PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0498%/8h= +54.5% APRnext payment +$2.49 per $10,000 · paid last 24h +0.097%

Price spread now: MEXC against HTX−0.066%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$317as in the Price arb table

costs, in and out, $10k−$3143.142% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.474%+$47 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.066%, 7d avg −0.043%

Together, before fees+0.601%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.023% cheaper against HTX than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.043%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.474% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.5893	0.0100	pay 0.0050% / 4h	2h 31m	$64K	$513K	20x
Short	MEXC PONS_USDT	0.5889	0.0598	get 0.0299% / 4h	2h 31m	$7.4M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.066%Rate

Funding earned: $104.58
Price spread: −0.066% → −0.043%: −$2.27
Slippage, 4 orders: −$302.23
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$211.93
Costs to cover: 3.142%
Break-even: 21.2 days

Slippage from HTX: live order book, 17 min ago; MEXC: live order book, 1 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, 17 min ago	39.41 bp	133.0 bp −$133	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.85 bp	4.5 bp −$5	12.8 bp −$128	382.7 bp −$38.3K	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	0.5878	−0.256%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.300%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5883	−0.173%	$411K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5888	−0.083%	$21K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5890	−0.042%	$69K	$130K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5888	−0.083%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5873	−0.331%	$29K	$332K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5890	−0.054%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5888	−0.083%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5890	−0.049%	$25K	$547K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDTlong	+0.0100%	4h	0.5893	long leg	$64K	$513K	20x
Phemex PONSUSDT	+0.0100%	4h	0.5894	+0.019%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0227%	1h	0.5887	−0.109%	$60.0M	$29.2M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5888	−0.091%	$367	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0373%	4h	0.5886	−0.117%	$13.3M	$54.5M	20x	as long as short
Aster PONSUSDT	+0.0471%	4h	0.5880	−0.217%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0568%	1h	0.5886	−0.124%	$1.6M	$887K	3x	as long as short
Bitget PONSUSDT	+0.0570%	4h	0.5890	−0.049%	$4.6M	$11.9M	20x	as long as short
Variational Omni PONS	+0.0576%	4h	0.5912	+0.326%	$1.4M	$4.1M	—	as long as short
MEXC PONS_USDTshort	+0.0598%	4h	0.5889	−0.066%	$7.4M	$4.7M	20x
Binance PONSUSDT	+0.0599%	4h	0.5892	−0.023%	$38.4M	$94.9M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.5888	−0.076%	$100K	$812K	5x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.5885	−0.141%	$20K	$296K	10x	as long as short
Pacifica PONS	+0.0715%	1h	0.5884	−0.155%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0740%	4h	0.5888	−0.085%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0793%	1h	0.5887	−0.102%	$110K	$1.7M	3x	as long as short
BingX PONS-USDT	+0.0826%	4h	0.5893	+0.002%	—	$3.0M	—	as long as short
BloFin PONS-USDT	+0.0848%	4h	0.5880	−0.219%	$1.7M	$938K	20x	as long as short
Bybit PONSUSDT	+0.0883%	4h	0.5891	−0.032%	$17.6M	$31.1M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5935	+0.721%	$45K	$121K	3x	as long as short