Funding you earn now, next payment 03:00 UTC−0.0734%/8h= −80.3% APRpaid last 24h −0.178%
Price spread now: Injective against BloFin−0.987%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Injective is 0.987% cheaper against BloFin than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PONS-USDT | 0.6029 | 0.0767 | pay 0.0384% / 4h | 1h 09m | $1.7M | $968K | 20x |
| Short | Injective PONS/USDC PERP | 0.5969 | 0.0033 | get 0.0004% / 1h | 9m 54s | $614 | $10K | 5.5x |
BloFin PONS-USDT
Injective PONS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$154.09
- Price spread: −0.987% → 0.000%
- −$98.69
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$264.8
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
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 | 6.64 bp | 17.8 bp −$18 | 40.0 bp −$400 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.6001 | −0.457% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERPshort | +0.0033% | 1h | 0.5969 | −0.987% | $614 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6017 | −0.199% | $21K | $435K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6015 | −0.234% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6022 | −0.116% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6019 | −0.166% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6016 | −0.224% | $26K | $528K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6018 | −0.184% | $64K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6004 | −0.415% | $1.6M | $3.2M | 20x | as long as short |
| Variational Omni PONS | +0.0178% | 4h | 0.6018 | −0.177% | $1.4M | $3.9M | — | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Variational Omni PONSShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +0.0216% | 1h | 0.6018 | −0.180% | $375 | — | 3x | as long as short |
| Nado PONS-PERP | +0.0229% | 1h | 0.6018 | −0.182% | $70K | $129K | 5x | as long as short |
| Gate PONS_USDT | +0.0244% | 4h | 0.6000 | −0.481% | $5.2M | $6.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0316% | 4h | 0.5999 | −0.498% | $13.6M | $54.9M | 20x | as long as short |
| Lighter RH PONS | +0.0336% | 1h | 0.6014 | −0.249% | $418K | $2.5M | 3x | as long as short |
| Lighter PONS | +0.0352% | 1h | 0.6014 | −0.257% | $1.7M | $877K | 3x | as long as short |
| Bitget PONSUSDT | +0.0424% | 4h | 0.5999 | −0.504% | $4.7M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0450% | 4h | 0.6009 | −0.340% | $1.1M | $2.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0468% | 4h | 0.6009 | −0.325% | $1.7M | $3.7M | 20x | as long as short |
| Bybit PONSUSDT | +0.0492% | 4h | 0.6002 | −0.448% | $17.9M | $30.7M | 20x | as long as short |
| BingX PONS-USDT | +0.0504% | 4h | 0.6002 | −0.448% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0526% | 4h | 0.6003 | −0.431% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0527% | 4h | 0.6003 | −0.431% | $39.5M | $94.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0528% | 4h | 0.6022 | −0.119% | $18K | $292K | 10x | as long as short |
| Extended PONS-USD | +0.0528% | 1h | 0.6003 | −0.424% | $249K | $671K | 5x | as long as short |
| Hyperliquid PONS | +0.0752% | 1h | 0.5996 | −0.544% | $61.1M | $27.8M | 3x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.6017 | −0.199% | $47K | $70K | 3x | as long as short |
| BloFin PONS-USDTlong | +0.0767% | 4h | 0.6029 | long leg | $1.7M | $968K | 20x | |
| Polymarket Perps PONS-USD | +0.0851% | 1h | 0.6015 | −0.226% | $69K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.6017 | −0.192% | $31K | $98K | 3x | as long as short |
Aevo PONS-PERP
Nado PONS-PERP
Gate PONS_USDT
OKX PONS-USDT-SWAP
Lighter RH PONS
Lighter PONS
Bitget PONSUSDT
Aster PONSUSDT
KuCoin PONSUSDTM
Bybit PONSUSDT
BingX PONS-USDT
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Extended PONS-USD
Hyperliquid PONS
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS