PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2192%/8h= +240.0% APRnext payment +$10.96 per $10,000 · paid last 24h +0.271%

Price spread now: Gate against HTX−0.315%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$385as in the Price arb table

costs, in and out, $10k−$3663.659% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.768%+$77 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.315%, 7d avg −0.120%

Together, before fees+0.700%+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.195% cheaper against HTX than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of −0.120%). If the spread goes back, that is −$20 on $10k: about 7 hours of funding at the current rate (+$66 a day). At the pace of the last 7 days (+0.768% in total) that is about 43 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.768% in total (about 40.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.96 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.7216	0.0100	pay 0.0050% / 4h	2h 17m	$77K	$577K	20x
Short	Gate PONS_USDT	0.7193	0.2292	get 0.1146% / 4h	2h 17m	$5.8M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.315%Rate

Funding earned: $460.32
Price spread: −0.315% → −0.120%: −$19.5
Slippage, 4 orders: −$338.88
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $74.94
Costs to cover: 3.659%
Break-even: 5.9 days

Slippage from HTX: live order book, 39 min ago; Gate: live order book, 4 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, 39 min ago	13.28 bp	174.8 bp −$175	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.81 bp	31.8 bp −$32	87.2 bp −$872	doesn't fit	doesn't fit

PONS on 30 exchanges

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 +0.0029% / S −0.0027%	1h	0.7204	−0.168%	$259K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.6615	−8.318%	$680	$17K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.7219	+0.046%	$22K	$488K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.7154	−0.852%	$33K	$247K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.7217	+0.024%	$1K	$5K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.7204	−0.162%	—	$440K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.7213	−0.035%	$30K	$613K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.7216	long leg	$77K	$577K	20x
Phemex PONSUSDT	+0.0100%	4h	0.7204	−0.162%	$1.8M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0264%	1h	0.7219	+0.046%	$450	—	3x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget PONSUSDT	+0.0290%	4h	0.7209	−0.090%	$5.4M	$13.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0389%	4h	0.7206	−0.134%	$15.5M	$70.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0494%	4h	0.7213	−0.037%	$1.8M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0526%	4h	0.7217	+0.021%	$1.3M	$2.6M	20x	as long as short
MEXC PONS_USDT	+0.0740%	4h	0.7220	+0.060%	$10.4M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0744%	1h	0.7219	+0.052%	$179K	$832K	5x	as long as short
Binance PONSUSDT	+0.0747%	4h	0.7216	+0.004%	$44.5M	$103.1M	20x	as long as short
edgeX PONSUSDC	+0.0752%	4h	0.7150	−0.911%	$21K	$376K	10x	as long as short
Polymarket Perps PONS-USD	+0.0766%	1h	0.7218	+0.025%	$106K	$2.9M	3x	as long as short
Pacifica PONS	+0.0856%	1h	0.7198	−0.247%	$43K	$54K	3x	as long as short
Variational Omni PONS	+0.0884%	4h	0.7182	−0.464%	$2.4M	$4.1M	—	as long as short
Lighter RH PONS	+0.0912%	1h	0.7219	+0.053%	$479K	$2.9M	3x	as long as short
Nado PONS-PERP	+0.0918%	1h	0.7217	+0.022%	$133K	$92K	5x	as long as short
Lighter PONS	+0.0936%	1h	0.7220	+0.067%	$2.1M	$1.2M	3x	as long as short
BloFin PONS-USDT	+0.0981%	4h	0.7199	−0.231%	$2.0M	$1.6M	20x	as long as short
Hyperliquid PONS	+0.1325%	1h	0.7225	+0.127%	$81.1M	$36.3M	3x	as long as short
BingX PONS-USDT	+0.1342%	4h	0.7217	+0.018%	—	$2.6M	—	as long as short
Bybit PONSUSDT	+0.1352%	4h	0.7213	−0.037%	$22.5M	$36.9M	20x	as long as short
Phoenix PONS	+0.2014%	1h	0.7139	−1.060%	$82K	$191K	3x	as long as short
Gate PONS_USDTshort	+0.2292%	4h	0.7193	−0.315%	$5.8M	$6.4M	20x