Funding you earn now, next payment 08:00 UTC+0.0510%/8h= +55.8% APRnext payment +$2.55 per $10,000 · paid last 24h +0.097%
Price spread now: MEXC against HTX−0.176%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$282as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3293.289% of the position
Funding, last 7 days+0.474%+$47 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.176%, 7d avg −0.040%
=Funding pays, the price is against you. MEXC is 0.136% cheaper against HTX than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of −0.040%). If the spread goes back, that is −$14 on $10k: about 21 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.474% in total) that is about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PONS-USDT | 0.5951 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $65K | $512K | 20x |
| Short | MEXC PONS_USDT | 0.5941 | 0.0610 | get 0.0305% / 4h | 3h 11m | $7.5M | $4.7M | 20x |
HTX PONS-USDT
MEXC PONS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $107.1
- Price spread: −0.176% → −0.040%
- −$13.61
- Slippage, 4 orders
- −$316.94
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$235.45
- Costs to cover
- 3.289%
- Break-even
- 22.4 days
Slippage from HTX: live order book, 42 min ago; MEXC: 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, 42 min ago | 40.47 bp | 159.7 bp −$160 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.84 bp | 5.1 bp −$5 | 13.0 bp −$130 | 334.8 bp −$33.5K | 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 +0.0033% / S −0.0032% | 1h | 0.5930 | −0.355% | $236K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.302% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5940 | −0.195% | $419K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5936 | −0.260% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5937 | −0.244% | $69K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5956 | +0.067% | $34K | $339K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5945 | −0.118% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5939 | −0.210% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5943 | −0.143% | $26K | $537K | 3x | as long as short |
| HTX PONS-USDTlong | +0.0100% | 4h | 0.5951 | long leg | $65K | $512K | 20x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5945 | −0.109% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5938 | −0.220% | $370 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0358% | 4h | 0.5945 | −0.109% | $13.5M | $54.4M | 20x | as long as short |
| Variational Omni PONS | +0.0455% | 4h | 0.5941 | −0.169% | $1.4M | $4.0M | — | as long as short |
| Lighter PONS | +0.0464% | 1h | 0.5940 | −0.193% | $1.6M | $894K | 3x | as long as short |
| Hyperliquid PONS | +0.0483% | 1h | 0.5947 | −0.074% | $60.8M | $28.1M | 3x | as long as short |
| Gate PONS_USDT | +0.0502% | 4h | 0.5938 | −0.227% | $5.2M | $6.2M | 20x | as long as short |
| Aster PONSUSDT | +0.0515% | 4h | 0.5940 | −0.190% | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.0536% | 4h | 0.5941 | −0.170% | $4.6M | $11.6M | 20x | as long as short |
| Extended PONS-USD | +0.0608% | 1h | 0.5938 | −0.233% | $106K | $807K | 5x | as long as short |
| MEXC PONS_USDTshort | +0.0610% | 4h | 0.5941 | −0.176% | $7.5M | $4.7M | 20x | |
| Binance PONSUSDT | +0.0611% | 4h | 0.5947 | −0.082% | $38.9M | $94.1M | 20x | as long as short |
| edgeX PONSUSDC | +0.0635% | 4h | 0.5932 | −0.320% | $18K | $294K | 10x | as long as short |
| BingX PONS-USDT | +0.0716% | 4h | 0.5948 | −0.059% | — | $3.0M | — | as long as short |
| KuCoin PONSUSDTM | +0.0728% | 4h | 0.5940 | −0.198% | $1.6M | $3.8M | 20x | as long as short |
| Bybit PONSUSDT | +0.0729% | 4h | 0.5946 | −0.092% | $17.7M | $30.6M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0734% | 1h | 0.5935 | −0.276% | $81K | $1.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0851% | 4h | 0.5949 | −0.042% | $1.8M | $946K | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.5940 | −0.191% | $46K | $68K | 3x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.5990 | +0.647% | $45K | $109K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Variational Omni PONS
Lighter PONS
Hyperliquid PONS
Gate PONS_USDT
Aster PONSUSDT
Bitget PONSUSDT
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
BingX PONS-USDT
KuCoin PONSUSDTM
Bybit PONSUSDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Phoenix PONS