PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.81 per $10,000 · paid last 24h −0.084%

Price spread now: HTX against Bitget−0.259%46s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$400as 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−$3603.604% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.395%−$39 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.259%, 7d avg −0.001%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and HTX is 0.258% cheaper against Bitget than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 46 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	Bitget PONSUSDT	0.6096	0.0262	pay 0.0131% / 4h	3h 17m	$4.8M	$11.4M	20x
Short	HTX PONS-USDT	0.6080	0.0100	get 0.0050% / 4h	3h 17m	$65K	$510K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now −0.259%Rate

Funding earned: −$34.02
Price spread: −0.259% → −0.001%: −$25.81
Slippage, 4 orders: −$336.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$420.23
Costs to cover: 3.604%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; HTX: live order book, 56 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 Bitget live order book, 1 min ago	3.29 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 56 min ago	27.26 bp	165.6 bp −$166	1530.7 bp −$15.3K	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 +0.0033% / S −0.0033%	1h	0.6079	−0.280%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.072%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6093	−0.048%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6095	−0.013%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	−0.226%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6093	−0.039%	$33K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6079	−0.274%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6089	−0.105%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6084	−0.195%	$28K	$544K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6080	−0.259%	$65K	$510K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6083	−0.210%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6077	−0.305%	$379	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0185%	4h	0.6090	−0.095%	$13.9M	$56.5M	20x	as long as short
KuCoin PONSUSDTM	+0.0198%	4h	0.6094	−0.036%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDTlong	+0.0262%	4h	0.6096	long leg	$4.8M	$11.4M	20x
Aster PONSUSDT	+0.0271%	4h	0.6078	−0.285%	$1.1M	$2.1M	20x	as long as short
Extended PONS-USD	+0.0360%	1h	0.6095	−0.018%	$252K	$678K	5x	as long as short
MEXC PONS_USDT	+0.0360%	4h	0.6094	−0.030%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0364%	4h	0.6096	+0.003%	$40.1M	$96.3M	20x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6082	−0.230%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0416%	1h	0.6091	−0.074%	$1.7M	$933K	3x	as long as short
BingX PONS-USDT	+0.0560%	4h	0.6092	−0.062%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0595%	4h	0.6077	−0.308%	$1.8M	$997K	20x	as long as short
Nado PONS-PERP	+0.0612%	1h	0.6094	−0.030%	$105K	$115K	5x	as long as short
Bybit PONSUSDT	+0.0614%	4h	0.6087	−0.144%	$18.3M	$30.9M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6092	−0.062%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0770%	1h	0.6093	−0.041%	$44K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0780%	4h	0.6084	−0.194%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0873%	1h	0.6093	−0.052%	$62.0M	$29.1M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6094	−0.034%	$32K	$113K	3x	as long as short