PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$1.16 per $10,000 · paid last 24h +0.030%

Price spread now: OKX against HTX−0.153%7-day average −0.069% · 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−$321as in the Price arb table

costs, in and out, $10k−$3133.128% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.153%, 7d avg −0.069%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.084% cheaper against HTX than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of −0.069%). If the spread goes back, that is −$8 on $10k: about 29 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6065	0.0100	pay 0.0050% / 4h	18m 49s	$66K	$512K	20x
Short	OKX PONS-USDT-SWAP	0.6056	0.0332	get 0.0166% / 4h	18m 49s	$13.8M	$55.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.153%Rate

Funding earned: $48.71
Price spread: −0.153% → −0.069%: −$8.44
Slippage, 4 orders: −$290.84
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$272.56
Costs to cover: 3.128%
Break-even: 46.2 days

Slippage from HTX: live order book, 40 min ago; OKX: live order book, 5 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, 40 min ago	39.36 bp	108.5 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.83 bp	11.9 bp −$12	30.7 bp −$307	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 +0.0033% / S −0.0032%	1h	0.6057	−0.129%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.579%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6069	+0.061%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6054	−0.195%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6073	+0.130%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6071	+0.101%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6069	+0.053%	$26K	$534K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6065	long leg	$66K	$512K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6058	−0.120%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6068	+0.036%	$378	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0241%	4h	0.6050	−0.246%	$1.4M	$4.0M	—	as long as short
Gate PONS_USDT	+0.0266%	4h	0.6057	−0.137%	$5.3M	$6.3M	20x	as long as short
Nado PONS-PERP	+0.0295%	1h	0.6069	+0.061%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAPshort	+0.0332%	4h	0.6056	−0.153%	$13.8M	$55.7M	20x
Lighter PONS	+0.0400%	1h	0.6060	−0.089%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0480%	4h	0.6059	−0.101%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0480%	4h	0.6059	−0.104%	$18.1M	$30.8M	20x	as long as short
Aster PONSUSDT	+0.0488%	4h	0.6062	−0.058%	$1.1M	$2.1M	20x	as long as short
Lighter RH PONS	+0.0520%	1h	0.6060	−0.089%	$413K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0570%	4h	0.6057	−0.137%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0605%	4h	0.6041	−0.406%	$18K	$292K	10x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6057	−0.130%	$108K	$813K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.6060	−0.087%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0609%	4h	0.6059	−0.104%	$39.6M	$95.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0670%	4h	0.6059	−0.104%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0801%	1h	0.6061	−0.068%	$61.9M	$28.3M	3x	as long as short
BloFin PONS-USDT	+0.0849%	4h	0.6067	+0.028%	$1.7M	$962K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6066	+0.005%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0893%	1h	0.6068	+0.046%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6049	−0.275%	$31K	$104K	3x	as long as short