Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni−0.134%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$378as in the Funding arb table

Net, price: spread back to 7d avg − costs−$384as in the Price arb table

costs, in and out, $10k−$3783.784% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.341%+$34 · spread now −0.134%, 7d avg −0.079%

Together, before fees+0.341%+$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.054% cheaper against ApeX Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.5907	0.0100	pay 0.0013% / 1h	22m 20s	$34K	$332K	5x
Short	HTX PONS-USDT	0.5899	0.0100	get 0.0050% / 4h	2h 22m	$64K	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → −0.079%: −$5.45
Slippage, 4 orders: −$356.38
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$383.83
Costs to cover: 3.784%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; HTX: 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 ApeX Omni live order book, 65 min ago	34.37 bp	42.5 bp −$43	134.7 bp −$1,347	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	14.23 bp	168.5 bp −$169	doesn't fit	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 −0.0034%	1h	0.5896	−0.176%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.218%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5905	−0.029%	$21K	$446K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5904	−0.045%	$89K	$103K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5905	−0.029%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5903	−0.063%	$13.4M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5902	−0.073%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5903	−0.069%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5909	+0.035%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.5907	long leg	$34K	$332K	5x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5907	+0.012%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5901	−0.091%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5897	−0.164%	$27K	$549K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.5899	−0.134%	$64K	$504K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5888	−0.317%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5902	−0.085%	$368	—	3x	as long as short
Binance PONSUSDT	+0.0178%	4h	0.5904	−0.045%	$38.4M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5904	−0.046%	$7.5M	$5.2M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5896	−0.173%	$106K	$533K	5x	as long as short
BingX PONS-USDT	+0.0184%	4h	0.5902	−0.080%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0199%	4h	0.5907	+0.013%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0199%	4h	0.5896	−0.180%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0351%	1h	0.5906	−0.008%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5901	−0.097%	$1.7M	$965K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5899	−0.131%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0497%	1h	0.5907	+0.005%	$59.1M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0608%	1h	0.5901	−0.093%	$405K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0634%	4h	0.5900	−0.113%	$5.2M	$6.8M	20x	as long as short
Lighter PONS	+0.1032%	1h	0.5902	−0.078%	$1.7M	$883K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5904	−0.046%	$28K	$86K	3x	as long as short