PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0535%/8h= +58.6% APRnext payment +$2.68 per $10,000 · paid last 24h +0.101%

Price spread now: edgeX against HTX−0.560%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$411as in the Price arb table

costs, in and out, $10k−$3603.598% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.500%+$50 on $10k

Price spread, last 4 days (all we have)+0.417%+$42 · spread now −0.560%, 7d avg −0.043%

Together, before fees+0.916%+ Points / potential airdropedgeX: Active · farm board+$92 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.517% cheaper against HTX than usual: you would sell low and buy high (spread −0.560% now, against its 7-day average of −0.043%). If the spread goes back, that is −$52 on $10k: about 3.2 days of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.500% in total) that is about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5966	0.0100	pay 0.0050% / 4h	3h 12m	$65K	$513K	20x
Short	edgeX PONSUSDC	0.5932	0.0635	get 0.0318% / 4h	3h 12m	$18K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.560%Rate

Funding earned: $112.4
Price spread: −0.560% → −0.043%: −$51.73
Slippage, 4 orders: −$338.76
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$299.09
Costs to cover: 3.598%
Break-even: 25.6 days

Slippage from HTX: live order book, 41 min ago; edgeX: live order book, 40 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, 41 min ago	40.47 bp	159.7 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	11.60 bp	20.1 bp −$20	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	0.5940	−0.428%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.060%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5941	−0.419%	$419K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5950	−0.267%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5948	−0.296%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5956	−0.174%	$34K	$339K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5949	−0.275%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5949	−0.283%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5945	−0.350%	$26K	$537K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5966	long leg	$65K	$513K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5946	−0.334%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5944	−0.359%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0362%	4h	0.5939	−0.451%	$13.5M	$54.3M	20x	as long as short
Variational Omni PONS	+0.0455%	4h	0.5941	−0.410%	$1.4M	$4.0M	—	as long as short
Lighter PONS	+0.0472%	1h	0.5943	−0.384%	$1.6M	$894K	3x	as long as short
Hyperliquid PONS	+0.0480%	1h	0.5942	−0.394%	$60.7M	$28.1M	3x	as long as short
Aster PONSUSDT	+0.0512%	4h	0.5945	−0.343%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0538%	4h	0.5943	−0.380%	$4.6M	$11.6M	20x	as long as short
Gate PONS_USDT	+0.0576%	4h	0.5941	−0.417%	$5.2M	$6.2M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.5941	−0.413%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.5943	−0.384%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0611%	4h	0.5944	−0.367%	$38.9M	$94.1M	20x	as long as short
edgeX PONSUSDCshort	+0.0635%	4h	0.5932	−0.560%	$18K	$294K	10x
Polymarket Perps PONS-USD	+0.0733%	1h	0.5949	−0.278%	$81K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0734%	4h	0.5941	−0.411%	$1.6M	$3.8M	20x	as long as short
Bybit PONSUSDT	+0.0756%	4h	0.5940	−0.434%	$17.7M	$30.5M	20x	as long as short
BingX PONS-USDT	+0.0836%	4h	0.5944	−0.367%	—	$3.0M	—	as long as short
BloFin PONS-USDT	+0.0851%	4h	0.5949	−0.283%	$1.8M	$946K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.5946	−0.326%	$46K	$68K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.5990	+0.404%	$45K	$109K	3x	as long as short