PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0222%/8h= −24.3% APRnext payment −$1.11 per $10,000 · paid last 24h −0.068%

Price spread now: edgeX against BloFin+0.219%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$770.774% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.479%−$48 on $10k

Price spread, last 4 days (all we have)−0.709%−$71 · spread now +0.219%, 7d avg −0.035%

Together, before fees−1.188%+ Points / potential airdropedgeX: Active · farm board−$119 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.253% dearer against BloFin than usual: you sell high and buy low (spread +0.219% now, against its 7-day average of −0.035%): +$25 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6199	0.0866	pay 0.0433% / 4h	3h 41m	$1.8M	$1.1M	20x
Short	edgeX PONSUSDC	0.6213	0.0644	get 0.0322% / 4h	3h 41m	$20K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.219%Rate

Funding earned: −$46.65
Price spread: +0.219% → −0.035%: $25.32
Slippage, 4 orders: −$56.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$98.72
Costs to cover: 0.774%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; edgeX: live order book, 56 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, 1 min ago	2.42 bp	14.2 bp −$14	33.3 bp −$333	doesn't fit	doesn't fit
Sell edgeX live order book, 56 min ago	12.06 bp	20.7 bp −$21	doesn't fit	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 +0.0032% / S −0.0030%	1h	0.6190	−0.152%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.202%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6203	+0.065%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6200	+0.016%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6204	+0.082%	$31K	$293K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6191	−0.129%	$72K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6203	+0.066%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6199	+0.003%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6195	−0.068%	$26K	$615K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6203	+0.063%	$66K	$528K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6203	+0.065%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6198	−0.011%	$386	—	3x	as long as short
Hyperliquid PONS	+0.0286%	1h	0.6191	−0.123%	$63.4M	$30.9M	3x	as long as short
Lighter RH PONS	+0.0288%	1h	0.6201	+0.039%	$420K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0395%	4h	0.6189	−0.161%	$14.1M	$60.7M	20x	as long as short
Gate PONS_USDT	+0.0408%	4h	0.6193	−0.097%	$5.4M	$6.3M	20x	as long as short
Aster PONSUSDT	+0.0424%	4h	0.6197	−0.035%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0466%	4h	0.6197	−0.026%	$1.6M	$4.0M	20x	as long as short
Variational Omni PONS	+0.0551%	4h	0.6199	0.000%	$1.5M	$4.4M	—	as long as short
Binance PONSUSDT	+0.0623%	4h	0.6194	−0.081%	$40.5M	$104.2M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.6201	+0.039%	$104K	$828K	5x	as long as short
MEXC PONS_USDT	+0.0626%	4h	0.6201	+0.032%	$7.9M	$4.7M	20x	as long as short
edgeX PONSUSDCshort	+0.0644%	4h	0.6213	+0.219%	$20K	$293K	10x
Bitget PONSUSDT	+0.0698%	4h	0.6195	−0.065%	$4.9M	$13.1M	20x	as long as short
Lighter PONS	+0.0784%	1h	0.6203	+0.068%	$1.7M	$867K	3x	as long as short
Pacifica PONS	+0.0853%	1h	0.6197	−0.029%	$47K	$77K	3x	as long as short
BloFin PONS-USDTlong	+0.0866%	4h	0.6199	long leg	$1.8M	$1.1M	20x
BingX PONS-USDT	+0.1048%	4h	0.6188	−0.177%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.1182%	4h	0.6192	−0.113%	$18.7M	$33.1M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6205	+0.103%	$47K	$159K	3x	as long as short