Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX−0.042%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$410as in the Funding arb table

Net, price: spread back to 7d avg − costs−$419as in the Price arb table

costs, in and out, $10k−$4104.097% of the position

Long on HTX Short on ApeX Omni

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)−0.258%−$26 · spread now −0.042%, 7d avg +0.051%

Together, before fees−0.258%−$26 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: ApeX Omni is 0.093% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6219	0.0100	pay 0.0050% / 4h	3h 25m	$66K	$528K	20x
Short	ApeX Omni PONSUSDT	0.6217	0.0100	get 0.0013% / 1h	25m 25s	$31K	$290K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.051%: −$9.3
Slippage, 4 orders: −$387.7
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$419
Costs to cover: 4.097%
Break-even: never at this rate

Slippage from HTX: live order book, 8 min ago; ApeX Omni: live order book, 7 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 HTX live order book, 8 min ago	32.92 bp	140.9 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 7 min ago	31.45 bp	39.9 bp −$40	127.7 bp −$1,277	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 +0.0032% / S −0.0030%	1h	0.6243	+0.375%	$244K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.515%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6253	+0.542%	$23K	$436K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6244	+0.394%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDTshort	+0.0100%	1h	0.6217	−0.042%	$31K	$290K	5x
Polymarket Perps PONS-USD	+0.0100%	1h	0.6240	+0.341%	$73K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6257	+0.609%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6213	−0.101%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6221	+0.026%	$26K	$631K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6219	long leg	$66K	$528K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6215	−0.069%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6252	+0.519%	$389	—	3x	as long as short
Lighter RH PONS	+0.0304%	1h	0.6237	+0.281%	$422K	$2.7M	3x	as long as short
Hyperliquid PONS	+0.0307%	1h	0.6250	+0.500%	$64.0M	$30.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0433%	4h	0.6253	+0.542%	$14.3M	$60.7M	20x	as long as short
Aster PONSUSDT	+0.0434%	4h	0.6241	+0.350%	$1.1M	$2.3M	20x	as long as short
Lighter PONS	+0.0456%	1h	0.6241	+0.342%	$1.7M	$869K	3x	as long as short
KuCoin PONSUSDTM	+0.0480%	4h	0.6252	+0.519%	$1.7M	$4.1M	20x	as long as short
Variational Omni PONS	+0.0562%	4h	0.6214	−0.081%	$1.6M	$4.5M	—	as long as short
Extended PONS-USD	+0.0648%	1h	0.6244	+0.404%	$105K	$821K	5x	as long as short
Binance PONSUSDT	+0.0648%	4h	0.6256	+0.598%	$41.1M	$104.3M	20x	as long as short
MEXC PONS_USDT	+0.0650%	4h	0.6256	+0.590%	$8.0M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0656%	4h	0.6224	+0.073%	$21K	$291K	10x	as long as short
Bitget PONSUSDT	+0.0724%	4h	0.6259	+0.637%	$5.0M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6238	+0.301%	$47K	$78K	3x	as long as short
BloFin PONS-USDT	+0.0890%	4h	0.6222	+0.043%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.0936%	4h	0.6253	+0.542%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.0998%	4h	0.6252	+0.526%	$18.8M	$33.3M	20x	as long as short
Gate PONS_USDT	+0.1046%	4h	0.6241	+0.349%	$5.4M	$6.4M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6229	+0.148%	$47K	$159K	3x	as long as short