PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0537%/8h= +58.8% APRnext payment +$2.68 per $10,000 · paid last 24h −0.085%

Price spread now: Gate against BloFin+0.079%63s7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as 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−$820.824% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$33 on $10k

Price spread, last 4 days (all we have)−0.670%−$67 · spread now +0.079%, 7d avg −0.087%

Together, before fees−0.995%−$100 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.166% dearer against BloFin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.087%. Mind the row above: over the last 7 days funding on this pair cost −0.325%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.325% in total (about -17.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.68 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6364	0.0947	pay 0.0474% / 4h	2h 18m	$1.9M	$1.1M	20x
Short	Gate PONS_USDT	0.6369	0.1484	get 0.0742% / 4h	2h 18m	$5.5M	$6.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.079%Rate

Funding earned: $112.74
Price spread: +0.079% → −0.087%: $16.56
Slippage, 4 orders: −$55.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $46.94
Costs to cover: 0.824%
Break-even: 4.1 days

Slippage from BloFin: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago	1.57 bp	14.8 bp −$15	41.7 bp −$417	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.14 bp	26.1 bp −$26	79.5 bp −$795	doesn't fit	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 −0.0030%	1h	0.6357	−0.114%	$250K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.686%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6381	+0.267%	$24K	$407K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6376	+0.189%	$74K	$127K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6368	+0.069%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6380	+0.245%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6375	+0.181%	—	$943K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6378	+0.212%	$27K	$634K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6374	+0.160%	$67K	$533K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6376	+0.189%	$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	+0.0264%	1h	0.6378	+0.217%	$397	—	3x	as long as short
Hyperliquid PONS	+0.0332%	1h	0.6377	+0.201%	$65.5M	$31.1M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0434%	4h	0.6368	+0.063%	$14.5M	$60.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0476%	4h	0.6379	+0.237%	$1.8M	$4.2M	20x	as long as short
Lighter RH PONS	+0.0504%	1h	0.6377	+0.200%	$470K	$2.7M	3x	as long as short
Aster PONSUSDT	+0.0527%	4h	0.6374	+0.162%	$1.2M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0546%	1h	0.6379	+0.237%	$74K	$2.2M	3x	as long as short
Variational Omni PONS	+0.0661%	4h	0.6362	−0.028%	$1.6M	$4.3M	—	as long as short
Lighter PONS	+0.0672%	1h	0.6379	+0.236%	$1.8M	$874K	3x	as long as short
Extended PONS-USD	+0.0704%	1h	0.6378	+0.221%	$180K	$882K	5x	as long as short
MEXC PONS_USDT	+0.0706%	4h	0.6379	+0.236%	$8.1M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0707%	4h	0.6374	+0.157%	$42.0M	$101.8M	20x	as long as short
edgeX PONSUSDC	+0.0731%	4h	0.6366	+0.031%	$19K	$294K	10x	as long as short
Bitget PONSUSDT	+0.0760%	4h	0.6383	+0.292%	$5.2M	$13.6M	20x	as long as short
BingX PONS-USDT	+0.0808%	4h	0.6369	+0.079%	—	$3.1M	—	as long as short
Pacifica PONS	+0.0810%	1h	0.6374	+0.161%	$47K	$77K	3x	as long as short
Bybit PONSUSDT	+0.0827%	4h	0.6370	+0.094%	$19.4M	$32.9M	20x	as long as short
BloFin PONS-USDTlong	+0.0947%	4h	0.6364	long leg	$1.9M	$1.1M	20x
Gate PONS_USDTshort	+0.1484%	4h	0.6369	+0.079%	$5.5M	$6.6M	20x
Phoenix PONS	+0.1668%	1h	0.6360	−0.069%	$48K	$162K	3x	as long as short