Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.027%

Price spread now: Aevo against HTX−0.029%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.029% cheaper against HTX than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5879	0.0100	pay 0.0050% / 4h	2h 12m	$63K	$505K	20x
Short	Aevo PONS-PERP	0.5877	0.0128	get 0.0016% / 1h	12m 05s	$366	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.029%Rate

Funding earned: $5.88
Price spread: −0.029% → 0.000%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$25.01
Costs to cover: 0.280%
Break-even: 36.8 days

Slippage unknown: HTX: live order book, 11 min ago; Aevo: no order-book sample. Net counts fees only.

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 HTX live order book, 11 min ago	14.23 bp	125.6 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0034%	1h	0.5872	−0.114%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.687%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5875	−0.071%	$21K	$443K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5872	−0.122%	$17.5M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5873	−0.105%	$13.3M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5875	−0.075%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5877	−0.029%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	+0.443%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5909	+0.509%	$34K	$336K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5883	+0.065%	$2K	$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	0.5883	+0.061%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5873	−0.100%	$27K	$549K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5879	long leg	$63K	$505K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5871	−0.139%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0103%	1h	0.5874	−0.082%	$89K	$103K	5x	as long as short
Aevo PONS-PERPshort	+0.0128%	1h	0.5877	−0.029%	$366	—	3x
Aster PONSUSDT	+0.0168%	4h	0.5874	−0.086%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5876	−0.052%	$105K	$533K	5x	as long as short
Binance PONSUSDT	+0.0177%	4h	0.5876	−0.056%	$38.2M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5876	−0.054%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0181%	4h	0.5873	−0.105%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5909	+0.500%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0358%	1h	0.5875	−0.075%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0422%	4h	0.5890	+0.184%	$1.7M	$964K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5876	−0.054%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0488%	1h	0.5878	−0.021%	$58.9M	$30.1M	3x	as long as short
Lighter RH PONS	+0.0536%	1h	0.5878	−0.012%	$413K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0760%	4h	0.5872	−0.122%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.0992%	1h	0.5880	+0.015%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5911	+0.534%	$30K	$86K	3x	as long as short