Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: gTrade (Gains Network) against HTX−0.343%7-day average −0.188% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,895as in the Price arb table

costs, in and out, $10k−$4,87948.795% of the position

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.343%, 7d avg −0.188%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.155% cheaper against HTX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.188%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6019	0.0100	pay 0.0050% / 4h	0m 58s	$65K	$512K	20x
Short	gTrade (Gains Network) PONS/USD	0.5998	L +0.0033% / S −0.0032%	get 0.0004% / 1h	0m 58s	$238K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.343%Rate

Funding earned: −$14.2
Price spread: −0.343% → −0.188%: −$15.5
Slippage, 4 orders: −$4,855.46
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,909.15
Costs to cover: 48.795%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; gTrade (Gains Network): virtual book (oracle venue), 58 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, 58 min ago	39.36 bp	108.5 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 58 min ago	130.00 bp	2471.3 bp −$2,471	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/USDshort	L +0.0033% / S −0.0032%	1h	0.5998	−0.343%	$238K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.822%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6009	−0.166%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6025	+0.106%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6009	−0.168%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6009	−0.163%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6004	−0.249%	$26K	$538K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6019	long leg	$65K	$512K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6009	−0.166%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6007	−0.208%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PONS-PERP	+0.0298%	1h	0.6004	−0.249%	$70K	$129K	5x	as long as short
Variational Omni PONS	+0.0303%	4h	0.6008	−0.184%	$1.4M	$3.9M	—	as long as short
OKX PONS-USDT-SWAP	+0.0322%	4h	0.6001	−0.299%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0376%	1h	0.6006	−0.211%	$1.6M	$897K	3x	as long as short
Lighter RH PONS	+0.0448%	1h	0.6006	−0.224%	$412K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0452%	4h	0.6006	−0.222%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0492%	4h	0.6009	−0.158%	$4.6M	$11.5M	20x	as long as short
Gate PONS_USDT	+0.0496%	4h	0.6003	−0.266%	$5.2M	$6.4M	20x	as long as short
Bybit PONSUSDT	+0.0507%	4h	0.6004	−0.249%	$17.9M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6005	−0.233%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0600%	1h	0.6005	−0.226%	$108K	$813K	5x	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.6007	−0.199%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0602%	4h	0.6005	−0.233%	$39.3M	$95.3M	20x	as long as short
edgeX PONSUSDC	+0.0606%	4h	0.6012	−0.123%	$18K	$293K	10x	as long as short
KuCoin PONSUSDTM	+0.0698%	4h	0.6006	−0.219%	$1.6M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0818%	1h	0.6001	−0.292%	$61.3M	$28.4M	3x	as long as short
BloFin PONS-USDT	+0.0842%	4h	0.6015	−0.066%	$1.8M	$958K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6007	−0.193%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0862%	1h	0.6012	−0.121%	$71K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6006	−0.211%	$35K	$104K	3x	as long as short