PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0503%/8h= +55.1% APRnext payment +$2.52 per $10,000 · paid last 24h +0.097%

Price spread now: Binance against HTX−0.668%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$392as in the Price arb table

costs, in and out, $10k−$3303.299% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.474%+$47 on $10k

Price spread, last 4 days (all we have)+0.747%+$75 · spread now −0.668%, 7d avg −0.043%

Together, before fees+1.222%+$122 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.626% cheaper against HTX than usual: you would sell low and buy high (spread −0.668% now, against its 7-day average of −0.043%). If the spread goes back, that is −$63 on $10k: about 4.1 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.474% in total) that is about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5944	0.0100	pay 0.0050% / 4h	2h 40m	$64K	$512K	20x
Short	Binance PONSUSDT	0.5904	0.0603	get 0.0302% / 4h	2h 40m	$38.6M	$94.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.668%Rate

Funding earned: $105.67
Price spread: −0.668% → −0.043%: −$62.58
Slippage, 4 orders: −$307.91
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$286.82
Costs to cover: 3.299%
Break-even: 26.0 days

Slippage from HTX: live order book, 8 min ago; Binance: live order book, 2 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, 8 min ago	39.41 bp	133.0 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.85 bp	11.6 bp −$12	42.3 bp −$423	201.3 bp −$20.1K	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	0.5906	−0.649%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.426%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5903	−0.693%	$417K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5919	−0.424%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5918	−0.440%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5914	−0.515%	$34K	$335K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5922	−0.375%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5918	−0.439%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5915	−0.496%	$25K	$546K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5944	long leg	$64K	$512K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5915	−0.491%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0150%	4h	0.5903	−0.693%	$5.2M	$6.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5907	−0.623%	$368	—	3x	as long as short
Hyperliquid PONS	+0.0254%	1h	0.5903	−0.688%	$59.8M	$29.0M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0359%	4h	0.5896	−0.811%	$13.4M	$54.5M	20x	as long as short
Aster PONSUSDT	+0.0478%	4h	0.5901	−0.731%	$1.1M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0551%	4h	0.5915	−0.490%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0556%	4h	0.5906	−0.646%	$4.7M	$11.8M	20x	as long as short
Binance PONSUSDTshort	+0.0603%	4h	0.5904	−0.668%	$38.6M	$94.7M	20x
Extended PONS-USD	+0.0608%	1h	0.5905	−0.664%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.5908	−0.609%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0627%	4h	0.5923	−0.352%	$20K	$294K	10x	as long as short
Lighter PONS	+0.0632%	1h	0.5905	−0.659%	$1.6M	$886K	3x	as long as short
Pacifica PONS	+0.0715%	1h	0.5899	−0.765%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0738%	4h	0.5910	−0.574%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0791%	1h	0.5918	−0.441%	$87K	$1.7M	3x	as long as short
BingX PONS-USDT	+0.0808%	4h	0.5904	−0.676%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0832%	4h	0.5893	−0.861%	$17.6M	$31.0M	20x	as long as short
BloFin PONS-USDT	+0.0848%	4h	0.5919	−0.424%	$1.7M	$943K	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5922	−0.380%	$45K	$121K	3x	as long as short