Funding you earn now, next payment 04:00 UTC+0.0354%/8h= +38.8% APRnext payment +$1.77 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Bitget+0.233%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$640.638% of the position
Funding, last 7 days+0.562%+$56 on $10k
+Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.233%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.215% dearer against Bitget than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.6133 | 0.0280 | pay 0.0140% / 4h | 3h 06m | $4.8M | $11.3M | 20x |
| Short | BloFin PONS-USDT | 0.6147 | 0.0634 | get 0.0317% / 4h | 3h 06m | $1.8M | $999K | 20x |
Bitget PONSUSDT
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $74.44
- Price spread: +0.233% → +0.019%
- $21.46
- Slippage, 4 orders
- −$39.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $32.09
- Costs to cover
- 0.638%
- Break-even
- 4.0 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 6 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 Bitget live order book, 2 min ago | 1.87 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 4.08 bp | 14.4 bp −$14 | 30.0 bp −$300 | 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 −0.0033% | 1h | 0.6129 | −0.066% | $243K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.661% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6140 | +0.119% | $21K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6118 | −0.240% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6122 | −0.168% | $34K | $356K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6149 | +0.259% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6132 | −0.003% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6142 | +0.152% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6139 | +0.104% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6138 | +0.086% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0160% | 1h | 0.6141 | +0.132% | $435K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0176% | 1h | 0.6142 | +0.150% | $383 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0219% | 4h | 0.6128 | −0.077% | $14.1M | $56.6M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0228% | 4h | 0.6130 | −0.051% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDTlong | +0.0280% | 4h | 0.6133 | long leg | $4.8M | $11.3M | 20x | |
| Aster PONSUSDT | +0.0335% | 4h | 0.6140 | +0.117% | $1.1M | $2.0M | 20x | as long as short |
| Extended PONS-USD | +0.0392% | 1h | 0.6136 | +0.062% | $253K | $677K | 5x | as long as short |
| edgeX PONSUSDC | +0.0393% | 4h | 0.6136 | +0.048% | $21K | $292K | 10x | as long as short |
| Binance PONSUSDT | +0.0394% | 4h | 0.6133 | +0.005% | $40.4M | $96.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.0396% | 4h | 0.6137 | +0.070% | $8.0M | $4.9M | 20x | as long as short |
| Lighter PONS | +0.0496% | 1h | 0.6142 | +0.153% | $1.7M | $945K | 3x | as long as short |
| Nado PONS-PERP | +0.0585% | 1h | 0.6138 | +0.094% | $106K | $115K | 5x | as long as short |
| BingX PONS-USDT | +0.0588% | 4h | 0.6131 | −0.028% | — | $3.1M | — | as long as short |
| BloFin PONS-USDTshort | +0.0634% | 4h | 0.6147 | +0.233% | $1.8M | $999K | 20x | |
| Bybit PONSUSDT | +0.0645% | 4h | 0.6129 | −0.060% | $18.5M | $30.8M | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6133 | +0.012% | $48K | $78K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0803% | 1h | 0.6140 | +0.114% | $45K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0871% | 1h | 0.6141 | +0.143% | $62.5M | $28.9M | 3x | as long as short |
| Gate PONS_USDT | +0.1510% | 4h | 0.6128 | −0.077% | $5.4M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6136 | +0.054% | $32K | $113K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Aster PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Binance PONSUSDT
MEXC PONS_USDT
Lighter PONS
Nado PONS-PERP
BingX PONS-USDT
Bybit PONSUSDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS