PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0440%/8h= −48.2% APRnext payment −$2.20 per $10,000 · paid last 24h −0.171%

Price spread now: HTX against BloFin+0.396%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$436as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$3413.410% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.954%−$95 on $10k

Price spread, last 3 days (all we have)−0.594%−$59 · spread now +0.396%, 7d avg −0.024%

Together, before fees−1.548%−$155 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.419% dearer against BloFin than usual: you sell high and buy low (spread +0.396% now, against its 7-day average of −0.024%): +$42 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6067	0.0540	pay 0.0270% / 4h	3h 56m	$1.8M	$1.0M	20x
Short	HTX PONS-USDT	0.6091	0.0100	get 0.0050% / 4h	3h 56m	$65K	$510K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now +0.396%Rate

Funding earned: −$92.42
Price spread: +0.396% → −0.024%: $41.92
Slippage, 4 orders: −$317.02
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$391.52
Costs to cover: 3.410%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; HTX: live order book, 17 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 BloFin live order book, 1 min ago	4.12 bp	11.7 bp −$12	26.2 bp −$262	doesn't fit	doesn't fit
Sell HTX live order book, 17 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
Gate PONS_USDT	−0.0852%	4h	0.6060	−0.115%	$5.3M	$6.1M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6056	−0.181%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.607%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6063	−0.068%	$424K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6064	−0.049%	$20K	$417K	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6059	−0.132%	$13.8M	$57.3M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6074	+0.118%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6082	+0.247%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6071	+0.066%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6072	+0.086%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6066	−0.010%	$28K	$548K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6091	+0.396%	$65K	$510K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6071	+0.066%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0146%	4h	0.6062	−0.079%	$1.7M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6071	+0.062%	$378	—	3x	as long as short
Aster PONSUSDT	+0.0162%	4h	0.6062	−0.089%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0184%	4h	0.6065	−0.033%	$4.7M	$11.7M	20x	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6064	−0.049%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0303%	4h	0.6063	−0.058%	$39.7M	$97.9M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6063	−0.060%	$252K	$681K	5x	as long as short
edgeX PONSUSDC	+0.0307%	4h	0.6072	+0.086%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0333%	1h	0.6064	−0.047%	$105K	$116K	5x	as long as short
Lighter PONS	+0.0336%	1h	0.6065	−0.028%	$1.7M	$894K	3x	as long as short
BloFin PONS-USDTlong	+0.0540%	4h	0.6067	long leg	$1.8M	$1.0M	20x
Pacifica PONS	+0.0665%	1h	0.6065	−0.037%	$48K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0830%	1h	0.6063	−0.061%	$41K	$1.6M	3x	as long as short
BingX PONS-USDT	+0.0916%	4h	0.6065	−0.033%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0917%	4h	0.6062	−0.082%	$18.2M	$31.2M	20x	as long as short
Hyperliquid PONS	+0.1193%	1h	0.6067	−0.005%	$61.8M	$30.0M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6073	+0.104%	$31K	$113K	3x	as long as short