Funding you earn now, next payment 08:00 UTC+0.0258%/8h= +28.2% APRnext payment +$1.29 per $10,000 · paid last 24h +0.026%
Price spread now: OKX against HTX−0.312%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$320as in the Funding arb table
Net, price: spread back to 7d avg − costs−$372as in the Price arb table
costs, in and out, $10k−$3483.475% of the position
Funding, last 7 days+0.277%+$28 on $10k
+Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.312%, 7d avg −0.070%
=Funding pays, the price is against you. OKX is 0.242% cheaper against HTX than usual: you would sell low and buy high (spread −0.312% now, against its 7-day average of −0.070%). If the spread goes back, that is −$24 on $10k: about 3.1 days of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PONS-USDT | 0.6051 | 0.0100 | pay 0.0050% / 4h | 3h 27m | $65K | $512K | 20x |
| Short | OKX PONS-USDT-SWAP | 0.6032 | 0.0358 | get 0.0179% / 4h | 3h 27m | $13.7M | $55.3M | 20x |
HTX PONS-USDT
OKX PONS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $54.11
- Price spread: −0.312% → −0.070%
- −$24.19
- Slippage, 4 orders
- −$325.54
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$317.62
- Costs to cover
- 3.475%
- Break-even
- 48.1 days
Slippage from HTX: live order book, 26 min ago; OKX: live order book, 2 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 OKX live order book, 2 min ago | 2.48 bp | 15.8 bp −$16 | 37.5 bp −$375 | 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 | −0.492% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.345% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6032 | −0.312% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6033 | −0.296% | $70K | $129K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6042 | −0.152% | $35K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6028 | −0.370% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6042 | −0.147% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6030 | −0.342% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDTlong | +0.0100% | 4h | 0.6051 | long leg | $65K | $512K | 20x | |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6034 | −0.279% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0208% | 1h | 0.6031 | −0.334% | $412K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6035 | −0.271% | $376 | — | 3x | as long as short |
| OKX PONS-USDT-SWAPshort | +0.0358% | 4h | 0.6032 | −0.312% | $13.7M | $55.3M | 20x | |
| Variational Omni PONS | +0.0427% | 4h | 0.6045 | −0.090% | $1.5M | $3.9M | — | as long as short |
| Hyperliquid PONS | +0.0491% | 1h | 0.6036 | −0.255% | $61.7M | $28.0M | 3x | as long as short |
| Aster PONSUSDT | +0.0531% | 4h | 0.6035 | −0.259% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0534% | 4h | 0.6039 | −0.200% | $4.6M | $11.5M | 20x | as long as short |
| Lighter PONS | +0.0560% | 1h | 0.6032 | −0.306% | $1.7M | $892K | 3x | as long as short |
| Extended PONS-USD | +0.0632% | 1h | 0.6029 | −0.358% | $108K | $808K | 5x | as long as short |
| MEXC PONS_USDT | +0.0632% | 4h | 0.6031 | −0.329% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0635% | 4h | 0.6033 | −0.296% | $39.5M | $94.3M | 20x | as long as short |
| edgeX PONSUSDC | +0.0641% | 4h | 0.6040 | −0.180% | $18K | $292K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0697% | 1h | 0.6029 | −0.354% | $72K | $1.6M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0754% | 4h | 0.6034 | −0.288% | $1.6M | $3.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0875% | 4h | 0.6030 | −0.345% | $1.7M | $966K | 20x | as long as short |
| BingX PONS-USDT | +0.0944% | 4h | 0.6039 | −0.197% | — | $3.0M | — | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.6041 | −0.163% | $47K | $68K | 3x | as long as short |
| Bybit PONSUSDT | +0.1111% | 4h | 0.6034 | −0.279% | $18.1M | $30.5M | 20x | as long as short |
| Gate PONS_USDT | +0.1172% | 4h | 0.6028 | −0.378% | $5.3M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.6044 | −0.121% | $46K | $109K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
Variational Omni PONS
Hyperliquid PONS
Aster PONSUSDT
Bitget PONSUSDT
Lighter PONS
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BloFin PONS-USDT
BingX PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Gate PONS_USDT
Phoenix PONS