PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0081%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.055%

Price spread now: HTX against Aster+0.107%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$342as in the Funding arb table

Net, price: spread back to 7d avg − costs−$327as in the Price arb table

costs, in and out, $10k−$3303.301% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.107%, 7d avg +0.080%

Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.027% dearer against Aster than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.080%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6094	0.0181	pay 0.0090% / 4h	57m 18s	$1.1M	$2.2M	20x
Short	HTX PONS-USDT	0.6100	0.0100	get 0.0050% / 4h	57m 18s	$65K	$509K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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 AsterbpFee HTXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$16.95
Price spread: +0.107% → +0.080%: $2.73
Slippage, 4 orders: −$310.15
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$344.37
Costs to cover: 3.301%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; HTX: live order book, 21 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 Aster live order book, 1 min ago	4.02 bp	11.5 bp −$12	26.2 bp −$262	doesn't fit	doesn't fit
Sell HTX live order book, 21 min ago	19.60 bp	153.1 bp −$153	1491.2 bp −$14.9K	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.043%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6086	−0.136%	$229K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6092	−0.033%	$21K	$450K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6093	−0.024%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6088	−0.098%	$18.4M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6091	−0.049%	$13.8M	$57.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6093	−0.020%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6093	−0.013%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6095	+0.010%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6101	+0.112%	$3K	$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	0.6094	−0.003%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6095	+0.008%	$28K	$548K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6100	+0.107%	$65K	$509K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6085	−0.148%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0102%	4h	0.6097	+0.056%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	0.6098	+0.059%	$380	—	3x	as long as short
Lighter RH PONS	+0.0160%	1h	0.6096	+0.033%	$430K	$2.6M	3x	as long as short
Aster PONSUSDTlong	+0.0181%	4h	0.6094	long leg	$1.1M	$2.2M	20x
Lighter PONS	+0.0240%	1h	0.6096	+0.040%	$1.7M	$921K	3x	as long as short
Extended PONS-USD	+0.0248%	1h	0.6096	+0.040%	$253K	$680K	5x	as long as short
Binance PONSUSDT	+0.0249%	4h	0.6097	+0.041%	$39.7M	$98.7M	20x	as long as short
MEXC PONS_USDT	+0.0250%	4h	0.6093	−0.016%	$8.1M	$4.8M	20x	as long as short
BingX PONS-USDT	+0.0252%	4h	0.6091	−0.049%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0258%	4h	0.6096	+0.032%	$21K	$292K	10x	as long as short
BloFin PONS-USDT	+0.0489%	4h	0.6098	+0.066%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0636%	1h	0.6093	−0.013%	$40K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0804%	1h	0.6094	+0.007%	$61.9M	$30.6M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6091	−0.051%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6092	−0.031%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.1772%	4h	0.6091	−0.049%	$5.3M	$6.2M	20x	as long as short