PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.055%

Price spread now: Aster against HTX−0.294%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$328as in the Funding arb table

Net, price: spread back to 7d avg − costs−$362as in the Price arb table

costs, in and out, $10k−$3403.404% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 3 days (all we have)+0.170%+$17 · spread now −0.294%, 7d avg −0.079%

Together, before fees+0.289%+ Points / potential airdropAster: Stage 5 · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.216% cheaper against HTX than usual: you would sell low and buy high (spread −0.294% now, against its 7-day average of −0.079%). If the spread goes back, that is −$22 on $10k: about 13 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6086	0.0100	pay 0.0050% / 4h	3h 59m	$65K	$511K	20x
Short	Aster PONSUSDT	0.6068	0.0155	get 0.0077% / 4h	3h 59m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.294%Rate

Funding earned: $11.52
Price spread: −0.294% → −0.079%: −$21.58
Slippage, 4 orders: −$320.37
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$350.43
Costs to cover: 3.404%
Break-even: 219.8 days

Slippage from HTX: live order book, 14 min ago; Aster: live order book, 4 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, 14 min ago	27.26 bp	152.5 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	5.01 bp	11.7 bp −$12	33.6 bp −$336	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	−1.909%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6065	−0.346%	$240K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6067	−0.307%	$424K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6071	−0.242%	$20K	$419K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6065	−0.340%	$18.2M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6066	−0.324%	$13.8M	$57.4M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6074	−0.189%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6100	+0.238%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6078	−0.131%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6074	−0.194%	—	$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	0.6069	−0.269%	$28K	$548K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6086	long leg	$65K	$511K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6067	−0.307%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0140%	4h	0.6063	−0.375%	$1.7M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6073	−0.209%	$378	—	3x	as long as short
Aster PONSUSDTshort	+0.0155%	4h	0.6068	−0.294%	$1.1M	$2.2M	20x
Bitget PONSUSDT	+0.0176%	4h	0.6071	−0.246%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0225%	1h	0.6075	−0.180%	$105K	$116K	5x	as long as short
BingX PONS-USDT	+0.0296%	4h	0.6074	−0.192%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0299%	4h	0.6068	−0.289%	$39.8M	$98.0M	20x	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6066	−0.324%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6067	−0.305%	$252K	$681K	5x	as long as short
edgeX PONSUSDC	+0.0312%	4h	0.6092	+0.105%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0344%	1h	0.6068	−0.297%	$1.7M	$894K	3x	as long as short
BloFin PONS-USDT	+0.0542%	4h	0.6077	−0.143%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0656%	1h	0.6071	−0.243%	$41K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6067	−0.308%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	−0.012%	$31K	$102K	3x	as long as short
Hyperliquid PONS	+0.1349%	1h	0.6069	−0.268%	$61.8M	$29.9M	3x	as long as short
Gate PONS_USDT	+0.2064%	4h	0.6073	−0.209%	$5.3M	$6.4M	20x	as long as short