7-day average +0.195% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$4,604as in the Price arb table
costs, in and out, $10k−$4,62246.217% of the position
Funding, last 2 days (all we have)+0.297%+$30 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.368%, 7d avg +0.195%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and BloFin is 0.173% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.195%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) PONS/USD | 0.6420 | L +0.0031% / S −0.0029% | pay 0.0004% / 1h | 11m 08s | $253K | — | 150x |
| Short | BloFin PONS-USDT | 0.6444 | 0.0808 | get 0.0404% / 4h | 11m 08s | $1.9M | $1.1M | 20x |
gTrade (Gains Network) PONS/USD
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against gTrade (Gains Network). 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
- $163.07
- Price spread: +0.368% → +0.195%
- $17.3
- Slippage, 4 orders
- −$4,597.66
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$4,441.29
- Costs to cover
- 46.217%
- Break-even
- 197.6 days
Slippage from gTrade (Gains Network): virtual book (oracle exchange), 31 min ago; BloFin: live order book, 5 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 gTrade (Gains Network) virtual book (oracle exchange), 31 min ago | 130.00 bp | 2119.9 bp −$2,120 | 16869.5 bp −$168.7K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 4.68 bp | 16.2 bp −$16 | 38.4 bp −$384 | doesn't fit | doesn't fit |
PONS on 30 exchanges
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/USDlong | L +0.0031% / S −0.0029% | 1h | 0.6420 | long leg | $253K | — | 150x | |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | −7.505% | $610 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6431 | +0.165% | $21K | $413K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6431 | +0.165% | $75K | $94K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6412 | −0.126% | $32K | $284K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6438 | +0.273% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6429 | +0.130% | — | $808K | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6438 | +0.278% | $27K | $598K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6433 | +0.195% | $67K | $556K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6437 | +0.259% | $1.7M | $3.2M | 20x | as long as short |
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +0.0224% | 1h | 0.6425 | +0.072% | $400 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0255% | 1h | 0.6435 | +0.226% | $65.6M | $29.6M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0286% | 4h | 0.6437 | +0.259% | $14.2M | $60.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0391% | 4h | 0.6436 | +0.237% | $1.2M | $2.1M | 20x | as long as short |
| Pacifica PONS | +0.0517% | 1h | 0.6429 | +0.141% | $47K | $73K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0548% | 4h | 0.6439 | +0.285% | $1.8M | $4.3M | 20x | as long as short |
| Lighter RH PONS | +0.0560% | 1h | 0.6435 | +0.223% | $448K | $2.6M | 3x | as long as short |
| MEXC PONS_USDT | +0.0566% | 4h | 0.6437 | +0.259% | $7.8M | $4.6M | 20x | as long as short |
| Variational Omni PONS | +0.0567% | 4h | 0.6402 | −0.291% | $1.5M | $3.7M | — | as long as short |
| Binance PONSUSDT | +0.0568% | 4h | 0.6436 | +0.237% | $41.6M | $98.7M | 20x | as long as short |
| Extended PONS-USD | +0.0568% | 1h | 0.6430 | +0.148% | $185K | $821K | 5x | as long as short |
| edgeX PONSUSDC | +0.0568% | 4h | 0.6432 | +0.177% | $18K | $294K | 10x | as long as short |
| Bitget PONSUSDT | +0.0660% | 4h | 0.6440 | +0.304% | $5.1M | $13.1M | 20x | as long as short |
| BingX PONS-USDT | +0.0702% | 4h | 0.6431 | +0.165% | — | $3.1M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0738% | 1h | 0.6430 | +0.150% | $73K | $2.1M | 3x | as long as short |
| Bybit PONSUSDT | +0.0761% | 4h | 0.6433 | +0.197% | $19.4M | $31.5M | 20x | as long as short |
| BloFin PONS-USDTshort | +0.0808% | 4h | 0.6444 | +0.368% | $1.9M | $1.1M | 20x | |
| Lighter PONS | +0.0848% | 1h | 0.6437 | +0.256% | $1.8M | $850K | 3x | as long as short |
| Phoenix PONS | +0.1439% | 1h | 0.6441 | +0.313% | $49K | $153K | 3x | as long as short |
| Gate PONS_USDT | +0.1474% | 4h | 0.6429 | +0.134% | $5.5M | $6.6M | 20x | as long as short |
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Pacifica PONS
KuCoin PONSUSDTM
Lighter RH PONS
MEXC PONS_USDT
Variational Omni PONS
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Bitget PONSUSDT
BingX PONS-USDT
Polymarket Perps PONS-USD
Bybit PONSUSDT
Lighter PONS
Phoenix PONS
Gate PONS_USDT