PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0396%/8h= −43.4% APRnext payment −$1.98 per $10,000 · paid last 24h −0.114%

Price spread now: HTX against Gate+0.267%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$397as in the Funding arb table

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

costs, in and out, $10k−$3443.436% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.531%−$53 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.267%, 7d avg +0.097%

Together, before fees−0.415%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.169% dearer against Gate than usual: you sell high and buy low (spread +0.267% now, against its 7-day average of +0.097%): +$17 on $10k if it goes back. Holding the pair costs −$12 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	Gate PONS_USDT	0.6003	0.0496	pay 0.0248% / 4h	0m 49s	$5.2M	$6.4M	20x
Short	HTX PONS-USDT	0.6019	0.0100	get 0.0050% / 4h	0m 49s	$65K	$512K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.267%Rate

Funding earned: −$83.16
Price spread: +0.267% → +0.097%: $16.93
Slippage, 4 orders: −$316.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$409.86
Costs to cover: 3.436%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; HTX: live order book, 58 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 Gate live order book, 3 min ago	0.83 bp	33.5 bp −$34	183.7 bp −$1,837	doesn't fit	doesn't fit
Sell HTX live order book, 58 min ago	39.36 bp	180.0 bp −$180	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 +0.0033% / S −0.0032%	1h	0.5998	−0.077%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.558%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6009	+0.100%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6025	+0.373%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6009	+0.098%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6009	+0.103%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6004	+0.017%	$26K	$538K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6019	+0.267%	$65K	$512K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6009	+0.100%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6007	+0.058%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PONS-PERP	+0.0298%	1h	0.6004	+0.017%	$70K	$129K	5x	as long as short
Variational Omni PONS	+0.0303%	4h	0.6008	+0.082%	$1.4M	$3.9M	—	as long as short
OKX PONS-USDT-SWAP	+0.0322%	4h	0.5999	−0.067%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0376%	1h	0.6005	+0.032%	$1.6M	$897K	3x	as long as short
Lighter RH PONS	+0.0448%	1h	0.6006	+0.043%	$412K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0449%	4h	0.6006	+0.047%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0492%	4h	0.6007	+0.070%	$4.6M	$11.5M	20x	as long as short
Gate PONS_USDTlong	+0.0496%	4h	0.6003	long leg	$5.2M	$6.4M	20x
Bybit PONSUSDT	+0.0507%	4h	0.6004	+0.017%	$17.9M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6005	+0.033%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0600%	1h	0.6005	+0.040%	$108K	$813K	5x	as long as short
Binance PONSUSDT	+0.0602%	4h	0.6004	+0.017%	$39.3M	$95.3M	20x	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.6007	+0.067%	$7.5M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0606%	4h	0.6012	+0.143%	$18K	$293K	10x	as long as short
KuCoin PONSUSDTM	+0.0698%	4h	0.6006	+0.047%	$1.6M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0818%	1h	0.6004	+0.008%	$61.4M	$28.4M	3x	as long as short
BloFin PONS-USDT	+0.0842%	4h	0.6015	+0.200%	$1.8M	$958K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6007	+0.073%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0862%	1h	0.6012	+0.145%	$71K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6006	+0.055%	$35K	$104K	3x	as long as short