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: Aster against BloFin+0.028%7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on BloFin Short on Aster

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)−0.441%−$44 · spread now +0.028%, 7d avg −0.087%

Together, before fees−1.275%+ Points / potential airdropAster: Stage 5 · farm board−$127 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.115% dearer against BloFin than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.087%): +$12 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6060	0.0841	pay 0.0421% / 4h	20m 52s	$1.7M	$961K	20x
Short	Aster PONSUSDT	0.6062	0.0478	get 0.0239% / 4h	20m 52s	$1.1M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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 BloFinbpFee AsterbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$76.26
Price spread: +0.028% → −0.087%: $11.53
Slippage, 4 orders: −$30.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$115.15
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Aster: 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 BloFin live order book, 2 min ago	7.44 bp	13.8 bp −$14	27.0 bp −$270	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.48 bp	11.4 bp −$11	39.0 bp −$390	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	0.6041	−0.307%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.493%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6052	−0.132%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	−0.540%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6060	+0.003%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6055	−0.079%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6057	−0.050%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6057	−0.056%	$66K	$511K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6051	−0.149%	$1.7M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0166%	4h	0.6056	−0.066%	$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	0.6055	−0.084%	$377	—	3x	as long as short
Variational Omni PONS	+0.0241%	4h	0.6050	−0.159%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0285%	1h	0.6050	−0.165%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0326%	4h	0.6062	+0.033%	$13.8M	$55.7M	20x	as long as short
Lighter PONS	+0.0344%	1h	0.6053	−0.117%	$1.7M	$884K	3x	as long as short
Bybit PONSUSDT	+0.0462%	4h	0.6063	+0.050%	$18.1M	$30.8M	20x	as long as short
Aster PONSUSDTshort	+0.0478%	4h	0.6062	+0.028%	$1.1M	$2.1M	20x
Bitget PONSUSDT	+0.0478%	4h	0.6065	+0.076%	$4.6M	$11.5M	20x	as long as short
Lighter RH PONS	+0.0528%	1h	0.6057	−0.050%	$410K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0570%	4h	0.6067	+0.116%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0598%	4h	0.6066	+0.099%	$7.7M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6061	+0.024%	$108K	$813K	5x	as long as short
Binance PONSUSDT	+0.0601%	4h	0.6068	+0.133%	$39.7M	$95.2M	20x	as long as short
edgeX PONSUSDC	+0.0605%	4h	0.6041	−0.319%	$18K	$292K	10x	as long as short
KuCoin PONSUSDTM	+0.0666%	4h	0.6063	+0.051%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0790%	1h	0.6065	+0.083%	$62.0M	$28.2M	3x	as long as short
BloFin PONS-USDTlong	+0.0841%	4h	0.6060	long leg	$1.7M	$961K	20x
Pacifica PONS	+0.0859%	1h	0.6055	−0.082%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0896%	1h	0.6054	−0.094%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6049	−0.188%	$31K	$104K	3x	as long as short