PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0316%/8h= −34.6% APRnext payment −$1.58 per $10,000 · paid last 24h −0.089%

Price spread now: HTX against edgeX+0.175%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$396as in the Funding arb table

Net, price: spread back to 7d avg − costs−$335as in the Price arb table

costs, in and out, $10k−$3483.481% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.479%−$48 on $10k

Price spread, last 3 days (all we have)−0.254%−$25 · spread now +0.175%, 7d avg +0.041%

Together, before fees−0.734%+ Points / potential airdropedgeX: Active · farm board−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.134% dearer against edgeX than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of +0.041%): +$13 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.6024	0.0416	pay 0.0208% / 4h	2h 25m	$21K	$291K	10x
Short	HTX PONS-USDT	0.6034	0.0100	get 0.0050% / 4h	2h 25m	$64K	$509K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$66.37
Price spread: +0.175% → +0.041%: $13.36
Slippage, 4 orders: −$327.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$401.1
Costs to cover: 3.481%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; HTX: live order book, 43 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 edgeX live order book, 42 min ago	13.02 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 43 min ago	29.96 bp	169.9 bp −$170	doesn't fit	doesn't fit	doesn't fit

PONS on 29 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	0.6020	−0.068%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.901%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6042	+0.302%	$20K	$422K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6026	+0.029%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6017	−0.106%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6030	+0.111%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6030	+0.098%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6030	+0.102%	$26K	$518K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6034	+0.175%	$64K	$509K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6031	+0.120%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0160%	1h	0.6031	+0.118%	$425K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6027	+0.047%	$375	—	3x	as long as short
KuCoin PONSUSDTM	+0.0218%	4h	0.6043	+0.316%	$1.7M	$3.6M	20x	as long as short
Nado PONS-PERP	+0.0224%	1h	0.6042	+0.310%	$71K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0240%	4h	0.6040	+0.269%	$18.1M	$30.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0241%	4h	0.6041	+0.286%	$13.8M	$55.0M	20x	as long as short
Lighter PONS	+0.0248%	1h	0.6031	+0.118%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0306%	4h	0.6046	+0.362%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0363%	4h	0.6029	+0.080%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0388%	4h	0.6043	+0.319%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0400%	1h	0.6040	+0.267%	$249K	$672K	5x	as long as short
MEXC PONS_USDT	+0.0402%	4h	0.6042	+0.302%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0403%	4h	0.6042	+0.302%	$39.6M	$94.7M	20x	as long as short
edgeX PONSUSDClong	+0.0416%	4h	0.6024	long leg	$21K	$291K	10x
Gate PONS_USDT	+0.0452%	4h	0.6029	+0.087%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0686%	1h	0.6043	+0.319%	$61.5M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0739%	1h	0.6046	+0.370%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6037	+0.224%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6031	+0.128%	$31K	$107K	3x	as long as short