PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.59 per $10,000 · paid last 24h +0.087%

Price spread now: BloFin against Bitget+0.259%95s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as 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−$730.727% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.554%+$55 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.259%, 7d avg 0.000%

Together, before fees+0.514%+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.259% dearer against Bitget than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 95 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	Bitget PONSUSDT	0.6298	0.0680	pay 0.0340% / 4h	49m 43s	$5.0M	$13.1M	20x
Short	BloFin PONS-USDT	0.6314	0.0798	get 0.0399% / 4h	49m 43s	$1.8M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.259%Rate

Funding earned: $24.7
Price spread: +0.259% → 0.000%: $25.92
Slippage, 4 orders: −$48.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$22.07
Costs to cover: 0.727%
Break-even: 13.3 days

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 1 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 Bitget live order book, 2 min ago	3.17 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	2.38 bp	19.4 bp −$19	41.5 bp −$415	120.2 bp −$12.0K	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 +0.0031% / S −0.0029%	1h	0.6303	+0.086%	$248K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.704%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6301	+0.052%	$21K	$396K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6314	+0.262%	$77K	$92K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6338	+0.640%	$32K	$286K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6309	+0.171%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6316	+0.297%	—	$828K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6303	+0.092%	$27K	$595K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6309	+0.171%	$65K	$549K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6292	−0.091%	$1.7M	$3.2M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0216%	1h	0.6307	+0.141%	$393	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0263%	4h	0.6296	−0.027%	$13.9M	$59.1M	20x	as long as short
Hyperliquid PONS	+0.0394%	1h	0.6293	−0.076%	$64.4M	$29.4M	3x	as long as short
Aster PONSUSDT	+0.0412%	4h	0.6293	−0.076%	$1.2M	$2.1M	20x	as long as short
Lighter RH PONS	+0.0464%	1h	0.6294	−0.060%	$458K	$2.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0502%	4h	0.6291	−0.098%	$1.8M	$4.3M	20x	as long as short
Pacifica PONS	+0.0517%	1h	0.6294	−0.059%	$46K	$73K	3x	as long as short
Gate PONS_USDT	+0.0544%	4h	0.6292	−0.091%	$5.4M	$6.5M	20x	as long as short
MEXC PONS_USDT	+0.0550%	4h	0.6293	−0.075%	$7.7M	$4.5M	20x	as long as short
Binance PONSUSDT	+0.0550%	4h	0.6298	−0.003%	$40.6M	$98.2M	20x	as long as short
Extended PONS-USD	+0.0552%	1h	0.6296	−0.030%	$181K	$849K	5x	as long as short
Variational Omni PONS	+0.0573%	4h	0.6319	+0.335%	$1.5M	$3.8M	—	as long as short
Polymarket Perps PONS-USD	+0.0582%	1h	0.6315	+0.283%	$88K	$2.0M	3x	as long as short
edgeX PONSUSDC	+0.0585%	4h	0.6327	+0.473%	$18K	$294K	10x	as long as short
Bitget PONSUSDTlong	+0.0680%	4h	0.6298	long leg	$5.0M	$13.1M	20x
BingX PONS-USDT	+0.0712%	4h	0.6290	−0.122%	—	$3.1M	—	as long as short
Lighter PONS	+0.0728%	1h	0.6294	−0.060%	$1.7M	$848K	3x	as long as short
Bybit PONSUSDT	+0.0740%	4h	0.6293	−0.075%	$18.9M	$31.4M	20x	as long as short
BloFin PONS-USDTshort	+0.0798%	4h	0.6314	+0.259%	$1.8M	$1.1M	20x
Phoenix PONS	+0.1439%	1h	0.6328	+0.475%	$48K	$153K	3x	as long as short