PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0237%/8h= −26.0% APRnext payment −$1.19 per $10,000 · paid last 24h −0.026%

Price spread now: HTX against OKX−0.027%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$373as in the Funding arb table

Net, price: spread back to 7d avg − costs−$355as in the Price arb table

costs, in and out, $10k−$3463.457% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.027%, 7d avg +0.069%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.096% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6020	0.0337	pay 0.0169% / 4h	3h 51m	$13.7M	$55.5M	20x
Short	HTX PONS-USDT	0.6018	0.0100	get 0.0050% / 4h	3h 51m	$65K	$513K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$49.86
Price spread: −0.027% → +0.069%: −$9.55
Slippage, 4 orders: −$323.67
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$405.08
Costs to cover: 3.457%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; HTX: live order book, 2 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 OKX live order book, 2 min ago	0.83 bp	10.7 bp −$11	21.9 bp −$219	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	40.47 bp	159.9 bp −$160	1482.8 bp −$14.8K	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 +0.0033% / S −0.0032%	1h	0.6025	+0.090%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.839%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6023	+0.050%	$21K	$435K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6021	+0.025%	$71K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6054	+0.558%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6031	+0.189%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6035	+0.252%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6023	+0.050%	$26K	$538K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6018	−0.027%	$65K	$513K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6021	+0.017%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6025	+0.090%	$375	—	3x	as long as short
Variational Omni PONS	+0.0298%	4h	0.6012	−0.134%	$1.4M	$3.9M	—	as long as short
OKX PONS-USDT-SWAPlong	+0.0337%	4h	0.6020	long leg	$13.7M	$55.5M	20x
Aster PONSUSDT	+0.0484%	4h	0.6024	+0.065%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0506%	4h	0.6023	+0.048%	$4.6M	$11.6M	20x	as long as short
Lighter PONS	+0.0568%	1h	0.6022	+0.037%	$1.7M	$891K	3x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6022	+0.033%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0612%	4h	0.6021	+0.017%	$7.6M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0616%	1h	0.6020	+0.005%	$108K	$813K	5x	as long as short
Binance PONSUSDT	+0.0621%	4h	0.6019	−0.021%	$39.4M	$95.4M	20x	as long as short
edgeX PONSUSDC	+0.0622%	4h	0.6045	+0.407%	$18K	$293K	10x	as long as short
Lighter RH PONS	+0.0688%	1h	0.6022	+0.032%	$419K	$2.5M	3x	as long as short
Hyperliquid PONS	+0.0692%	1h	0.6020	+0.008%	$61.6M	$28.4M	3x	as long as short
KuCoin PONSUSDTM	+0.0702%	4h	0.6022	+0.032%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0847%	1h	0.6036	+0.272%	$73K	$1.6M	3x	as long as short
BloFin PONS-USDT	+0.0854%	4h	0.6052	+0.532%	$1.8M	$964K	20x	as long as short
Gate PONS_USDT	+0.1042%	4h	0.6019	−0.017%	$5.3M	$6.1M	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.6021	+0.018%	$47K	$67K	3x	as long as short
Bybit PONSUSDT	+0.1110%	4h	0.6021	+0.017%	$18.0M	$30.9M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6036	+0.257%	$40K	$109K	3x	as long as short