Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.239%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$650as in the Funding arb table

Net, price: spread back to 7d avg − costs−$673as in the Price arb table

costs, in and out, $10k−$6506.499% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.716%+$72 · spread now −0.239%, 7d avg −0.005%

Together, before fees+0.716%+$72 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.233% cheaper against HTX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6241	0.0100	pay 0.0050% / 4h	3h 27m	$66K	$527K	20x
Short	SunX PONS-USDT	0.6226	0.0100	get 0.0050% / 4h	3h 27m	—	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.239%Rate

Funding earned: $0
Price spread: −0.239% → −0.005%: −$23.33
Slippage, 4 orders: −$629.92
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$673.25
Costs to cover: 6.499%
Break-even: never at this rate

Slippage from HTX: live order book, 6 min ago; SunX: live order book, 6 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, 6 min ago	32.92 bp	140.9 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	139.88 bp	160.0 bp −$160	doesn't fit	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 +0.0032% / S −0.0030%	1h	0.6207	−0.550%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.847%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6227	−0.224%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6229	−0.192%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6210	−0.494%	$31K	$289K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6217	−0.393%	$73K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6234	−0.104%	$2K	$4K	10x	as long as short
SunX PONS-USDTshort	+0.0100%	4h	0.6226	−0.239%	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.6221	−0.312%	$26K	$631K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6241	long leg	$66K	$527K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6222	−0.304%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6233	−0.120%	$388	—	3x	as long as short
Hyperliquid PONS	+0.0298%	1h	0.6217	−0.393%	$63.7M	$30.7M	3x	as long as short
Lighter RH PONS	+0.0328%	1h	0.6227	−0.221%	$421K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0421%	4h	0.6216	−0.401%	$14.3M	$60.5M	20x	as long as short
Aster PONSUSDT	+0.0438%	4h	0.6221	−0.326%	$1.1M	$2.3M	20x	as long as short
Lighter PONS	+0.0464%	1h	0.6228	−0.208%	$1.7M	$869K	3x	as long as short
KuCoin PONSUSDTM	+0.0474%	4h	0.6222	−0.298%	$1.7M	$4.1M	20x	as long as short
Variational Omni PONS	+0.0560%	4h	0.6185	−0.898%	$1.6M	$4.5M	—	as long as short
edgeX PONSUSDC	+0.0634%	4h	0.6196	−0.722%	$20K	$293K	10x	as long as short
Extended PONS-USD	+0.0648%	1h	0.6227	−0.221%	$105K	$822K	5x	as long as short
MEXC PONS_USDT	+0.0650%	4h	0.6220	−0.336%	$8.0M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0650%	4h	0.6223	−0.288%	$40.9M	$104.4M	20x	as long as short
Bitget PONSUSDT	+0.0722%	4h	0.6224	−0.266%	$5.0M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6234	−0.120%	$47K	$78K	3x	as long as short
BloFin PONS-USDT	+0.0890%	4h	0.6222	−0.304%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.0936%	4h	0.6219	−0.353%	—	$3.2M	—	as long as short
Gate PONS_USDT	+0.0956%	4h	0.6220	−0.336%	$5.4M	$6.4M	20x	as long as short
Bybit PONSUSDT	+0.0964%	4h	0.6217	−0.385%	$18.7M	$33.2M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6199	−0.675%	$47K	$159K	3x	as long as short