Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.073%
Price spread now: BloFin against Binance−0.048%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$610.612% of the position
Funding, last 7 days+0.504%+$50 on $10k
+Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.048%, 7d avg +0.048%
=Funding pays, the price is against you. BloFin is 0.096% cheaper against Binance than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.048%). If the spread goes back, that is −$10 on $10k: about 32 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PONSUSDT | 0.6117 | 0.0306 | pay 0.0153% / 4h | 25m 11s | $40.1M | $98.6M | 20x |
| Short | BloFin PONS-USDT | 0.6114 | 0.0546 | get 0.0273% / 4h | 25m 11s | $1.8M | $1.0M | 20x |
Binance PONSUSDT
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $50.4
- Price spread: −0.048% → +0.048%
- −$9.61
- Slippage, 4 orders
- −$39.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$20.38
- Costs to cover
- 0.612%
- Break-even
- 9.8 days
Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 3 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 Binance live order book, 3 min ago | 0.82 bp | 14.7 bp −$15 | 50.3 bp −$503 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.81 bp | 21.4 bp −$21 | 50.1 bp −$501 | 140.3 bp −$14.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −2.411% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6109 | −0.131% | $242K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6115 | −0.032% | $429K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6117 | +0.001% | $20K | $435K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6114 | −0.045% | $88K | $107K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6119 | +0.033% | $18.4M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6119 | +0.033% | $13.9M | $58.1M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6129 | +0.202% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6144 | +0.440% | $34K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6120 | +0.050% | $2K | $3K | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.6119 | +0.038% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6118 | +0.009% | $28K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6129 | +0.195% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6116 | −0.016% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0122% | 4h | 0.6114 | −0.042% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0146% | 4h | 0.6122 | +0.079% | $4.8M | $11.7M | 20x | as long as short |
| Aevo PONS-PERP | +0.0160% | 1h | 0.6116 | −0.018% | $381 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0162% | 4h | 0.6113 | −0.070% | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONS | +0.0288% | 1h | 0.6118 | +0.014% | $1.7M | $923K | 3x | as long as short |
| MEXC PONS_USDT | +0.0300% | 4h | 0.6117 | +0.001% | $8.1M | $4.9M | 20x | as long as short |
| Extended PONS-USD | +0.0304% | 1h | 0.6115 | −0.038% | $253K | $682K | 5x | as long as short |
| Binance PONSUSDTlong | +0.0306% | 4h | 0.6117 | long leg | $40.1M | $98.6M | 20x | |
| BingX PONS-USDT | +0.0306% | 4h | 0.6118 | +0.017% | — | $3.0M | — | as long as short |
| edgeX PONSUSDC | +0.0308% | 4h | 0.6133 | +0.260% | $21K | $292K | 10x | as long as short |
| BloFin PONS-USDTshort | +0.0546% | 4h | 0.6114 | −0.048% | $1.8M | $1.0M | 20x | |
| Polymarket Perps PONS-USD | +0.0658% | 1h | 0.6118 | +0.010% | $42K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0872% | 1h | 0.6118 | +0.019% | $62.2M | $30.5M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6114 | −0.042% | $48K | $96K | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6121 | +0.059% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2386% | 4h | 0.6111 | −0.098% | $5.4M | $6.3M | 20x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Bitget PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
Lighter PONS
MEXC PONS_USDT
Extended PONS-USD
BingX PONS-USDT
edgeX PONSUSDC
Polymarket Perps PONS-USD
Hyperliquid PONS
Pacifica PONS
Phoenix PONS
Gate PONS_USDT