Funding arb · Price arb /

PONS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%

Price spread now: Aevo against HTX−0.176%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.176% cheaper against HTX than usual: you would sell low and buy high (spread −0.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 5.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5938	0.0100	pay 0.0050% / 4h	1h 32m	$63K	$508K	20x
Short	Aevo PONS-PERP	0.5927	0.0200	get 0.0025% / 1h	32m 00s	$369	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.176%Rate

Funding earned: $21
Price spread: −0.176% → 0.000%: −$17.63
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$24.63
Costs to cover: 0.280%
Break-even: 15.2 days

Slippage unknown: HTX: live order book, 31 min ago; Aevo: no order-book sample. Net counts fees only.

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, 31 min ago	29.48 bp	166.7 bp −$167	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.5917	−0.355%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.534%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5952	+0.239%	$21K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5958	+0.333%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5931	−0.111%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5929	−0.145%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5925	−0.216%	$26K	$519K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5938	long leg	$63K	$508K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5930	−0.131%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0142%	4h	0.5965	+0.464%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0144%	1h	0.5926	−0.199%	$415K	$2.5M	3x	as long as short
Lighter PONS	+0.0160%	1h	0.5926	−0.199%	$1.6M	$875K	3x	as long as short
Nado PONS-PERP	+0.0191%	1h	0.5949	+0.189%	$70K	$129K	5x	as long as short
Aevo PONS-PERPshort	+0.0200%	1h	0.5927	−0.176%	$369	—	3x
Gate PONS_USDT	+0.0204%	4h	0.5935	−0.047%	$5.2M	$6.2M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0277%	4h	0.5935	−0.047%	$13.5M	$53.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0376%	4h	0.5936	−0.030%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0390%	4h	0.5937	−0.017%	$4.6M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0395%	4h	0.5933	−0.085%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0466%	4h	0.5933	−0.081%	$7.5M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0472%	1h	0.5932	−0.097%	$246K	$670K	5x	as long as short
Binance PONSUSDT	+0.0473%	4h	0.5930	−0.130%	$38.8M	$93.9M	20x	as long as short
edgeX PONSUSDC	+0.0475%	4h	0.5954	+0.266%	$18K	$293K	10x	as long as short
BingX PONS-USDT	+0.0478%	4h	0.5937	−0.013%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0501%	4h	0.5934	−0.064%	$17.8M	$30.4M	20x	as long as short
Hyperliquid PONS	+0.0672%	1h	0.5931	−0.121%	$60.4M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0707%	4h	0.5958	+0.340%	$1.7M	$948K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5956	+0.300%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0796%	1h	0.5952	+0.241%	$48K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5952	+0.239%	$31K	$98K	3x	as long as short