Funding you earn now, next payment 08:00 UTC+0.0307%/8h= +33.6% APRnext payment +$1.53 per $10,000 · paid last 24h +0.143%
Price spread now: BloFin against OKX−0.051%63s7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs+$19as 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−$510.512% of the position
Funding, last 7 days+0.701%+$70 on $10k
+Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.051%, 7d avg +0.062%
=Funding pays, the price is against you. BloFin is 0.113% cheaper against OKX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.062%). If the spread goes back, that is −$11 on $10k: about 29 hours of funding at the current rate (+$9 a day). The two prices were read 63 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 | OKX PONS-USDT-SWAP | 0.5922 | 0.0413 | pay 0.0206% / 4h | 1h 02m | $13.4M | $55.3M | 20x |
| Short | BloFin PONS-USDT | 0.5919 | 0.0719 | get 0.0360% / 4h | 1h 02m | $1.7M | $939K | 20x |
OKX PONS-USDT-SWAP
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $64.38
- Price spread: −0.051% → +0.062%
- −$11.29
- Slippage, 4 orders
- −$29.16
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $1.92
- Costs to cover
- 0.512%
- Break-even
- 6.8 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 6 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 OKX live order book, 2 min ago | 1.69 bp | 12.2 bp −$12 | 33.2 bp −$332 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.84 bp | 19.8 bp −$20 | 41.8 bp −$418 | 109.4 bp −$10.9K | 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 −0.0030% | 1h | 0.5918 | −0.076% | $242K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | +0.279% | $610 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5923 | +0.017% | $410K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5919 | −0.051% | $22K | $420K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5929 | +0.118% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5920 | −0.039% | $69K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5940 | +0.299% | $29K | $308K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5927 | +0.083% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5924 | +0.039% | $26K | $581K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5911 | −0.179% | $64K | $526K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
ApeX Omni PONSUSDT
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 | 0.5922 | 0.000% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0200% | 1h | 0.5922 | −0.002% | $369 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0312% | 1h | 0.5928 | +0.106% | $60.2M | $29.5M | 3x | as long as short |
| OKX PONS-USDT-SWAPlong | +0.0413% | 4h | 0.5922 | long leg | $13.4M | $55.3M | 20x | |
| Aster PONSUSDT | +0.0446% | 4h | 0.5917 | −0.079% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0478% | 4h | 0.5924 | +0.034% | $7.7M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0479% | 4h | 0.5927 | +0.087% | $37.3M | $97.9M | 20x | as long as short |
| Extended PONS-USD | +0.0480% | 1h | 0.5923 | +0.016% | $101K | $806K | 5x | as long as short |
| edgeX PONSUSDC | +0.0501% | 4h | 0.5946 | +0.401% | $20K | $290K | 10x | as long as short |
| Variational Omni PONS | +0.0548% | 4h | 0.5964 | +0.717% | $1.4M | $4.1M | — | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5918 | −0.066% | $45K | $68K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0590% | 4h | 0.5922 | −0.005% | $1.6M | $3.8M | 20x | as long as short |
| Gate PONS_USDT | +0.0642% | 4h | 0.5927 | +0.084% | $5.3M | $6.4M | 20x | as long as short |
| BingX PONS-USDT | +0.0650% | 4h | 0.5923 | +0.017% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0650% | 4h | 0.5927 | +0.084% | $17.6M | $31.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0653% | 1h | 0.5924 | +0.029% | $85K | $1.9M | 3x | as long as short |
| Bitget PONSUSDT | +0.0676% | 4h | 0.5926 | +0.066% | $4.7M | $12.2M | 20x | as long as short |
| BloFin PONS-USDTshort | +0.0719% | 4h | 0.5919 | −0.051% | $1.7M | $939K | 20x | |
| Lighter PONS | +0.0864% | 1h | 0.5926 | +0.068% | $1.6M | $832K | 3x | as long as short |
| Phoenix PONS | +0.1472% | 1h | 0.5934 | +0.208% | $45K | $127K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Variational Omni PONS
Pacifica PONS
KuCoin PONSUSDTM
Gate PONS_USDT
BingX PONS-USDT
Bybit PONSUSDT
Polymarket Perps PONS-USD
Bitget PONSUSDT
Lighter PONS
Phoenix PONS