PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0363%/8h= +39.8% APRnext payment +$1.82 per $10,000 · paid last 24h +0.112%

Price spread now: BloFin against Aster−0.140%92s7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs+$26as 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−$570.569% of the position

Long on Aster Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.834%+$83 on $10k

Price spread, last 4 days (all we have)+0.552%+$55 · spread now −0.140%, 7d avg +0.087%

Together, before fees+1.386%+ Points / potential airdropAster: Stage 5 · farm board+$139 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.227% cheaper against Aster than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.087%). If the spread goes back, that is −$23 on $10k: about 2.1 days of funding at the current rate (+$11 a day). The two prices were read 92 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	Aster PONSUSDT	0.6054	0.0478	pay 0.0239% / 4h	21m 43s	$1.1M	$2.1M	20x
Short	BloFin PONS-USDT	0.6046	0.0841	get 0.0421% / 4h	21m 43s	$1.7M	$960K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BloFinbpOrdersPrice spread, now −0.140%Rate

Funding earned: $76.26
Price spread: −0.140% → +0.087%: −$22.66
Slippage, 4 orders: −$36.89
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.29
Costs to cover: 0.569%
Break-even: 7.3 days

Slippage from Aster: live order book, 2 min ago; BloFin: live order book, 11 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 Aster live order book, 2 min ago	3.48 bp	10.7 bp −$11	30.7 bp −$307	doesn't fit	doesn't fit
Sell BloFin live order book, 11 min ago	9.18 bp	15.2 bp −$15	32.7 bp −$327	doesn't fit	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	0.6037	−0.280%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.403%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6048	−0.107%	$20K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	−0.448%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6051	−0.062%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6052	−0.039%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6049	−0.082%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6065	+0.173%	$66K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6035	−0.321%	$1.7M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0122%	4h	0.6047	−0.123%	$5.3M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6045	−0.156%	$377	—	3x	as long as short
Variational Omni PONS	+0.0242%	4h	0.6026	−0.464%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0279%	1h	0.6047	−0.130%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0319%	4h	0.6048	−0.107%	$13.8M	$55.6M	20x	as long as short
Lighter PONS	+0.0344%	1h	0.6053	−0.024%	$1.7M	$884K	3x	as long as short
Bybit PONSUSDT	+0.0459%	4h	0.6050	−0.074%	$18.0M	$30.8M	20x	as long as short
Bitget PONSUSDT	+0.0474%	4h	0.6055	+0.012%	$4.6M	$11.5M	20x	as long as short
Aster PONSUSDTlong	+0.0478%	4h	0.6054	long leg	$1.1M	$2.1M	20x
Lighter RH PONS	+0.0504%	1h	0.6054	−0.009%	$410K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0570%	4h	0.6057	+0.042%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0579%	4h	0.6042	−0.209%	$18K	$292K	10x	as long as short
MEXC PONS_USDT	+0.0598%	4h	0.6053	−0.024%	$7.7M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6055	+0.001%	$108K	$812K	5x	as long as short
Binance PONSUSDT	+0.0601%	4h	0.6053	−0.024%	$39.6M	$95.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0666%	4h	0.6055	+0.004%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0788%	1h	0.6056	+0.030%	$61.9M	$28.2M	3x	as long as short
BloFin PONS-USDTshort	+0.0841%	4h	0.6046	−0.140%	$1.7M	$960K	20x
Pacifica PONS	+0.0859%	1h	0.6055	+0.010%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0900%	1h	0.6048	−0.115%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6020	−0.572%	$31K	$104K	3x	as long as short