PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.41 per $10,000 · paid last 24h −0.159%

Price spread now: HTX against BingX+0.234%52s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$392as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3273.274% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.646%−$65 on $10k

Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.234%, 7d avg +0.001%

Together, before fees−0.813%−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.233% dearer against BingX than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of +0.001%): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.5 days. At the pace of the last 7 days (−0.646% in total) that is about 2.5 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.6014	0.0182	pay 0.0091% / 4h	1h 05m	—	$3.1M	—
Short	HTX PONS-USDT	0.6028	0.0100	get 0.0050% / 4h	1h 05m	$65K	$506K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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 BingXbpFee HTXbpOrdersPrice spread, now +0.234%Rate

Funding earned: −$17.22
Price spread: +0.234% → +0.001%: $23.32
Slippage, 4 orders: −$305.4
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$321.3
Costs to cover: 3.274%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; HTX: live order book, 13 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 BingX live order book, 9 min ago	0.84 bp	10.7 bp −$11	34.8 bp −$348	420.8 bp −$42.1K	doesn't fit
Sell HTX live order book, 13 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
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6007	−0.118%	$226K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.740%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6016	+0.033%	$16K	$444K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6015	+0.017%	$18.0M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6015	+0.017%	$13.6M	$56.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6016	+0.028%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.6018	+0.068%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5976	−0.629%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6007	−0.116%	$35K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6024	+0.166%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6010	−0.068%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6017	+0.053%	$27K	$545K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6028	+0.234%	$65K	$506K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6011	−0.050%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.6017	+0.049%	$375	—	3x	as long as short
Aster PONSUSDT	+0.0134%	4h	0.6011	−0.043%	$1.1M	$2.2M	20x	as long as short
BingX PONS-USDTlong	+0.0182%	4h	0.6014	long leg	—	$3.1M	—
Extended PONS-USD	+0.0184%	1h	0.6017	+0.047%	$248K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0185%	4h	0.6003	−0.177%	$21K	$293K	10x	as long as short
MEXC PONS_USDT	+0.0186%	4h	0.6016	+0.033%	$7.9M	$5.0M	20x	as long as short
Binance PONSUSDT	+0.0187%	4h	0.6018	+0.067%	$39.2M	$97.8M	20x	as long as short
Nado PONS-PERP	+0.0204%	1h	0.6018	+0.066%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0272%	1h	0.6015	+0.013%	$424K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0424%	4h	0.6001	−0.216%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.6014	−0.008%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0495%	1h	0.6017	+0.055%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0632%	1h	0.6015	+0.012%	$1.7M	$1.0M	3x	as long as short
Hyperliquid PONS	+0.0687%	1h	0.6018	+0.071%	$60.9M	$30.1M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6015	+0.012%	$31K	$96K	3x	as long as short
Gate PONS_USDT	+0.1556%	4h	0.6007	−0.116%	$5.3M	$6.5M	20x	as long as short