Funding you earn now, next payment 09:00 UTC+0.0840%/8h= +92.0% APRpaid last 24h +0.190%
Price spread now: BloFin against Injective+4.723%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$25 a day on $10k at the current rate, and BloFin is 4.723% dearer against Injective than usual: you sell high and buy low: +$472 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5938 | 0.0033 | pay 0.0004% / 1h | 39m 00s | $610 | $10K | 5.5x |
| Short | BloFin PONS-USDT | 0.6219 | 0.0873 | get 0.0437% / 4h | 3h 39m | $1.8M | $1.1M | 20x |
Injective PONS/USDC PERP
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $176.41
- Price spread: +4.723% → 0.000%
- $472.34
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $636.73
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 4 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 4 min ago | 2.42 bp | 22.1 bp −$22 | 41.8 bp −$418 | doesn't fit | doesn't fit |
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 +0.0032% / S −0.0030% | 1h | 0.6213 | +4.616% | $243K | — | 150x | as long as short |
| Injective PONS/USDC PERPlong | +0.0033% | 1h | 0.5938 | long leg | $610 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6228 | +4.875% | $23K | $437K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6219 | +4.723% | $73K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6196 | +4.331% | $31K | $293K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0100% | 1h | 0.6221 | +4.757% | $73K | $2.3M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6224 | +4.808% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6218 | +4.707% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6214 | +4.639% | $26K | $618K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6226 | +4.835% | $66K | $527K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Polymarket Perps PONS-USD
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6210 | +4.572% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6216 | +4.669% | $387 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0310% | 1h | 0.6208 | +4.530% | $63.5M | $30.6M | 3x | as long as short |
| Lighter RH PONS | +0.0384% | 1h | 0.6219 | +4.723% | $421K | $2.7M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0387% | 4h | 0.6232 | +4.942% | $14.3M | $61.2M | 20x | as long as short |
| Aster PONSUSDT | +0.0433% | 4h | 0.6221 | +4.764% | $1.1M | $2.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0460% | 4h | 0.6221 | +4.757% | $1.6M | $4.0M | 20x | as long as short |
| Variational Omni PONS | +0.0556% | 4h | 0.6213 | +4.630% | $1.5M | $4.4M | — | as long as short |
| Gate PONS_USDT | +0.0624% | 4h | 0.6205 | +4.488% | $5.4M | $6.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.0624% | 4h | 0.6217 | +4.690% | $7.9M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0632% | 1h | 0.6214 | +4.646% | $104K | $828K | 5x | as long as short |
| Binance PONSUSDT | +0.0633% | 4h | 0.6219 | +4.723% | $40.6M | $104.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.0639% | 4h | 0.6212 | +4.601% | $20K | $291K | 10x | as long as short |
| Bitget PONSUSDT | +0.0706% | 4h | 0.6219 | +4.725% | $4.9M | $13.2M | 20x | as long as short |
| Lighter PONS | +0.0752% | 1h | 0.6219 | +4.723% | $1.7M | $867K | 3x | as long as short |
| Pacifica PONS | +0.0853% | 1h | 0.6231 | +4.926% | $47K | $77K | 3x | as long as short |
| BloFin PONS-USDTshort | +0.0873% | 4h | 0.6219 | +4.723% | $1.8M | $1.1M | 20x | |
| BingX PONS-USDT | +0.1104% | 4h | 0.6226 | +4.841% | — | $3.2M | — | as long as short |
| Bybit PONSUSDT | +0.1120% | 4h | 0.6226 | +4.841% | $18.8M | $33.1M | 20x | as long as short |
| Phoenix PONS | +0.1714% | 1h | 0.6199 | +4.378% | $47K | $159K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
Lighter RH PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
KuCoin PONSUSDTM
Variational Omni PONS
Gate PONS_USDT
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
Bitget PONSUSDT
Lighter PONS
Pacifica PONS
BingX PONS-USDT
Bybit PONSUSDT
Phoenix PONS