PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0434%/8h= −47.5% APRnext payment −$2.17 per $10,000 · paid last 24h −0.143%

Price spread now: OKX against BloFin−0.032%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.701%−$70 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.032%, 7d avg −0.062%

Together, before fees−0.777%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.030% dearer against BloFin than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.062%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6159	0.0845	pay 0.0423% / 4h	12m 49s	$1.8M	$1.1M	20x
Short	OKX PONS-USDT-SWAP	0.6157	0.0412	get 0.0206% / 4h	12m 49s	$14.0M	$60.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$91.04
Price spread: −0.032% → −0.062%: $2.96
Slippage, 4 orders: −$32.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$142.4
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	6.47 bp	13.7 bp −$14	27.9 bp −$279	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.81 bp	9.0 bp −$9	27.3 bp −$273	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 +0.0032% / S −0.0029%	1h	0.6153	−0.101%	$234K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6166	+0.114%	$22K	$455K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6163	+0.072%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6187	+0.458%	$31K	$299K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6172	+0.214%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6160	+0.023%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6164	+0.075%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6163	+0.067%	$66K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6162	+0.049%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6167	+0.127%	$384	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAPshort	+0.0412%	4h	0.6157	−0.032%	$14.0M	$60.6M	20x
Gate PONS_USDT	+0.0454%	4h	0.6160	+0.016%	$5.5M	$6.6M	20x	as long as short
Aster PONSUSDT	+0.0484%	4h	0.6161	+0.032%	$1.1M	$2.4M	20x	as long as short
Variational Omni PONS	+0.0505%	4h	0.6176	+0.277%	$1.5M	$4.2M	—	as long as short
Lighter PONS	+0.0528%	1h	0.6166	+0.115%	$1.7M	$858K	3x	as long as short
KuCoin PONSUSDTM	+0.0534%	4h	0.6163	+0.068%	$1.6M	$4.0M	20x	as long as short
Lighter RH PONS	+0.0552%	1h	0.6165	+0.089%	$416K	$2.7M	3x	as long as short
Pacifica PONS	+0.0572%	1h	0.6159	0.000%	$46K	$77K	3x	as long as short
Hyperliquid PONS	+0.0598%	1h	0.6158	−0.021%	$62.8M	$30.5M	3x	as long as short
Binance PONSUSDT	+0.0605%	4h	0.6162	+0.049%	$40.0M	$105.2M	20x	as long as short
MEXC PONS_USDT	+0.0606%	4h	0.6166	+0.114%	$7.8M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0608%	4h	0.6187	+0.452%	$20K	$292K	10x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6164	+0.089%	$103K	$827K	5x	as long as short
BingX PONS-USDT	+0.0666%	4h	0.6161	+0.032%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.0680%	4h	0.6159	0.000%	$18.4M	$33.0M	20x	as long as short
Bitget PONSUSDT	+0.0702%	4h	0.6161	+0.029%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDTlong	+0.0845%	4h	0.6159	long leg	$1.8M	$1.1M	20x
Polymarket Perps PONS-USD	+0.1017%	1h	0.6165	+0.102%	$73K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.580%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6159	−0.005%	$47K	$127K	3x	as long as short