Funding you earn now, next payment 08:00 UTC−0.0312%/8h= −34.2% APRnext payment −$1.56 per $10,000 · paid last 24h −0.026%
Price spread now: HTX against OKX+0.269%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$392as in the Funding arb table
Net, price: spread back to 7d avg − costs−$345as in the Price arb table
costs, in and out, $10k−$3653.646% of the position
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 4 days (all we have)−0.342%−$34 · spread now +0.269%, 7d avg +0.072%
=The price spread pays, funding is against you. HTX is 0.198% dearer against OKX than usual: you sell high and buy low (spread +0.269% now, against its 7-day average of +0.072%): +$20 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.277% in total) that is about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PONS-USDT-SWAP | 0.6162 | 0.0412 | pay 0.0206% / 4h | 10m 45s | $14.0M | $60.7M | 20x |
| Short | HTX PONS-USDT | 0.6179 | 0.0100 | get 0.0050% / 4h | 10m 45s | $67K | $536K | 20x |
OKX PONS-USDT-SWAP
HTX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$65.5
- Price spread: +0.269% → +0.072%
- $19.78
- Slippage, 4 orders
- −$342.6
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$410.31
- Costs to cover
- 3.646%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; HTX: live order book, 28 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 OKX live order book, 3 min ago | 0.81 bp | 14.2 bp −$14 | 35.5 bp −$355 | doesn't fit | doesn't fit |
| Sell HTX live order book, 28 min ago | 39.13 bp | 192.0 bp −$192 | 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 −0.0029% | 1h | 0.6152 | −0.157% | $234K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6164 | +0.032% | $22K | $455K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6158 | −0.072% | $72K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6165 | +0.044% | $30K | $299K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6162 | +0.008% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6156 | −0.099% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6158 | −0.070% | $26K | $639K | 3x | as long as short |
| HTX PONS-USDTshort | +0.0100% | 4h | 0.6179 | +0.269% | $67K | $536K | 20x | |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6161 | −0.016% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6160 | −0.028% | $384 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
Phemex PONSUSDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX PONS-USDT-SWAPlong | +0.0412% | 4h | 0.6162 | long leg | $14.0M | $60.7M | 20x | |
| Gate PONS_USDT | +0.0438% | 4h | 0.6156 | −0.097% | $5.5M | $6.6M | 20x | as long as short |
| Aster PONSUSDT | +0.0465% | 4h | 0.6160 | −0.038% | $1.1M | $2.4M | 20x | as long as short |
| Variational Omni PONS | +0.0501% | 4h | 0.6158 | −0.069% | $1.5M | $4.2M | — | as long as short |
| Lighter PONS | +0.0512% | 1h | 0.6165 | +0.054% | $1.7M | $858K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0514% | 4h | 0.6164 | +0.039% | $1.6M | $4.0M | 20x | as long as short |
| Lighter RH PONS | +0.0528% | 1h | 0.6163 | +0.010% | $416K | $2.7M | 3x | as long as short |
| Pacifica PONS | +0.0572% | 1h | 0.6162 | +0.006% | $46K | $77K | 3x | as long as short |
| Hyperliquid PONS | +0.0581% | 1h | 0.6155 | −0.117% | $62.8M | $30.6M | 3x | as long as short |
| Binance PONSUSDT | +0.0599% | 4h | 0.6163 | +0.023% | $40.0M | $105.2M | 20x | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.6159 | −0.056% | $103K | $827K | 5x | as long as short |
| MEXC PONS_USDT | +0.0602% | 4h | 0.6163 | +0.016% | $7.8M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0608% | 4h | 0.6187 | +0.403% | $20K | $292K | 10x | as long as short |
| Bybit PONSUSDT | +0.0666% | 4h | 0.6162 | 0.000% | $18.4M | $33.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0668% | 4h | 0.6159 | −0.049% | — | $3.2M | — | as long as short |
| Bitget PONSUSDT | +0.0698% | 4h | 0.6165 | +0.047% | $4.9M | $13.0M | 20x | as long as short |
| BloFin PONS-USDT | +0.0843% | 4h | 0.6164 | +0.032% | $1.8M | $1.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.1011% | 1h | 0.6159 | −0.052% | $73K | $2.3M | 3x | as long as short |
| Injective PONS/USDC PERP | +0.1069% | 1h | 0.5938 | −3.627% | $610 | $10K | 5.5x | as long as short |
| Phoenix PONS | +0.1405% | 1h | 0.6161 | −0.021% | $47K | $127K | 3x | as long as short |
Gate PONS_USDT
Aster PONSUSDT
Variational Omni PONS
Lighter PONS
KuCoin PONSUSDTM
Lighter RH PONS
Pacifica PONS
Hyperliquid PONS
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
Bybit PONSUSDT
BingX PONS-USDT
Bitget PONSUSDT
BloFin PONS-USDT
Polymarket Perps PONS-USD
Injective PONS/USDC PERP
Phoenix PONS