Funding you earn now, next payment 00:00 UTC+0.0321%/8h= +35.1% APRnext payment +$1.60 per $10,000 · paid last 24h +0.115%
Price spread now: BloFin against OKX−0.117%73s7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days+0.681%+$68 on $10k
+Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.117%, 7d avg +0.082%
=Funding pays, the price is against you. BloFin is 0.199% cheaper against OKX than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of +0.082%). If the spread goes back, that is −$20 on $10k: about 2.1 days of funding at the current rate (+$10 a day). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PONS-USDT-SWAP | 0.5986 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $13.5M | $56.3M | 20x |
| Short | BloFin PONS-USDT | 0.5979 | 0.0421 | get 0.0210% / 4h | 1h 10m | $1.7M | $978K | 20x |
OKX PONS-USDT-SWAP
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $67.34
- Price spread: −0.117% → +0.082%
- −$19.86
- Slippage, 4 orders
- −$34.42
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$8.94
- Costs to cover
- 0.564%
- Break-even
- 7.9 days
Slippage from OKX: 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 OKX live order book, 4 min ago | 1.67 bp | 13.5 bp −$13 | 33.3 bp −$333 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.67 bp | 10.4 bp −$10 | 30.3 bp −$303 | 109.3 bp −$10.9K | 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 −0.0036% | 1h | 0.5973 | −0.212% | $224K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.276% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5988 | +0.033% | $21K | $439K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5986 | 0.000% | $17.9M | $31.5M | 20x | as long as short |
| OKX PONS-USDT-SWAPlong | +0.0100% | 4h | 0.5986 | long leg | $13.5M | $56.3M | 20x | |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5984 | −0.042% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5986 | −0.005% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5976 | −0.164% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5991 | +0.092% | $35K | $352K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5990 | +0.060% | $3K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
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 | 0.5983 | −0.057% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5982 | −0.058% | $27K | $545K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6002 | +0.272% | $64K | $506K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5979 | −0.117% | $1.7M | $3.3M | 20x | as long as short |
| Aster PONSUSDT | +0.0124% | 4h | 0.5983 | −0.046% | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5983 | −0.043% | $373 | — | 3x | as long as short |
| Extended PONS-USD | +0.0176% | 1h | 0.5984 | −0.037% | $248K | $667K | 5x | as long as short |
| Binance PONSUSDT | +0.0176% | 4h | 0.5987 | +0.012% | $38.9M | $97.8M | 20x | as long as short |
| MEXC PONS_USDT | +0.0180% | 4h | 0.5984 | −0.033% | $7.8M | $4.9M | 20x | as long as short |
| edgeX PONSUSDC | +0.0180% | 4h | 0.5985 | −0.019% | $21K | $292K | 10x | as long as short |
| BingX PONS-USDT | +0.0182% | 4h | 0.5985 | −0.017% | — | $3.1M | — | as long as short |
| Nado PONS-PERP | +0.0209% | 1h | 0.5989 | +0.057% | $91K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0256% | 1h | 0.5983 | −0.048% | $422K | $2.7M | 3x | as long as short |
| BloFin PONS-USDTshort | +0.0421% | 4h | 0.5979 | −0.117% | $1.7M | $978K | 20x | |
| Pacifica PONS | +0.0451% | 1h | 0.5988 | +0.032% | $47K | $96K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0481% | 1h | 0.5986 | 0.000% | $37K | $1.7M | 3x | as long as short |
| Lighter PONS | +0.0608% | 1h | 0.5983 | −0.045% | $1.7M | $1.0M | 3x | as long as short |
| Hyperliquid PONS | +0.0680% | 1h | 0.5989 | +0.048% | $60.6M | $30.2M | 3x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5981 | −0.084% | $30K | $96K | 3x | as long as short |
| Gate PONS_USDT | +0.1496% | 4h | 0.5983 | −0.050% | $5.2M | $6.5M | 20x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aster PONSUSDT
Aevo PONS-PERP
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
BingX PONS-USDT
Nado PONS-PERP
Lighter RH PONS
Pacifica PONS
Polymarket Perps PONS-USD
Lighter PONS
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT