Funding you earn now, next payment 08:00 UTC+0.0246%/8h= +27.0% APRnext payment +$1.23 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against MEXC−0.066%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days+0.504%+$50 on $10k
+Price spread, last 4 days (all we have)+0.294%+$29 · spread now −0.066%, 7d avg +0.034%
=Funding pays, the price is against you. BloFin is 0.100% cheaper against MEXC than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.034%). If the spread goes back, that is −$10 on $10k: about 32 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.6052 | 0.0622 | pay 0.0311% / 4h | 3h 30m | $7.7M | $4.7M | 20x |
| Short | BloFin PONS-USDT | 0.6048 | 0.0868 | get 0.0434% / 4h | 3h 30m | $1.7M | $969K | 20x |
MEXC PONS_USDT
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $51.76
- Price spread: −0.066% → +0.034%
- −$9.97
- Slippage, 4 orders
- −$30.68
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$0.88
- Costs to cover
- 0.427%
- Break-even
- 7.1 days
Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 2 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 MEXC live order book, 2 min ago | 0.83 bp | 4.8 bp −$5 | 14.2 bp −$142 | 366.8 bp −$36.7K | doesn't fit |
| Sell BloFin live order book, 2 min ago | 8.29 bp | 14.5 bp −$14 | 37.1 bp −$371 | 135.5 bp −$13.6K | 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 +0.0033% / S −0.0032% | 1h | 0.6034 | −0.293% | $240K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.363% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6041 | −0.182% | $21K | $416K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6040 | −0.205% | $71K | $129K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6027 | −0.420% | $35K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6045 | −0.124% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6041 | −0.178% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6047 | −0.091% | $26K | $531K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6041 | −0.177% | $65K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6045 | −0.116% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0208% | 1h | 0.6048 | −0.066% | $413K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6038 | −0.233% | $376 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0354% | 4h | 0.6047 | −0.083% | $13.8M | $55.4M | 20x | as long as short |
| Variational Omni PONS | +0.0427% | 4h | 0.6045 | −0.108% | $1.5M | $3.9M | — | as long as short |
| Hyperliquid PONS | +0.0495% | 1h | 0.6050 | −0.033% | $61.9M | $28.0M | 3x | as long as short |
| Lighter PONS | +0.0512% | 1h | 0.6043 | −0.150% | $1.7M | $892K | 3x | as long as short |
| Aster PONSUSDT | +0.0518% | 4h | 0.6044 | −0.138% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0524% | 4h | 0.6052 | +0.008% | $4.6M | $11.5M | 20x | as long as short |
| MEXC PONS_USDTlong | +0.0622% | 4h | 0.6052 | long leg | $7.7M | $4.7M | 20x | |
| edgeX PONSUSDC | +0.0624% | 4h | 0.6038 | −0.232% | $18K | $294K | 10x | as long as short |
| Binance PONSUSDT | +0.0629% | 4h | 0.6052 | +0.002% | $39.6M | $94.3M | 20x | as long as short |
| Extended PONS-USD | +0.0632% | 1h | 0.6049 | −0.049% | $108K | $808K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0690% | 1h | 0.6042 | −0.167% | $72K | $1.6M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0742% | 4h | 0.6047 | −0.088% | $1.6M | $3.8M | 20x | as long as short |
| Gate PONS_USDT | +0.0768% | 4h | 0.6037 | −0.248% | $5.3M | $6.2M | 20x | as long as short |
| BloFin PONS-USDTshort | +0.0868% | 4h | 0.6048 | −0.066% | $1.7M | $969K | 20x | |
| BingX PONS-USDT | +0.0944% | 4h | 0.6055 | +0.050% | — | $2.9M | — | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.6031 | −0.347% | $47K | $67K | 3x | as long as short |
| Bybit PONSUSDT | +0.1133% | 4h | 0.6051 | −0.017% | $18.1M | $30.6M | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.6028 | −0.388% | $46K | $109K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Variational Omni PONS
Hyperliquid PONS
Lighter PONS
Aster PONSUSDT
Bitget PONSUSDT
edgeX PONSUSDC
Binance PONSUSDT
Extended PONS-USD
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
Gate PONS_USDT
BingX PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Phoenix PONS