PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1130%/8h= +123.7% APRnext payment +$5.65 per $10,000 · paid last 24h +0.124%

Price spread now: BingX against HTX−0.584%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs−$421as in the Price arb table

costs, in and out, $10k−$3653.647% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.680%+$68 on $10k

Price spread, last 4 days (all we have)+0.684%+$68 · spread now −0.584%, 7d avg −0.018%

Together, before fees+1.364%+$136 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.567% cheaper against HTX than usual: you would sell low and buy high (spread −0.584% now, against its 7-day average of −0.018%). If the spread goes back, that is −$57 on $10k: about 40 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.680% in total) that is about 5.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.680% in total (about 35.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.65 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	HTX PONS-USDT	0.6246	0.0100	pay 0.0050% / 4h	3h 51m	$66K	$534K	20x
Short	BingX PONS-USDT	0.6209	0.1230	get 0.0615% / 4h	3h 51m	—	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.584%Rate

Funding earned: $237.3
Price spread: −0.584% → −0.018%: −$56.68
Slippage, 4 orders: −$342.75
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$184.13
Costs to cover: 3.647%
Break-even: 12.4 days

Slippage from HTX: live order book, 47 min ago; BingX: live order book, 14 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, 47 min ago	39.13 bp	149.4 bp −$149	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	1.63 bp	12.1 bp −$12	24.7 bp −$247	114.9 bp −$11.5K	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 +0.0032% / S −0.0030%	1h	0.6212	−0.542%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.916%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6224	−0.344%	$23K	$436K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6223	−0.359%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6214	−0.504%	$31K	$294K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6212	−0.528%	$73K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6229	−0.267%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6226	−0.307%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6219	−0.424%	$26K	$613K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6246	long leg	$66K	$534K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6213	−0.520%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6222	−0.376%	$388	—	3x	as long as short
Lighter RH PONS	+0.0264%	1h	0.6220	−0.403%	$420K	$2.7M	3x	as long as short
Hyperliquid PONS	+0.0274%	1h	0.6212	−0.528%	$63.6M	$30.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0385%	4h	0.6208	−0.600%	$14.1M	$60.9M	20x	as long as short
Aster PONSUSDT	+0.0439%	4h	0.6217	−0.451%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0482%	4h	0.6222	−0.375%	$1.6M	$4.0M	20x	as long as short
Variational Omni PONS	+0.0516%	4h	0.6215	−0.481%	$1.6M	$4.3M	—	as long as short
MEXC PONS_USDT	+0.0618%	4h	0.6218	−0.440%	$7.9M	$4.6M	20x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.6216	−0.478%	$20K	$291K	10x	as long as short
Binance PONSUSDT	+0.0622%	4h	0.6215	−0.488%	$40.6M	$104.4M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.6223	−0.367%	$104K	$825K	5x	as long as short
Bitget PONSUSDT	+0.0688%	4h	0.6212	−0.533%	$4.9M	$13.1M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6221	−0.395%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0862%	4h	0.6222	−0.376%	$1.8M	$1.1M	20x	as long as short
Lighter PONS	+0.1040%	1h	0.6222	−0.378%	$1.7M	$867K	3x	as long as short
BingX PONS-USDTshort	+0.1230%	4h	0.6209	−0.584%	—	$3.3M	—
Bybit PONSUSDT	+0.1330%	4h	0.6213	−0.520%	$18.6M	$32.9M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6216	−0.479%	$47K	$159K	3x	as long as short
Gate PONS_USDT	+0.1718%	4h	0.6207	−0.616%	$5.4M	$6.3M	20x	as long as short