PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0422%/8h= +46.2% APRnext payment +$2.11 per $10,000 · paid last 24h +0.084%

Price spread now: MEXC against HTX−0.538%50s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$286as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3323.316% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.453%+$45 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.538%, 7d avg −0.037%

Together, before fees+0.412%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.501% cheaper against HTX than usual: you would sell low and buy high (spread −0.538% now, against its 7-day average of −0.037%). If the spread goes back, that is −$50 on $10k: about 4.0 days of funding at the current rate (+$13 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5998	0.0100	pay 0.0050% / 4h	1h 07m	$64K	$509K	20x
Short	MEXC PONS_USDT	0.5966	0.0522	get 0.0261% / 4h	1h 07m	$7.6M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.538%Rate

Funding earned: $88.62
Price spread: −0.538% → −0.037%: −$50.14
Slippage, 4 orders: −$319.59
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$293.11
Costs to cover: 3.316%
Break-even: 30.2 days

Slippage from HTX: live order book, 56 min ago; MEXC: live order book, just now.

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, 56 min ago	29.48 bp	166.7 bp −$167	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, just now	0.84 bp	4.3 bp −$4	11.3 bp −$113	348.3 bp −$34.8K	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	0.5959	−0.663%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.480%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5968	−0.505%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5981	−0.290%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5974	−0.402%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5970	−0.468%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5966	−0.537%	$26K	$527K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5998	long leg	$64K	$509K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5989	−0.155%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0178%	4h	0.6018	+0.334%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0216%	1h	0.5968	−0.505%	$372	—	3x	as long as short
Gate PONS_USDT	+0.0218%	4h	0.5971	−0.455%	$5.2M	$6.3M	20x	as long as short
Nado PONS-PERP	+0.0240%	1h	0.5970	−0.464%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0280%	1h	0.5985	−0.215%	$416K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0312%	4h	0.5964	−0.572%	$13.5M	$54.6M	20x	as long as short
Lighter PONS	+0.0336%	1h	0.5986	−0.205%	$1.7M	$877K	3x	as long as short
Bitget PONSUSDT	+0.0422%	4h	0.5968	−0.500%	$4.7M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0427%	4h	0.5978	−0.334%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.5963	−0.595%	$1.6M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0497%	4h	0.5963	−0.589%	$17.8M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.5970	−0.472%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0520%	1h	0.5965	−0.555%	$248K	$671K	5x	as long as short
MEXC PONS_USDTshort	+0.0522%	4h	0.5966	−0.538%	$7.6M	$4.7M	20x
Binance PONSUSDT	+0.0522%	4h	0.5970	−0.472%	$39.3M	$94.7M	20x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.5994	−0.076%	$18K	$292K	10x	as long as short
Pacifica PONS	+0.0755%	1h	0.5980	−0.308%	$47K	$69K	3x	as long as short
Hyperliquid PONS	+0.0758%	1h	0.5966	−0.543%	$60.8M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0772%	4h	0.5997	−0.022%	$1.7M	$963K	20x	as long as short
Polymarket Perps PONS-USD	+0.0848%	1h	0.5966	−0.535%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5996	−0.047%	$31K	$98K	3x	as long as short