Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against HTX−0.526%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.526% cheaper against HTX than usual: you would sell low and buy high, −$53 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PONS-USDT0.60450.0100pay 0.0050% / 4h1h 17m$64K$508K20x
ShortOrderly PERP_PONS_USDC_mythos0.60140.0100get 0.0050% / 4h1h 17m$2K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$0
Price spread: −0.526% → 0.000%
−$52.6
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$70.6
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 46 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 46 min ago29.48 bp166.7 bp −$167doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.6004−0.675%$238K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−1.254%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6024−0.352%$21K$434K20xas long as short
Gate PONS_USDT+0.0100%4h0.6005−0.667%$5.2M$6.3M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5984−1.021%$33K$351K5xas long as short
Orderly PERP_PONS_USDC_mythosshort+0.0100%4h0.6014−0.526%$2K$3K10x
SunX PONS-USDT+0.0100%4h0.6020−0.417%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6015−0.501%$26K$527K3xas long as short
HTX PONS-USDTlong+0.0100%4h0.6045long leg$64K$508K20x
Phemex PONSUSDT+0.0100%4h0.6014−0.518%$1.7M$3.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni PONS+0.0189%4h0.5977−1.132%$1.4M$3.9Mas long as short
Aevo PONS-PERP+0.0208%1h0.6007−0.628%$3743xas long as short
Nado PONS-PERP+0.0209%1h0.6022−0.385%$71K$129K5xas long as short
Lighter RH PONS+0.0216%1h0.6018−0.452%$415K$2.5M3xas long as short
Lighter PONS+0.0296%1h0.6018−0.452%$1.7M$875K3xas long as short
OKX PONS-USDT-SWAP+0.0298%4h0.6022−0.385%$13.6M$54.9M20xas long as short
Bitget PONSUSDT+0.0406%4h0.6022−0.390%$4.7M$11.3M20xas long as short
Aster PONSUSDT+0.0421%4h0.6011−0.570%$1.1M$2.1M20xas long as short
KuCoin PONSUSDTM+0.0430%4h0.6017−0.475%$1.7M$3.7M20xas long as short
BingX PONS-USDT+0.0488%4h0.6029−0.270%$3.0Mas long as short
Bybit PONSUSDT+0.0498%4h0.6025−0.336%$18.0M$30.6M20xas long as short
Extended PONS-USD+0.0504%1h0.6016−0.477%$249K$671K5xas long as short
MEXC PONS_USDT+0.0506%4h0.6019−0.435%$7.6M$4.7M20xas long as short
Binance PONSUSDT+0.0508%4h0.6029−0.270%$39.5M$94.3M20xas long as short
edgeX PONSUSDC+0.0511%4h0.6000−0.744%$18K$293K10xas long as short
Hyperliquid PONS+0.0727%1h0.6022−0.384%$61.3M$27.8M3xas long as short
BloFin PONS-USDT+0.0748%4h0.6026−0.319%$1.7M$967K20xas long as short
Pacifica PONS+0.0755%1h0.6017−0.470%$47K$70K3xas long as short
Polymarket Perps PONS-USD+0.0833%1h0.6018−0.452%$68K$1.6M3xas long as short
Phoenix PONS+0.1639%1h0.5961−1.390%$31K$98K3xas long as short