Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.089%
Price spread now: Extended against HTX+0.041%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$298as in the Funding arb table
Net, price: spread back to 7d avg − costs−$345as in the Price arb table
costs, in and out, $10k−$3553.552% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.577%+$58 on $10k
Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.041%, 7d avg −0.057%
Together, before fees+0.504%+ Points / potential airdropExtended: Active · farm board+$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 0.098% dearer against HTX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX PONS-USDT0.61390.0100pay 0.0050% / 4h3h 07m$65K$510K20x
ShortExtended PONS-USD0.61420.0392get 0.0049% / 1h7m 04s$253K$677K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$61.32
Price spread: +0.041% → −0.057%
$9.78
Slippage, 4 orders
−$338.19
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$284.08
Costs to cover
3.552%
Break-even
39.4 days
Slippage from HTX: live order book, 1 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 1 min ago29.96 bp135.3 bp −$135doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 1 min ago11.01 bp24.6 bp −$25178.2 bp −$1,782doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.6129−0.170%$243K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−2.763%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.6140+0.015%$21K$415K20xas long as short
Variational Omni PONS+0.0100%4h0.6118−0.344%$1.4M$4.2Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6122−0.272%$34K$356K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6149+0.155%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6132−0.108%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.6142+0.047%$26K$534K3xas long as short
HTX PONS-USDTlong+0.0100%4h0.6139long leg$65K$510K20x
Phemex PONSUSDT+0.0100%4h0.6138−0.018%$1.7M$3.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH PONS+0.0160%1h0.6141+0.028%$435K$2.6M3xas long as short
Aevo PONS-PERP+0.0176%1h0.6142+0.046%$3833xas long as short
OKX PONS-USDT-SWAP+0.0219%4h0.6127−0.197%$14.1M$56.6M20xas long as short
KuCoin PONSUSDTM+0.0228%4h0.6141+0.026%$1.8M$3.7M20xas long as short
Bitget PONSUSDT+0.0280%4h0.6144+0.083%$4.8M$11.3M20xas long as short
Aster PONSUSDT+0.0335%4h0.6138−0.011%$1.1M$2.0M20xas long as short
Extended PONS-USDshort+0.0392%1h0.6142+0.041%$253K$677K5x
edgeX PONSUSDC+0.0393%4h0.6136−0.056%$21K$292K10xas long as short
Binance PONSUSDT+0.0394%4h0.6140+0.015%$40.4M$96.1M20xas long as short
MEXC PONS_USDT+0.0396%4h0.6145+0.096%$8.0M$4.9M20xas long as short
Lighter PONS+0.0496%1h0.6142+0.049%$1.7M$945K3xas long as short
Nado PONS-PERP+0.0585%1h0.6138−0.010%$106K$115K5xas long as short
BingX PONS-USDT+0.0588%4h0.6145+0.096%$3.1Mas long as short
BloFin PONS-USDT+0.0634%4h0.6147+0.129%$1.8M$999K20xas long as short
Bybit PONSUSDT+0.0645%4h0.6135−0.067%$18.5M$30.8M20xas long as short
Pacifica PONS+0.0665%1h0.6133−0.093%$48K$78K3xas long as short
Polymarket Perps PONS-USD+0.0803%1h0.6140+0.010%$45K$1.6M3xas long as short
Hyperliquid PONS+0.0871%1h0.6141+0.039%$62.5M$28.9M3xas long as short
Gate PONS_USDT+0.1510%4h0.6135−0.067%$5.4M$6.2M20xas long as short
Phoenix PONS+0.1608%1h0.6136−0.050%$32K$113K3xas long as short