PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0706%/8h= −77.3% APRnext payment −$3.53 per $10,000 · paid last 24h −0.114%

Price spread now: HTX against Bybit−0.064%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$382as in the Funding arb table

Net, price: spread back to 7d avg − costs−$357as in the Price arb table

costs, in and out, $10k−$3443.443% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.064%, 7d avg +0.067%

Together, before fees−0.368%−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and HTX is 0.131% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.067%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.373% in total (about -19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.5927	0.0806	pay 0.0403% / 4h	1h 44m	$17.6M	$31.5M	20x
Short	HTX PONS-USDT	0.5923	0.0100	get 0.0050% / 4h	1h 44m	$64K	$525K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$148.28
Price spread: −0.064% → +0.067%: −$13.15
Slippage, 4 orders: −$321.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$505.75
Costs to cover: 3.443%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 64 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 Bybit live order book, 4 min ago	2.54 bp	19.3 bp −$19	48.4 bp −$484	doesn't fit	doesn't fit
Sell HTX live order book, 64 min ago	39.41 bp	174.0 bp −$174	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 −0.0032%	1h	0.5916	−0.188%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.717%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5928	+0.015%	$407K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5914	−0.219%	$21K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5926	−0.025%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5916	−0.183%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5902	−0.422%	$29K	$320K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5911	−0.270%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5928	+0.025%	$26K	$586K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.5923	−0.064%	$64K	$525K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5925	−0.034%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5923	−0.067%	$369	—	3x	as long as short
Gate PONS_USDT	+0.0280%	4h	0.5923	−0.067%	$5.3M	$6.3M	20x	as long as short
Hyperliquid PONS	+0.0308%	1h	0.5933	+0.101%	$60.2M	$29.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0422%	4h	0.5922	−0.084%	$13.4M	$56.0M	20x	as long as short
Aster PONSUSDT	+0.0463%	4h	0.5920	−0.119%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0466%	1h	0.5923	−0.066%	$91K	$1.9M	3x	as long as short
Extended PONS-USD	+0.0544%	1h	0.5929	+0.028%	$101K	$811K	5x	as long as short
Binance PONSUSDT	+0.0547%	4h	0.5928	+0.017%	$37.3M	$98.6M	20x	as long as short
MEXC PONS_USDT	+0.0552%	4h	0.5932	+0.084%	$7.6M	$4.7M	20x	as long as short
Pacifica PONS	+0.0556%	1h	0.5909	−0.301%	$45K	$68K	3x	as long as short
edgeX PONSUSDC	+0.0571%	4h	0.5908	−0.319%	$20K	$296K	10x	as long as short
Variational Omni PONS	+0.0631%	4h	0.5904	−0.380%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0650%	4h	0.5932	+0.079%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0662%	4h	0.5936	+0.145%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0787%	4h	0.5921	−0.101%	$1.7M	$958K	20x	as long as short
BingX PONS-USDT	+0.0806%	4h	0.5926	−0.017%	—	$3.0M	—	as long as short
Bybit PONSUSDTlong	+0.0806%	4h	0.5927	long leg	$17.6M	$31.5M	20x
Lighter PONS	+0.0816%	1h	0.5928	+0.010%	$1.6M	$828K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5910	−0.292%	$45K	$127K	3x	as long as short