PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.76 per $10,000 · paid last 24h +0.055%

Price spread now: Aster against HTX−0.247%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$314as in the Price arb table

costs, in and out, $10k−$2972.968% of the position

Long on HTX Short on Aster

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)−0.329%−$33 · spread now −0.247%, 7d avg −0.073%

Together, before fees−0.209%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.174% cheaper against HTX than usual: you would sell low and buy high (spread −0.247% now, against its 7-day average of −0.073%). If the spread goes back, that is −$17 on $10k: about 3.8 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.120% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5945	0.0100	pay 0.0050% / 4h	3h 29m	$64K	$506K	20x
Short	Aster PONSUSDT	0.5931	0.0252	get 0.0126% / 4h	3h 29m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now −0.247%Rate

Funding earned: $31.9
Price spread: −0.247% → −0.073%: −$17.4
Slippage, 4 orders: −$276.81
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$282.3
Costs to cover: 2.968%
Break-even: 68.9 days

Slippage from HTX: live order book, 19 min ago; Aster: live order book, 4 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 HTX live order book, 19 min ago	42.15 bp	111.2 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	3.12 bp	12.4 bp −$12	29.0 bp −$290	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	−0.0124%	4h	0.5938	−0.124%	$5.2M	$7.0M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	0.5934	−0.195%	$213K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5863	−1.388%	$603	$3K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5941	−0.074%	$21K	$475K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5940	−0.091%	$73K	$95K	5x	as long as short
Hyperliquid PONS	+0.0100%	1h	0.5933	−0.214%	$58.9M	$29.5M	3x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5920	−0.427%	$17.8M	$31.2M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5918	−0.461%	$13.4M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5937	−0.145%	$1.9M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5933	−0.217%	$4.7M	$11.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0100%	4h	0.5930	−0.252%	$1.3M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5936	−0.160%	$34K	$319K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5945	−0.002%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5941	−0.077%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5941	−0.072%	$27K	$528K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5945	long leg	$64K	$506K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5940	−0.091%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5939	−0.107%	$370	—	3x	as long as short
MEXC PONS_USDT	+0.0198%	4h	0.5938	−0.124%	$7.5M	$5.2M	20x	as long as short
Extended PONS-USD	+0.0200%	1h	0.5937	−0.135%	$92K	$529K	5x	as long as short
Binance PONSUSDT	+0.0202%	4h	0.5928	−0.296%	$38.6M	$98.7M	20x	as long as short
BingX PONS-USDT	+0.0206%	4h	0.5935	−0.175%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0222%	4h	0.5934	−0.184%	$21K	$293K	10x	as long as short
Aster PONSUSDTshort	+0.0252%	4h	0.5931	−0.247%	$1.1M	$2.2M	20x
Pacifica PONS	+0.0279%	1h	0.5936	−0.152%	$47K	$111K	3x	as long as short
Lighter RH PONS	+0.0392%	1h	0.5926	−0.333%	$398K	$2.5M	3x	as long as short
BloFin PONS-USDT	+0.0438%	4h	0.5937	−0.141%	$1.7M	$984K	20x	as long as short
Polymarket Perps PONS-USD	+0.0475%	1h	0.5942	−0.052%	$48K	$1.8M	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5933	−0.214%	$27K	$80K	3x	as long as short
Lighter PONS	+0.1248%	1h	0.5932	−0.227%	$1.7M	$864K	3x	as long as short