Funding you earn now, next payment 01:00 UTC+0.0549%/8h= +60.1% APRpaid last 24h +0.178%
Price spread now: BloFin against Injective+1.851%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$16 a day on $10k at the current rate, and BloFin is 1.851% dearer against Injective than usual: you sell high and buy low: +$185 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5969 | 0.0033 | pay 0.0004% / 1h | 33m 41s | $614 | $10K | 5.5x |
| Short | BloFin PONS-USDT | 0.6080 | 0.0583 | get 0.0291% / 4h | 3h 33m | $1.7M | $1.0M | 20x |
Injective PONS/USDC PERP
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $115.33
- Price spread: +1.851% → 0.000%
- $185.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $288.41
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 4 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 4 min ago | 0.82 bp | 20.1 bp −$20 | 36.3 bp −$363 | 119.0 bp −$11.9K | doesn't fit |
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 | 0.6081 | +1.866% | $241K | — | 150x | as long as short |
| Injective PONS/USDC PERPlong | +0.0033% | 1h | 0.5969 | long leg | $614 | $10K | 5.5x | |
| Lighter RH PONS | +0.0096% | 1h | 0.6090 | +2.027% | $432K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6092 | +2.052% | $20K | $416K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6077 | +1.802% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6090 | +2.012% | $33K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6093 | +2.067% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6084 | +1.913% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6092 | +2.049% | $28K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6082 | +1.890% | $65K | $510K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6091 | +2.035% | $1.7M | $3.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0139% | 4h | 0.6094 | +2.086% | $13.8M | $57.0M | 20x | as long as short |
| Aevo PONS-PERP | +0.0168% | 1h | 0.6087 | +1.970% | $379 | — | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0172% | 4h | 0.6085 | +1.928% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0216% | 4h | 0.6093 | +2.077% | $4.7M | $11.5M | 20x | as long as short |
| Aster PONSUSDT | +0.0228% | 4h | 0.6084 | +1.915% | $1.1M | $2.2M | 20x | as long as short |
| Extended PONS-USD | +0.0336% | 1h | 0.6089 | +1.998% | $252K | $679K | 5x | as long as short |
| MEXC PONS_USDT | +0.0336% | 4h | 0.6089 | +2.002% | $7.9M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0338% | 4h | 0.6095 | +2.097% | $39.9M | $97.0M | 20x | as long as short |
| edgeX PONSUSDC | +0.0350% | 4h | 0.6084 | +1.918% | $21K | $293K | 10x | as long as short |
| Lighter PONS | +0.0448% | 1h | 0.6093 | +2.069% | $1.7M | $897K | 3x | as long as short |
| BloFin PONS-USDTshort | +0.0583% | 4h | 0.6080 | +1.851% | $1.7M | $1.0M | 20x | |
| Nado PONS-PERP | +0.0595% | 1h | 0.6086 | +1.948% | $105K | $115K | 5x | as long as short |
| BingX PONS-USDT | +0.0628% | 4h | 0.6090 | +2.019% | — | $3.1M | — | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6092 | +2.059% | $48K | $87K | 3x | as long as short |
| Bybit PONSUSDT | +0.0718% | 4h | 0.6090 | +2.019% | $18.3M | $30.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0750% | 1h | 0.6093 | +2.062% | $44K | $1.6M | 3x | as long as short |
| Gate PONS_USDT | +0.0816% | 4h | 0.6082 | +1.885% | $5.3M | $6.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0907% | 1h | 0.6091 | +2.042% | $61.9M | $29.2M | 3x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6083 | +1.910% | $31K | $113K | 3x | as long as short |
Phemex PONSUSDT
OKX PONS-USDT-SWAP
Aevo PONS-PERP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Lighter PONS
Nado PONS-PERP
BingX PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Polymarket Perps PONS-USD
Gate PONS_USDT
Hyperliquid PONS
Phoenix PONS