PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0371%/8h= +40.6% APRnext payment +$1.85 per $10,000 · paid last 24h +0.084%

Price spread now: Binance against HTX−0.129%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$305as in the Funding arb table

Net, price: spread back to 7d avg − costs−$359as in the Price arb table

costs, in and out, $10k−$3503.501% of the position

Long on HTX Short on Binance

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)−0.406%−$41 · spread now −0.129%, 7d avg −0.037%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.092% cheaper against HTX than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of −0.037%). If the spread goes back, that is −$9 on $10k: about 20 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5971	0.0100	pay 0.0050% / 4h	1h 36m	$64K	$507K	20x
Short	Binance PONSUSDT	0.5963	0.0471	get 0.0235% / 4h	1h 36m	$39.0M	$93.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.129%Rate

Funding earned: $77.85
Price spread: −0.129% → −0.037%: −$9.22
Slippage, 4 orders: −$328.07
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$281.43
Costs to cover: 3.501%
Break-even: 32.3 days

Slippage from HTX: live order book, 27 min ago; Binance: live order book, 7 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, 27 min ago	29.48 bp	166.7 bp −$167	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.67 bp	14.6 bp −$15	49.1 bp −$491	261.5 bp −$26.1K	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	0.5958	−0.206%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.020%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5961	−0.162%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5993	+0.368%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5975	+0.072%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5961	−0.154%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5968	−0.054%	$26K	$519K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.5971	long leg	$64K	$507K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5973	+0.039%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0142%	4h	0.5965	−0.090%	$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	+0.0192%	1h	0.5967	−0.067%	$419K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5958	−0.205%	$371	—	3x	as long as short
Nado PONS-PERP	+0.0202%	1h	0.5963	−0.129%	$70K	$129K	5x	as long as short
Lighter PONS	+0.0224%	1h	0.5967	−0.060%	$1.6M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0282%	4h	0.5955	−0.263%	$13.6M	$53.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0368%	4h	0.5970	−0.013%	$1.7M	$3.7M	20x	as long as short
Gate PONS_USDT	+0.0370%	4h	0.5967	−0.062%	$5.2M	$6.2M	20x	as long as short
Bitget PONSUSDT	+0.0394%	4h	0.5967	−0.059%	$4.6M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0402%	4h	0.5963	−0.121%	$1.1M	$2.1M	20x	as long as short
BingX PONS-USDT	+0.0470%	4h	0.5967	−0.062%	—	$3.0M	—	as long as short
Binance PONSUSDTshort	+0.0471%	4h	0.5963	−0.129%	$39.0M	$93.9M	20x
Extended PONS-USD	+0.0472%	1h	0.5967	−0.056%	$246K	$670K	5x	as long as short
MEXC PONS_USDT	+0.0472%	4h	0.5968	−0.045%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0493%	4h	0.5986	+0.253%	$18K	$292K	10x	as long as short
Bybit PONSUSDT	+0.0514%	4h	0.5960	−0.179%	$17.9M	$30.3M	20x	as long as short
Hyperliquid PONS	+0.0706%	1h	0.5967	−0.064%	$60.8M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0713%	4h	0.5964	−0.112%	$1.7M	$949K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5974	+0.059%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0808%	1h	0.5975	+0.064%	$49K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5963	−0.127%	$31K	$98K	3x	as long as short