Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against HTX−0.007%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PONS-USDT0.59230.0100pay 0.0050% / 4h1h 57m$64K$524K20x
ShortOrderly PERP_PONS_USDC_mythos0.59230.0100get 0.0050% / 4h1h 57m$2K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
−$0.05
Price spread: −0.007% → 0.000%
−$0.68
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$18.73
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 51 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 51 min ago39.41 bp133.0 bp −$133doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0032%1h0.5910−0.229%$235K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+0.783%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5911−0.206%$408K$2.5M3xas long as short
Popdex PONSUSDT+0.0096%1h0.5901−0.373%$21K$422K20xas long as short
Orderly PERP_PONS_USDC_mythosshort+0.0100%4h0.5923−0.007%$2K$3K10x
Nado PONS-PERP+0.0100%1h0.5901−0.373%$69K$131K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5913−0.169%$29K$329K5xas long as short
SunX PONS-USDT+0.0100%4h0.5924+0.008%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5917−0.105%$25K$589K3xas long as short
HTX PONS-USDTlong+0.0100%4h0.5923long leg$64K$524K20x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.5914−0.154%$1.6M$3.2M20xas long as short
Aevo PONS-PERP+0.0232%1h0.5917−0.111%$3693xas long as short
Gate PONS_USDT+0.0260%4h0.5897−0.441%$5.2M$6.3M20xas long as short
Hyperliquid PONS+0.0318%1h0.5915−0.137%$60.1M$29.6M3xas long as short
OKX PONS-USDT-SWAP+0.0420%4h0.5902−0.356%$13.3M$55.6M20xas long as short
Aster PONSUSDT+0.0475%4h0.5904−0.316%$1.1M$2.2M20xas long as short
Pacifica PONS+0.0556%1h0.5907−0.267%$45K$69K3xas long as short
MEXC PONS_USDT+0.0580%4h0.5908−0.255%$7.5M$4.7M20xas long as short
Binance PONSUSDT+0.0582%4h0.5903−0.338%$37.2M$98.5M20xas long as short
Extended PONS-USD+0.0584%1h0.5902−0.358%$101K$811K5xas long as short
edgeX PONSUSDC+0.0599%4h0.5920−0.057%$20K$293K10xas long as short
Bitget PONSUSDT+0.0650%4h0.5903−0.343%$4.7M$12.2M20xas long as short
Variational Omni PONS+0.0651%4h0.5917−0.096%$1.4M$4.1Mas long as short
Polymarket Perps PONS-USD+0.0664%1h0.5925+0.032%$89K$1.9M3xas long as short
KuCoin PONSUSDTM+0.0684%4h0.5901−0.378%$1.6M$3.8M20xas long as short
BloFin PONS-USDT+0.0829%4h0.5919−0.069%$1.7M$959K20xas long as short
BingX PONS-USDT+0.0898%4h0.5901−0.373%$3.0Mas long as short
Bybit PONSUSDT+0.0921%4h0.5900−0.390%$17.6M$31.5M20xas long as short
Lighter PONS+0.0976%1h0.5911−0.206%$1.6M$822K3xas long as short
Phoenix PONS+0.1719%1h0.5909−0.245%$45K$120K3xas long as short