Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.077%
Price spread now: BloFin against Gate+0.118%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$780.784% of the position
Funding, last 7 days+0.521%+$52 on $10k
+Price spread, last 3 days (all we have)+0.587%+$59 · spread now +0.118%, 7d avg +0.110%
=The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PONS_USDT | 0.5916 | 0.0378 | pay 0.0189% / 4h | 2h 55m | $5.2M | $6.7M | 20x |
| Short | BloFin PONS-USDT | 0.5923 | 0.0416 | get 0.0208% / 4h | 2h 55m | $1.7M | $984K | 20x |
Gate PONS_USDT
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $7.89
- Price spread: +0.118% → +0.110%
- $0.83
- Slippage, 4 orders
- −$51.4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$69.68
- Costs to cover
- 0.784%
- Break-even
- 68.8 days
Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago | 2.53 bp | 26.5 bp −$26 | 113.1 bp −$1,131 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.84 bp | 15.1 bp −$15 | 28.4 bp −$284 | 106.1 bp −$10.6K | 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 | 0.5915 | −0.024% | $217K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.061% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5934 | +0.304% | $21K | $459K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5913 | −0.051% | $17.9M | $31.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5913 | −0.051% | $13.5M | $56.0M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5913 | −0.054% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5922 | +0.095% | $4.6M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5929 | +0.228% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5922 | +0.105% | $34K | $326K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5924 | +0.127% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5919 | +0.056% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5913 | −0.046% | $27K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5934 | +0.311% | $64K | $503K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5912 | −0.068% | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5919 | +0.052% | $369 | — | 3x | as long as short |
| Lighter RH PONS | +0.0136% | 1h | 0.5920 | +0.071% | $398K | $2.6M | 3x | as long as short |
| Binance PONSUSDT | +0.0176% | 4h | 0.5918 | +0.027% | $38.6M | $98.2M | 20x | as long as short |
| Extended PONS-USD | +0.0176% | 1h | 0.5917 | +0.023% | $106K | $529K | 5x | as long as short |
| MEXC PONS_USDT | +0.0182% | 4h | 0.5917 | +0.017% | $7.8M | $5.1M | 20x | as long as short |
| BingX PONS-USDT | +0.0190% | 4h | 0.5922 | +0.101% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0192% | 4h | 0.5932 | +0.271% | $21K | $292K | 10x | as long as short |
| Aster PONSUSDT | +0.0242% | 4h | 0.5920 | +0.070% | $1.1M | $2.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0374% | 1h | 0.5931 | +0.257% | $38K | $1.8M | 3x | as long as short |
| Gate PONS_USDTlong | +0.0378% | 4h | 0.5916 | long leg | $5.2M | $6.7M | 20x | |
| BloFin PONS-USDTshort | +0.0416% | 4h | 0.5923 | +0.118% | $1.7M | $984K | 20x | |
| Nado PONS-PERP | +0.0471% | 1h | 0.5930 | +0.237% | $90K | $103K | 5x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5925 | +0.152% | $47K | $102K | 3x | as long as short |
| Hyperliquid PONS | +0.0760% | 1h | 0.5924 | +0.139% | $59.3M | $29.7M | 3x | as long as short |
| Lighter PONS | +0.1016% | 1h | 0.5921 | +0.091% | $1.7M | $879K | 3x | as long as short |
| Phoenix PONS | +0.1232% | 1h | 0.5931 | +0.260% | $27K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Lighter RH PONS
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
BingX PONS-USDT
edgeX PONSUSDC
Aster PONSUSDT
Polymarket Perps PONS-USD
Nado PONS-PERP
Pacifica PONS
Hyperliquid PONS
Lighter PONS
Phoenix PONS