PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.159%

Price spread now: BingX against HTX+0.077%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$345as in the Price arb table

costs, in and out, $10k−$3533.525% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.646%+$65 on $10k

Price spread, last 3 days (all we have)−0.351%−$35 · spread now +0.077%, 7d avg +0.001%

Together, before fees+0.295%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.076% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5838	0.0100	pay 0.0050% / 4h	2h 40m	$63K	$504K	20x
Short	BingX PONS-USDT	0.5843	0.0136	get 0.0068% / 4h	2h 40m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $7.56
Price spread: +0.077% → +0.001%: $7.64
Slippage, 4 orders: −$330.51
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$337.32
Costs to cover: 3.525%
Break-even: 319.3 days

Slippage from HTX: live order book, 48 min ago; BingX: live order book, 10 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, 48 min ago	17.23 bp	145.9 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	1.70 bp	10.3 bp −$10	32.0 bp −$320	125.2 bp −$12.5K	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 +0.0032% / S −0.0034%	1h	0.5833	−0.086%	$214K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+1.389%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5837	−0.026%	$21K	$448K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5840	+0.026%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5840	+0.026%	$13.3M	$55.5M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5838	−0.009%	$5.1M	$6.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5838	−0.007%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5845	+0.106%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5819	−0.342%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5808	−0.528%	$34K	$328K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5843	+0.079%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5846	+0.128%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5843	+0.074%	$27K	$549K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5838	long leg	$63K	$504K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5844	+0.094%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5835	−0.068%	$363	—	3x	as long as short
BingX PONS-USDTshort	+0.0136%	4h	0.5843	+0.077%	—	$3.1M	—
MEXC PONS_USDT	+0.0150%	4h	0.5845	+0.111%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0151%	4h	0.5844	+0.094%	$38.0M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0152%	1h	0.5840	+0.033%	$104K	$531K	5x	as long as short
edgeX PONSUSDC	+0.0158%	4h	0.5808	−0.526%	$20K	$294K	10x	as long as short
Aster PONSUSDT	+0.0172%	4h	0.5829	−0.166%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0173%	1h	0.5834	−0.075%	$88K	$103K	5x	as long as short
Polymarket Perps PONS-USD	+0.0330%	1h	0.5839	+0.012%	$38K	$1.8M	3x	as long as short
Lighter RH PONS	+0.0384%	1h	0.5841	+0.041%	$390K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0391%	4h	0.5819	−0.334%	$1.7M	$956K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5836	−0.049%	$46K	$102K	3x	as long as short
Hyperliquid PONS	+0.0581%	1h	0.5843	+0.071%	$58.3M	$30.1M	3x	as long as short
Lighter PONS	+0.0896%	1h	0.5842	+0.067%	$1.7M	$881K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5873	+0.594%	$27K	$86K	3x	as long as short