PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0492%/8h= −53.8% APRnext payment −$2.46 per $10,000 · paid last 24h −0.108%

Price spread now: HTX against Bybit+0.230%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$387as in the Funding arb table

Net, price: spread back to 7d avg − costs−$334as in the Price arb table

costs, in and out, $10k−$3523.517% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.354%−$35 on $10k

Price spread, last 3 days (all we have)−0.290%−$29 · spread now +0.230%, 7d avg +0.058%

Together, before fees−0.643%−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.172% dearer against Bybit than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of +0.058%): +$17 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.354% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6033	0.0592	pay 0.0296% / 4h	3h 49m	$18.1M	$31.2M	20x
Short	HTX PONS-USDT	0.6047	0.0100	get 0.0050% / 4h	3h 49m	$64K	$510K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.230%Rate

Funding earned: −$103.22
Price spread: +0.230% → +0.058%: $17.25
Slippage, 4 orders: −$328.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$437.66
Costs to cover: 3.517%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 24 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 Bybit live order book, 4 min ago	1.65 bp	16.1 bp −$16	45.2 bp −$452	doesn't fit	doesn't fit
Sell HTX live order book, 24 min ago	27.26 bp	165.6 bp −$166	1530.7 bp −$15.3K	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 −0.0033%	1h	0.6030	−0.047%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.053%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6037	+0.068%	$422K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6059	+0.431%	$20K	$417K	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6032	−0.017%	$13.7M	$57.1M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6040	+0.116%	$5.3M	$6.1M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6040	+0.109%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6054	+0.346%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6036	+0.043%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6053	+0.327%	—	$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	0.6040	+0.109%	$27K	$553K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.6047	+0.230%	$64K	$510K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6045	+0.199%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0154%	4h	0.6053	+0.336%	$1.7M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6045	+0.191%	$377	—	3x	as long as short
Aster PONSUSDT	+0.0171%	4h	0.6039	+0.106%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0194%	4h	0.6040	+0.118%	$4.7M	$11.6M	20x	as long as short
Lighter PONS	+0.0256%	1h	0.6039	+0.096%	$1.7M	$894K	3x	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6042	+0.149%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6038	+0.079%	$250K	$683K	5x	as long as short
Binance PONSUSDT	+0.0308%	4h	0.6038	+0.083%	$39.5M	$97.8M	20x	as long as short
edgeX PONSUSDC	+0.0309%	4h	0.6043	+0.161%	$21K	$293K	10x	as long as short
BingX PONS-USDT	+0.0396%	4h	0.6039	+0.099%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0449%	1h	0.6056	+0.386%	$105K	$116K	5x	as long as short
BloFin PONS-USDT	+0.0548%	4h	0.6060	+0.448%	$1.8M	$1.0M	20x	as long as short
Bybit PONSUSDTlong	+0.0592%	4h	0.6033	long leg	$18.1M	$31.2M	20x
Pacifica PONS	+0.0665%	1h	0.6055	+0.367%	$48K	$87K	3x	as long as short
Polymarket Perps PONS-USD	+0.0738%	1h	0.6057	+0.404%	$42K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0887%	1h	0.6059	+0.431%	$61.6M	$29.7M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6044	+0.174%	$31K	$113K	3x	as long as short