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% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni+0.098%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$391as in the Funding arb table

Net, price: spread back to 7d avg − costs−$374as in the Price arb table

costs, in and out, $10k−$3913.905% of the position

Long on ApeX Omni 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 3 days (all we have)−0.077%−$8 · spread now +0.098%, 7d avg −0.066%

Together, before fees−0.077%−$8 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 0.164% dearer against ApeX Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.6127	0.0100	pay 0.0013% / 1h	39m 21s	$33K	$359K	5x
Short	HTX PONS-USDT	0.6133	0.0100	get 0.0050% / 4h	39m 21s	$65K	$508K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → −0.066%: $16.41
Slippage, 4 orders: −$368.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$374.1
Costs to cover: 3.905%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; HTX: live order book, 39 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 ApeX Omni live order book, 38 min ago	28.62 bp	36.3 bp −$36	127.6 bp −$1,276	doesn't fit	doesn't fit
Sell HTX live order book, 39 min ago	19.60 bp	153.1 bp −$153	1491.2 bp −$14.9K	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.577%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0034%	1h	0.6101	−0.430%	$235K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6110	−0.284%	$20K	$442K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6110	−0.290%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6103	−0.398%	$18.4M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6102	−0.415%	$13.9M	$57.8M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6121	−0.109%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.6127	long leg	$33K	$359K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6112	−0.246%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6117	−0.171%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6112	−0.246%	$28K	$546K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6133	+0.098%	$65K	$508K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6108	−0.317%	$1.7M	$3.3M	20x	as long as short
Lighter RH PONS	+0.0104%	1h	0.6109	−0.300%	$428K	$2.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0132%	4h	0.6109	−0.294%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0136%	4h	0.6111	−0.274%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6116	−0.194%	$381	—	3x	as long as short
Aster PONSUSDT	+0.0175%	4h	0.6107	−0.335%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0272%	1h	0.6110	−0.284%	$1.7M	$921K	3x	as long as short
BingX PONS-USDT	+0.0296%	4h	0.6103	−0.398%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0300%	4h	0.6108	−0.317%	$39.9M	$98.6M	20x	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6109	−0.300%	$8.1M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6109	−0.307%	$253K	$682K	5x	as long as short
edgeX PONSUSDC	+0.0313%	4h	0.6123	−0.079%	$21K	$292K	10x	as long as short
BloFin PONS-USDT	+0.0534%	4h	0.6124	−0.055%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0704%	1h	0.6108	−0.310%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6109	−0.292%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0954%	1h	0.6112	−0.253%	$62.1M	$30.3M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6125	−0.042%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2150%	4h	0.6105	−0.366%	$5.4M	$6.3M	20x	as long as short