Funding you earn now, next payment 08:00 UTC−0.0844%/8h= −92.4% APRnext payment −$4.22 per $10,000 · paid last 24h −0.129%
Price spread now: HTX against BingX+0.296%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$410as in the Funding arb table
Net, price: spread back to 7d avg − costs−$315as in the Price arb table
costs, in and out, $10k−$3433.435% of the position
Funding, last 7 days−0.666%−$67 on $10k
+Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.296%, 7d avg +0.015%
=The price spread pays, funding is against you. HTX is 0.281% dearer against BingX than usual: you sell high and buy low (spread +0.296% now, against its 7-day average of +0.015%): +$28 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.666% in total) that is about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6006 | 0.0944 | pay 0.0472% / 4h | 3h 23m | — | $3.0M | — |
| Short | HTX PONS-USDT | 0.6024 | 0.0100 | get 0.0050% / 4h | 3h 23m | $65K | $512K | 20x |
BingX PONS-USDT
HTX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against BingX. 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
- −$177.24
- Price spread: +0.296% → +0.015%
- $28.12
- Slippage, 4 orders
- −$321.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$492.6
- Costs to cover
- 3.435%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; HTX: live order book, 30 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 BingX live order book, 11 min ago | 2.49 bp | 11.0 bp −$11 | 31.7 bp −$317 | 442.9 bp −$44.3K | doesn't fit |
| Sell HTX live order book, 30 min ago | 40.47 bp | 159.9 bp −$160 | 1482.8 bp −$14.8K | 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 | 0.5994 | −0.201% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.608% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6008 | +0.033% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6002 | −0.059% | $70K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6027 | +0.345% | $35K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6009 | +0.052% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6002 | −0.067% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6000 | −0.095% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDTshort | +0.0100% | 4h | 0.6024 | +0.296% | $65K | $512K | 20x | |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5997 | −0.150% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0168% | 1h | 0.6005 | −0.020% | $410K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6004 | −0.042% | $374 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0362% | 4h | 0.6008 | +0.033% | $13.7M | $55.0M | 20x | as long as short |
| Variational Omni PONS | +0.0441% | 4h | 0.6020 | +0.240% | $1.5M | $3.9M | — | as long as short |
| Hyperliquid PONS | +0.0479% | 1h | 0.6009 | +0.048% | $61.4M | $28.0M | 3x | as long as short |
| Aster PONSUSDT | +0.0528% | 4h | 0.6006 | −0.008% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0536% | 4h | 0.6011 | +0.085% | $4.6M | $11.5M | 20x | as long as short |
| Lighter PONS | +0.0560% | 1h | 0.6002 | −0.068% | $1.6M | $892K | 3x | as long as short |
| Binance PONSUSDT | +0.0628% | 4h | 0.6006 | 0.000% | $39.3M | $94.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0630% | 4h | 0.6007 | +0.017% | $7.6M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0632% | 1h | 0.6006 | 0.000% | $108K | $808K | 5x | as long as short |
| edgeX PONSUSDC | +0.0645% | 4h | 0.6036 | +0.503% | $18K | $292K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0706% | 1h | 0.6006 | −0.003% | $71K | $1.6M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0752% | 4h | 0.6003 | −0.045% | $1.6M | $3.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0871% | 4h | 0.6012 | +0.100% | $1.7M | $958K | 20x | as long as short |
| BingX PONS-USDTlong | +0.0944% | 4h | 0.6006 | long leg | — | $3.0M | — | |
| Bybit PONSUSDT | +0.0968% | 4h | 0.6005 | −0.017% | $18.0M | $30.5M | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.6005 | −0.009% | $47K | $68K | 3x | as long as short |
| Gate PONS_USDT | +0.1290% | 4h | 0.6006 | 0.000% | $5.3M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.6044 | +0.626% | $46K | $109K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Variational Omni PONS
Hyperliquid PONS
Aster PONSUSDT
Bitget PONSUSDT
Lighter PONS
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
edgeX PONSUSDC
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BloFin PONS-USDT
Bybit PONSUSDT
Pacifica PONS
Gate PONS_USDT
Phoenix PONS