PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0414%/8h= −45.4% APRnext payment −$2.07 per $10,000 · paid last 24h −0.084%

Price spread now: HTX against Binance−0.233%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$395as in the Funding arb table

Net, price: spread back to 7d avg − costs−$377as in the Price arb table

costs, in and out, $10k−$3503.497% of the position

Long on Binance Short on HTX

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)+0.768%+$77 · spread now −0.233%, 7d avg +0.037%

Together, before fees+0.315%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and HTX is 0.270% cheaper against Binance than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5955	0.0514	pay 0.0257% / 4h	1h 04m	$39.2M	$94.9M	20x
Short	HTX PONS-USDT	0.5941	0.0100	get 0.0050% / 4h	1h 04m	$63K	$509K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now −0.233%Rate

Funding earned: −$86.98
Price spread: −0.233% → +0.037%: −$27.02
Slippage, 4 orders: −$327.73
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$463.73
Costs to cover: 3.497%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; HTX: live order book, 59 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 Binance live order book, 8 min ago	0.83 bp	14.2 bp −$14	53.3 bp −$533	doesn't fit	doesn't fit
Sell HTX live order book, 59 min ago	29.48 bp	155.5 bp −$155	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 +0.0033% / S −0.0033%	1h	0.5942	−0.214%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.243%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5955	0.000%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5981	+0.435%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5954	−0.012%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5944	−0.178%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5952	−0.049%	$26K	$527K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.5941	−0.233%	$63K	$509K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5953	−0.034%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0140%	4h	0.5958	+0.050%	$5.2M	$6.3M	20x	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	+0.0199%	4h	0.5951	−0.061%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5952	−0.042%	$371	—	3x	as long as short
Nado PONS-PERP	+0.0242%	1h	0.5956	+0.017%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0256%	1h	0.5952	−0.045%	$403K	$2.5M	3x	as long as short
Lighter PONS	+0.0304%	1h	0.5954	−0.010%	$1.6M	$877K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0317%	4h	0.5948	−0.118%	$13.5M	$54.5M	20x	as long as short
Aster PONSUSDT	+0.0405%	4h	0.5948	−0.116%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0426%	4h	0.5954	−0.025%	$4.7M	$11.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0486%	4h	0.5954	−0.010%	$1.6M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0490%	4h	0.5948	−0.118%	$17.8M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.5957	+0.034%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0512%	1h	0.5955	+0.008%	$246K	$672K	5x	as long as short
MEXC PONS_USDT	+0.0514%	4h	0.5952	−0.050%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDTlong	+0.0514%	4h	0.5955	long leg	$39.2M	$94.9M	20x
edgeX PONSUSDC	+0.0539%	4h	0.5968	+0.217%	$18K	$293K	10x	as long as short
BloFin PONS-USDT	+0.0754%	4h	0.5955	0.000%	$1.7M	$961K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5957	+0.036%	$47K	$69K	3x	as long as short
Hyperliquid PONS	+0.0765%	1h	0.5953	−0.033%	$60.6M	$27.8M	3x	as long as short
Polymarket Perps PONS-USD	+0.0850%	1h	0.5954	−0.024%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5959	+0.062%	$31K	$98K	3x	as long as short