Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.040%
Price spread now: BingX against BloFin+0.118%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days−0.312%−$31 on $10k
+Price spread, last 4 days (all we have)−0.307%−$31 · spread now +0.118%, 7d avg −0.008%
=The price spread pays, funding is against you. BingX is 0.126% dearer against BloFin than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.008%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 7 days (−0.312% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PONS-USDT | 0.5913 | 0.0850 | pay 0.0425% / 4h | 2h 27m | $1.7M | $943K | 20x |
| Short | BingX PONS-USDT | 0.5920 | 0.0834 | get 0.0417% / 4h | 2h 27m | — | $3.0M | — |
BloFin PONS-USDT
BingX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$3.42
- Price spread: +0.118% → −0.008%
- $12.61
- Slippage, 4 orders
- −$24.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$37.65
- Costs to cover
- 0.468%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; BingX: live order book, 8 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, 6 min ago | 4.25 bp | 13.8 bp −$14 | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 0.85 bp | 11.1 bp −$11 | 32.4 bp −$324 | 125.7 bp −$12.6K | 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 | 0.5905 | −0.137% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.956% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5913 | 0.000% | $413K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5917 | +0.068% | $21K | $418K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5915 | +0.034% | $69K | $130K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5906 | −0.118% | $5.2M | $6.2M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5912 | −0.010% | $29K | $331K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5923 | +0.171% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5913 | +0.003% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5918 | +0.081% | $26K | $546K | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5923 | +0.171% | $64K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5920 | +0.118% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5909 | −0.059% | $368 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0240% | 1h | 0.5915 | +0.025% | $60.3M | $29.3M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0381% | 4h | 0.5857 | −0.947% | $13.4M | $54.2M | 20x | as long as short |
| Aster PONSUSDT | +0.0479% | 4h | 0.5909 | −0.063% | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONS | +0.0544% | 1h | 0.5917 | +0.068% | $1.6M | $887K | 3x | as long as short |
| Bitget PONSUSDT | +0.0576% | 4h | 0.5919 | +0.096% | $4.6M | $11.9M | 20x | as long as short |
| Variational Omni PONS | +0.0594% | 4h | 0.5889 | −0.413% | $1.4M | $4.1M | — | as long as short |
| Extended PONS-USD | +0.0608% | 1h | 0.5914 | +0.023% | $101K | $812K | 5x | as long as short |
| edgeX PONSUSDC | +0.0609% | 4h | 0.5906 | −0.114% | $20K | $294K | 10x | as long as short |
| MEXC PONS_USDT | +0.0610% | 4h | 0.5897 | −0.271% | $7.4M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0610% | 4h | 0.5918 | +0.085% | $38.6M | $94.8M | 20x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5908 | −0.083% | $45K | $69K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0732% | 4h | 0.5915 | +0.027% | $1.6M | $3.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0808% | 1h | 0.5916 | +0.046% | $110K | $1.7M | 3x | as long as short |
| BingX PONS-USDTshort | +0.0834% | 4h | 0.5920 | +0.118% | — | $3.0M | — | |
| BloFin PONS-USDTlong | +0.0850% | 4h | 0.5913 | long leg | $1.7M | $943K | 20x | |
| Bybit PONSUSDT | +0.0911% | 4h | 0.5917 | +0.068% | $17.7M | $31.2M | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5908 | −0.076% | $45K | $121K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Lighter PONS
Bitget PONSUSDT
Variational Omni PONS
Extended PONS-USD
edgeX PONSUSDC
MEXC PONS_USDT
Binance PONSUSDT
Pacifica PONS
KuCoin PONSUSDTM
Polymarket Perps PONS-USD
Bybit PONSUSDT
Phoenix PONS