Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX−0.304%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$405as in the Funding arb table

Net, price: spread back to 7d avg − costs−$442as in the Price arb table

costs, in and out, $10k−$4054.051% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.304%, 7d avg +0.062%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.366% cheaper against HTX than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6060	0.0100	pay 0.0050% / 4h	3h 27m	$66K	$512K	20x
Short	ApeX Omni PONSUSDT	0.6042	0.0100	get 0.0013% / 1h	27m 26s	$35K	$342K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.304%Rate

Funding earned: $0
Price spread: −0.304% → +0.062%: −$36.56
Slippage, 4 orders: −$383.08
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$441.64
Costs to cover: 4.051%
Break-even: never at this rate

Slippage from HTX: live order book, 26 min ago; ApeX Omni: live order book, 25 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 HTX live order book, 26 min ago	40.47 bp	159.7 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	6.63 bp	70.6 bp −$71	135.3 bp −$1,353	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	0.6021	−0.644%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.495%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6032	−0.464%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6033	−0.447%	$70K	$129K	5x	as long as short
ApeX Omni PONSUSDTshort	+0.0100%	1h	0.6042	−0.304%	$35K	$342K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6028	−0.521%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6045	−0.257%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6043	−0.281%	$26K	$533K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6060	long leg	$66K	$512K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6039	−0.348%	$1.7M	$3.2M	20x	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	+0.0224%	1h	0.6039	−0.347%	$412K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6035	−0.422%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0360%	4h	0.6026	−0.563%	$13.7M	$55.2M	20x	as long as short
Variational Omni PONS	+0.0427%	4h	0.6045	−0.242%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0489%	1h	0.6031	−0.482%	$61.7M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0531%	4h	0.6035	−0.411%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0534%	4h	0.6033	−0.446%	$4.6M	$11.5M	20x	as long as short
Lighter PONS	+0.0560%	1h	0.6040	−0.333%	$1.7M	$892K	3x	as long as short
Extended PONS-USD	+0.0632%	1h	0.6031	−0.476%	$108K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0632%	4h	0.6033	−0.447%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0635%	4h	0.6031	−0.480%	$39.4M	$94.3M	20x	as long as short
edgeX PONSUSDC	+0.0641%	4h	0.6040	−0.331%	$18K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0697%	1h	0.6029	−0.505%	$72K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0754%	4h	0.6034	−0.436%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0874%	4h	0.6039	−0.348%	$1.7M	$968K	20x	as long as short
BingX PONS-USDT	+0.0944%	4h	0.6032	−0.464%	—	$2.9M	—	as long as short
Pacifica PONS	+0.1081%	1h	0.6041	−0.314%	$47K	$68K	3x	as long as short
Bybit PONSUSDT	+0.1111%	4h	0.6028	−0.530%	$18.1M	$30.5M	20x	as long as short
Gate PONS_USDT	+0.1172%	4h	0.6028	−0.530%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6044	−0.272%	$46K	$109K	3x	as long as short