Funding you earn now, next payment 12:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.57 per $10,000 · paid last 24h +0.058%
Price spread now: BloFin against BingX−0.112%7-day average +0.008% · 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−$56as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 7 days+0.317%+$32 on $10k
+Price spread, last 4 days (all we have)+0.399%+$40 · spread now −0.112%, 7d avg +0.008%
=Funding pays, the price is against you. BloFin is 0.120% cheaper against BingX than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of +0.008%). If the spread goes back, that is −$12 on $10k: about 3.5 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6274 | 0.0722 | pay 0.0361% / 4h | 1h 08m | — | $3.1M | — |
| Short | BloFin PONS-USDT | 0.6267 | 0.0835 | get 0.0418% / 4h | 1h 08m | $1.8M | $1.1M | 20x |
BingX PONS-USDT
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $23.79
- Price spread: −0.112% → +0.008%
- −$11.96
- Slippage, 4 orders
- −$22.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$32.26
- Costs to cover
- 0.441%
- Break-even
- 16.5 days
Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago | 2.40 bp | 12.3 bp −$12 | 26.5 bp −$265 | 426.6 bp −$42.7K | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.80 bp | 13.0 bp −$13 | 41.9 bp −$419 | 128.6 bp −$12.9K | doesn't fit |
PONS on 30 exchanges
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 −0.0029% | 1h | 0.6266 | −0.134% | $246K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | −5.347% | $610 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6278 | +0.064% | $21K | $395K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6277 | +0.054% | $76K | $92K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.6271 | −0.048% | $5.3M | $6.5M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6253 | −0.338% | $31K | $285K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6281 | +0.116% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6276 | +0.037% | — | $847K | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6270 | −0.072% | $27K | $596K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6265 | −0.147% | $64K | $548K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6271 | −0.048% | $1.7M | $3.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0225% | 1h | 0.6277 | +0.048% | $64.3M | $29.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6272 | −0.024% | $391 | — | 3x | as long as short |
| Lighter PONS | +0.0264% | 1h | 0.6280 | +0.099% | $1.7M | $858K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0280% | 4h | 0.6273 | −0.016% | $13.9M | $58.8M | 20x | as long as short |
| Lighter RH PONS | +0.0304% | 1h | 0.6278 | +0.065% | $458K | $2.7M | 3x | as long as short |
| Aster PONSUSDT | +0.0450% | 4h | 0.6276 | +0.032% | $1.2M | $2.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0464% | 1h | 0.6276 | +0.029% | $90K | $2.0M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0486% | 4h | 0.6281 | +0.118% | $1.8M | $4.3M | 20x | as long as short |
| Variational Omni PONS | +0.0580% | 4h | 0.6259 | −0.241% | $1.5M | $3.9M | — | as long as short |
| Extended PONS-USD | +0.0592% | 1h | 0.6278 | +0.058% | $180K | $854K | 5x | as long as short |
| MEXC PONS_USDT | +0.0594% | 4h | 0.6281 | +0.112% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0594% | 4h | 0.6278 | +0.064% | $40.5M | $98.3M | 20x | as long as short |
| Pacifica PONS | +0.0616% | 1h | 0.6280 | +0.091% | $46K | $73K | 3x | as long as short |
| edgeX PONSUSDC | +0.0617% | 4h | 0.6251 | −0.370% | $18K | $294K | 10x | as long as short |
| Bitget PONSUSDT | +0.0716% | 4h | 0.6284 | +0.156% | $5.0M | $13.1M | 20x | as long as short |
| BingX PONS-USDTlong | +0.0722% | 4h | 0.6274 | long leg | — | $3.1M | — | |
| Bybit PONSUSDT | +0.0761% | 4h | 0.6276 | +0.032% | $18.8M | $31.6M | 20x | as long as short |
| BloFin PONS-USDTshort | +0.0835% | 4h | 0.6267 | −0.112% | $1.8M | $1.1M | 20x | |
| Phoenix PONS | +0.1637% | 1h | 0.6260 | −0.220% | $48K | $162K | 3x | as long as short |
Phemex PONSUSDT
Hyperliquid PONS
Aevo PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
Lighter RH PONS
Aster PONSUSDT
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
Variational Omni PONS
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
Pacifica PONS
edgeX PONSUSDC
Bitget PONSUSDT
Bybit PONSUSDT
Phoenix PONS