Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.026%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$583as in the Funding arb table

Net, price: spread back to 7d avg − costs−$587as in the Price arb table

costs, in and out, $10k−$5835.826% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.360%+$36 · spread now −0.026%, 7d avg +0.015%

Together, before fees+0.360%+$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.041% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5866	0.0100	pay 0.0050% / 4h	2h 36m	$63K	$504K	20x
Short	SunX PONS-USDT	0.5864	0.0100	get 0.0050% / 4h	2h 36m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.015%: −$4.06
Slippage, 4 orders: −$562.6
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$586.65
Costs to cover: 5.826%
Break-even: never at this rate

Slippage from HTX: live order book, 51 min ago; SunX: live order book, 8 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, 51 min ago	17.23 bp	145.9 bp −$146	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	106.37 bp	126.7 bp −$127	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 +0.0032% / S −0.0034%	1h	0.5856	−0.158%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.919%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5864	−0.029%	$21K	$447K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5863	−0.046%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5864	−0.029%	$13.4M	$55.7M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5856	−0.165%	$5.1M	$6.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5862	−0.060%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5870	+0.078%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5819	−0.804%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5822	−0.740%	$34K	$329K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5863	−0.048%	$2K	$3K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.5864	−0.026%	—	$1.4M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5863	−0.041%	$27K	$549K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5866	long leg	$63K	$504K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5865	−0.012%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5858	−0.136%	$365	—	3x	as long as short
Extended PONS-USD	+0.0152%	1h	0.5865	−0.005%	$104K	$531K	5x	as long as short
MEXC PONS_USDT	+0.0154%	4h	0.5865	−0.012%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0154%	4h	0.5868	+0.039%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0161%	4h	0.5866	+0.005%	$38.1M	$98.3M	20x	as long as short
edgeX PONSUSDC	+0.0163%	4h	0.5834	−0.549%	$20K	$292K	10x	as long as short
Nado PONS-PERP	+0.0166%	1h	0.5863	−0.050%	$89K	$103K	5x	as long as short
Aster PONSUSDT	+0.0197%	4h	0.5863	−0.048%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0333%	1h	0.5864	−0.026%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0396%	4h	0.5860	−0.097%	$1.7M	$961K	20x	as long as short
Lighter RH PONS	+0.0448%	1h	0.5868	+0.038%	$392K	$2.6M	3x	as long as short
Pacifica PONS	+0.0474%	1h	0.5857	−0.156%	$46K	$103K	3x	as long as short
Hyperliquid PONS	+0.0560%	1h	0.5868	+0.036%	$58.6M	$29.9M	3x	as long as short
Lighter PONS	+0.1024%	1h	0.5871	+0.084%	$1.7M	$881K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5836	−0.500%	$27K	$86K	3x	as long as short