PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0579%/8h= +63.4% APRnext payment +$2.90 per $10,000 · paid last 24h +0.114%

Price spread now: Bybit against HTX−0.069%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$305as in the Funding arb table

Net, price: spread back to 7d avg − costs−$343as in the Price arb table

costs, in and out, $10k−$3423.424% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.373%+$37 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.069%, 7d avg −0.067%

Together, before fees+0.502%+$50 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.373% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5920	0.0100	pay 0.0050% / 4h	1h 07m	$64K	$526K	20x
Short	Bybit PONSUSDT	0.5916	0.0679	get 0.0340% / 4h	1h 07m	$17.5M	$31.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.069%Rate

Funding earned: $121.67
Price spread: −0.069% → −0.067%: −$0.19
Slippage, 4 orders: −$319.42
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$220.93
Costs to cover: 3.424%
Break-even: 19.7 days

Slippage from HTX: live order book, 36 min ago; Bybit: live order book, 1 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, 36 min ago	33.76 bp	138.6 bp −$139	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.54 bp	14.2 bp −$14	34.4 bp −$344	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 +0.0032% / S −0.0030%	1h	0.5913	−0.113%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.311%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5918	−0.027%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5916	−0.069%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5925	+0.076%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5917	−0.059%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5921	+0.012%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5920	−0.002%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5920	−0.002%	$26K	$581K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5920	long leg	$64K	$526K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5918	−0.035%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5920	−0.007%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0295%	1h	0.5921	+0.017%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0409%	4h	0.5917	−0.052%	$13.4M	$55.3M	20x	as long as short
Aster PONSUSDT	+0.0448%	4h	0.5917	−0.047%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0483%	4h	0.5918	−0.035%	$37.3M	$97.9M	20x	as long as short
MEXC PONS_USDT	+0.0486%	4h	0.5918	−0.035%	$7.6M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0488%	1h	0.5917	−0.047%	$101K	$807K	5x	as long as short
edgeX PONSUSDC	+0.0497%	4h	0.5920	+0.003%	$20K	$289K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5917	−0.060%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0564%	4h	0.5916	−0.071%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0600%	4h	0.5920	−0.002%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0639%	1h	0.5918	−0.030%	$87K	$1.9M	3x	as long as short
BingX PONS-USDT	+0.0678%	4h	0.5916	−0.069%	—	$3.0M	—	as long as short
Bybit PONSUSDTshort	+0.0679%	4h	0.5916	−0.069%	$17.5M	$31.2M	20x
Bitget PONSUSDT	+0.0680%	4h	0.5923	+0.049%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0728%	4h	0.5917	−0.052%	$1.7M	$941K	20x	as long as short
Gate PONS_USDT	+0.0786%	4h	0.5916	−0.069%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0888%	1h	0.5922	+0.034%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5921	+0.014%	$45K	$127K	3x	as long as short