PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1884%/8h= +206.3% APRnext payment +$9.42 per $10,000 · paid last 24h +0.094%

Price spread now: Gate against HTX−0.200%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$363as in the Price arb table

costs, in and out, $10k−$3523.520% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.433%+$43 on $10k

Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.200%, 7d avg −0.086%

Together, before fees+0.532%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.114% cheaper against HTX than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of −0.086%). If the spread goes back, that is −$11 on $10k: about 5 hours of funding at the current rate (+$57 a day). At the pace of the last 7 days (+0.433% in total) that is about 44 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.433% in total (about 22.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6164	0.0100	pay 0.0050% / 4h	50m 15s	$65K	$509K	20x
Short	Gate PONS_USDT	0.6152	0.1984	get 0.0992% / 4h	50m 15s	$5.4M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.200%Rate

Funding earned: $395.64
Price spread: −0.200% → −0.086%: −$11.39
Slippage, 4 orders: −$325.02
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $32.23
Costs to cover: 3.520%
Break-even: 6.4 days

Slippage from HTX: live order book, 28 min ago; Gate: live order book, 3 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, 28 min ago	19.60 bp	154.5 bp −$155	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.63 bp	21.3 bp −$21	86.0 bp −$860	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	−3.160%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6150	−0.236%	$231K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6157	−0.118%	$20K	$461K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6157	−0.116%	$87K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6155	−0.151%	$18.6M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6155	−0.151%	$14.0M	$58.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6156	−0.140%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6139	−0.415%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6163	−0.024%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6163	−0.015%	$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	0.6161	−0.052%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6154	−0.162%	$28K	$547K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6164	long leg	$65K	$509K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6147	−0.281%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0116%	4h	0.6156	−0.138%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6158	−0.102%	$384	—	3x	as long as short
Aster PONSUSDT	+0.0208%	4h	0.6148	−0.265%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0252%	4h	0.6109	−0.892%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0272%	4h	0.6156	−0.135%	—	$3.1M	—	as long as short
Extended PONS-USD	+0.0288%	1h	0.6159	−0.088%	$254K	$682K	5x	as long as short
Binance PONSUSDT	+0.0291%	4h	0.6158	−0.102%	$40.1M	$99.3M	20x	as long as short
MEXC PONS_USDT	+0.0294%	4h	0.6156	−0.135%	$8.2M	$4.8M	20x	as long as short
Lighter PONS	+0.0464%	1h	0.6158	−0.102%	$1.7M	$921K	3x	as long as short
BloFin PONS-USDT	+0.0535%	4h	0.6149	−0.248%	$1.7M	$1.0M	20x	as long as short
Lighter RH PONS	+0.0592%	1h	0.6157	−0.112%	$433K	$2.6M	3x	as long as short
Polymarket Perps PONS-USD	+0.0771%	1h	0.6159	−0.092%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6153	−0.186%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.1093%	1h	0.6158	−0.096%	$62.7M	$30.7M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6117	−0.767%	$31K	$102K	3x	as long as short
Gate PONS_USDTshort	+0.1984%	4h	0.6152	−0.200%	$5.4M	$6.2M	20x