Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX+0.274%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$567as in the Funding arb table

Net, price: spread back to 7d avg − costs−$540as in the Price arb table

costs, in and out, $10k−$5675.674% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.418%−$42 · spread now +0.274%, 7d avg −0.001%

Together, before fees−0.418%−$42 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: HTX is 0.275% dearer against SunX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5917	0.0100	pay 0.0050% / 4h	3h 09m	—	$1.3M	10x
Short	HTX PONS-USDT	0.5933	0.0100	get 0.0050% / 4h	3h 09m	$64K	$512K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now +0.274%Rate

Funding earned: $0
Price spread: +0.274% → −0.001%: $27.47
Slippage, 4 orders: −$547.43
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$539.96
Costs to cover: 5.674%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; HTX: live order book, 44 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 SunX live order book, 4 min ago	104.57 bp	123.2 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 44 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	0.5905	−0.197%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.889%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5912	−0.090%	$416K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5911	−0.100%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5915	−0.029%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5935	+0.303%	$34K	$339K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5918	+0.015%	$2K	$3K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5917	long leg	—	$1.3M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5912	−0.081%	$25K	$541K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.5933	+0.274%	$64K	$512K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5923	+0.103%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5914	−0.049%	$368	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0353%	4h	0.5915	−0.032%	$13.5M	$54.1M	20x	as long as short
Gate PONS_USDT	+0.0382%	4h	0.5914	−0.049%	$5.2M	$6.3M	20x	as long as short
Lighter PONS	+0.0440%	1h	0.5915	−0.035%	$1.6M	$894K	3x	as long as short
Variational Omni PONS	+0.0440%	4h	0.5911	−0.093%	$1.4M	$4.0M	—	as long as short
Hyperliquid PONS	+0.0476%	1h	0.5914	−0.042%	$60.5M	$28.1M	3x	as long as short
Aster PONSUSDT	+0.0509%	4h	0.5906	−0.188%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0538%	4h	0.5917	+0.005%	$4.6M	$11.6M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.5911	−0.095%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.5916	−0.015%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0608%	4h	0.5915	−0.030%	$38.7M	$94.2M	20x	as long as short
edgeX PONSUSDC	+0.0610%	4h	0.5945	+0.472%	$18K	$292K	10x	as long as short
BingX PONS-USDT	+0.0716%	4h	0.5917	+0.002%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0735%	1h	0.5914	−0.057%	$80K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0740%	4h	0.5914	−0.047%	$1.6M	$3.8M	20x	as long as short
Bybit PONSUSDT	+0.0826%	4h	0.5913	−0.066%	$17.6M	$30.7M	20x	as long as short
BloFin PONS-USDT	+0.0848%	4h	0.5922	+0.086%	$1.7M	$942K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.5915	−0.026%	$46K	$68K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.5945	+0.480%	$45K	$109K	3x	as long as short