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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Orderly+0.246%7-day average · you sell dearer than you buy
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: HTX is 0.246% dearer against Orderly than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_PONS_USDC_mythos0.62200.0100pay 0.0050% / 4h3h 55m$2K$4K10x
ShortHTX PONS-USDT0.62350.0100get 0.0050% / 4h3h 55m$67K$533K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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: +0.246% → 0.000%
$24.6
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
$6.6
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 43 min ago. 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 Orderly no order-book sample
Sell HTX live order book, 43 min ago39.13 bp192.0 bp −$192doesn't fitdoesn't fitdoesn't fit
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
Phemex PONSUSDT−0.2639%4h0.6203−0.273%$1.7M$3.2M20xas long as short
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0030%1h0.6207−0.205%$243K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5938−4.526%$610$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6221+0.016%$23K$444K20xas long as short
Nado PONS-PERP+0.0100%1h0.6223+0.043%$73K$130K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6202−0.291%$31K$299K5xas long as short
Polymarket Perps PONS-USD+0.0100%1h0.6209−0.185%$73K$2.3M3xas long as short
Orderly PERP_PONS_USDC_mythoslong+0.0100%4h0.6220long leg$2K$4K10x
SunX PONS-USDT+0.0100%4h0.6227+0.105%$1.2M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6209−0.185%$26K$610K3xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PONS-USDTshort+0.0100%4h0.6235+0.246%$67K$533K20x
Hyperliquid PONS+0.0163%1h0.6209−0.177%$63.5M$31.0M3xas long as short
Aevo PONS-PERP+0.0232%1h0.6212−0.124%$3873xas long as short
OKX PONS-USDT-SWAP+0.0385%4h0.6202−0.289%$14.1M$60.9M20xas long as short
Aster PONSUSDT+0.0451%4h0.6209−0.170%$1.1M$2.3M20xas long as short
KuCoin PONSUSDTM+0.0480%4h0.6207−0.206%$1.6M$4.1M20xas long as short
Variational Omni PONS+0.0494%4h0.6148−1.163%$1.6M$4.3Mas long as short
edgeX PONSUSDC+0.0598%4h0.6206−0.220%$20K$290K10xas long as short
MEXC PONS_USDT+0.0602%4h0.6207−0.209%$7.9M$4.6M20xas long as short
Binance PONSUSDT+0.0615%4h0.6208−0.190%$40.6M$104.6M20xas long as short
Extended PONS-USD+0.0616%1h0.6213−0.106%$105K$827K5xas long as short
Bitget PONSUSDT+0.0680%4h0.6206−0.227%$5.0M$13.0M20xas long as short
Lighter RH PONS+0.0696%1h0.6209−0.170%$421K$2.7M3xas long as short
BloFin PONS-USDT+0.0843%4h0.6239+0.305%$1.8M$1.1M20xas long as short
Pacifica PONS+0.0853%1h0.6233+0.211%$47K$77K3xas long as short
Bybit PONSUSDT+0.0981%4h0.6205−0.241%$18.6M$33.1M20xas long as short
Lighter PONS+0.1096%1h0.6213−0.109%$1.7M$843K3xas long as short
Phoenix PONS+0.1405%1h0.6261+0.661%$48K$159K3xas long as short
BingX PONS-USDT+0.2020%4h0.6209−0.177%$3.3Mas long as short
Gate PONS_USDT+0.2300%4h0.6204−0.257%$5.4M$6.3M20xas long as short