PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0238%/8h= −26.1% APRnext payment −$1.19 per $10,000 · paid last 24h −0.068%

Price spread now: edgeX against BloFin−0.230%461s7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as 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−$690.692% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.478%−$48 on $10k

Price spread, last 3 days (all we have)+0.129%+$13 · spread now −0.230%, 7d avg −0.057%

Together, before fees−0.349%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.173% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.057%). Swap the legs. The two prices were read 461 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6065	0.0646	pay 0.0323% / 4h	2h 41m	$1.8M	$984K	20x
Short	edgeX PONSUSDC	0.6051	0.0407	get 0.0204% / 4h	2h 41m	$21K	$291K	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 −0.230%Rate

Funding earned: −$50.07
Price spread: −0.230% → −0.057%: −$17.28
Slippage, 4 orders: −$48.22
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$136.57
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from BloFin: live order book, 11 min ago; edgeX: live order book, 26 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, 11 min ago	4.96 bp	12.2 bp −$12	30.1 bp −$301	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	13.02 bp	21.3 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 +0.0033% / S −0.0033%	1h	0.6035	−0.500%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.575%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6048	−0.280%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6040	−0.411%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6057	−0.130%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6051	−0.232%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6045	−0.328%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6044	−0.340%	$26K	$529K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6049	−0.264%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6039	−0.429%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6046	−0.313%	$377	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0206%	4h	0.6042	−0.379%	$13.9M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0220%	4h	0.6045	−0.328%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0230%	4h	0.6040	−0.412%	$18.2M	$30.8M	20x	as long as short
Lighter RH PONS	+0.0240%	1h	0.6045	−0.326%	$422K	$2.5M	3x	as long as short
Bitget PONSUSDT	+0.0294%	4h	0.6046	−0.322%	$4.7M	$11.4M	20x	as long as short
Nado PONS-PERP	+0.0305%	1h	0.6045	−0.330%	$71K	$132K	5x	as long as short
Aster PONSUSDT	+0.0354%	4h	0.6041	−0.397%	$1.1M	$2.0M	20x	as long as short
Lighter PONS	+0.0368%	1h	0.6046	−0.320%	$1.7M	$883K	3x	as long as short
BingX PONS-USDT	+0.0390%	4h	0.6043	−0.363%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0402%	4h	0.6047	−0.297%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0405%	4h	0.6045	−0.330%	$39.6M	$95.9M	20x	as long as short
edgeX PONSUSDCshort	+0.0407%	4h	0.6051	−0.230%	$21K	$291K	10x
Extended PONS-USD	+0.0408%	1h	0.6045	−0.337%	$250K	$682K	5x	as long as short
BloFin PONS-USDTlong	+0.0646%	4h	0.6065	long leg	$1.8M	$984K	20x
Gate PONS_USDT	+0.0684%	4h	0.6037	−0.462%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0718%	1h	0.6045	−0.325%	$61.5M	$28.8M	3x	as long as short
Polymarket Perps PONS-USD	+0.0769%	1h	0.6047	−0.297%	$46K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6042	−0.378%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6050	−0.252%	$31K	$107K	3x	as long as short