PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0241%/8h= +26.4% APRnext payment +$1.20 per $10,000 · paid last 24h +0.067%

Price spread now: BloFin against edgeX−0.137%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on edgeX Short on BloFin

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)+0.351%+$35 · spread now −0.137%, 7d avg +0.063%

Together, before fees+0.829%+ Points / potential airdropedgeX: Active · farm board+$83 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.200% cheaper against edgeX than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of +0.063%). If the spread goes back, that is −$20 on $10k: about 2.8 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.6119	0.0304	pay 0.0152% / 4h	22m 29s	$21K	$292K	10x
Short	BloFin PONS-USDT	0.6111	0.0544	get 0.0272% / 4h	22m 29s	$1.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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 edgeXbpFee BloFinbpOrdersPrice spread, now −0.137%Rate

Funding earned: $50.58
Price spread: −0.137% → +0.063%: −$20
Slippage, 4 orders: −$51.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.3
Costs to cover: 0.729%
Break-even: 12.9 days

Slippage from edgeX: live order book, 55 min ago; BloFin: live order book, 5 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 edgeX live order book, 55 min ago	11.68 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 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	−2.449%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6099	−0.335%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6116	−0.055%	$427K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6134	+0.239%	$20K	$434K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6130	+0.174%	$88K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6130	+0.174%	$18.4M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6131	+0.190%	$14.0M	$58.2M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6129	+0.162%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6132	+0.205%	$34K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6114	−0.081%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6111	−0.129%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6112	−0.127%	$28K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6130	+0.179%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6114	−0.088%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0120%	4h	0.6113	−0.111%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0152%	4h	0.6133	+0.231%	$4.8M	$11.7M	20x	as long as short
Aster PONSUSDT	+0.0156%	4h	0.6115	−0.071%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6112	−0.119%	$381	—	3x	as long as short
Binance PONSUSDT	+0.0301%	4h	0.6129	+0.153%	$40.2M	$98.6M	20x	as long as short
edgeX PONSUSDClong	+0.0304%	4h	0.6119	long leg	$21K	$292K	10x
Lighter PONS	+0.0304%	1h	0.6118	−0.022%	$1.7M	$923K	3x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6126	+0.108%	$253K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0304%	4h	0.6121	+0.027%	$8.0M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0306%	4h	0.6128	+0.141%	—	$3.0M	—	as long as short
BloFin PONS-USDTshort	+0.0544%	4h	0.6111	−0.137%	$1.8M	$1.0M	20x
Polymarket Perps PONS-USD	+0.0658%	1h	0.6133	+0.231%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0865%	1h	0.6118	−0.021%	$62.3M	$30.0M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6125	+0.088%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6121	+0.020%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2434%	4h	0.6116	−0.055%	$5.4M	$6.3M	20x	as long as short