PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0388%/8h= +42.4% APRnext payment +$1.94 per $10,000 · paid last 24h +0.032%

Price spread now: OKX against HTX−0.408%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$331as in the Funding arb table

Net, price: spread back to 7d avg − costs−$392as in the Price arb table

costs, in and out, $10k−$3593.590% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 4 days (all we have)−0.275%−$27 · spread now −0.408%, 7d avg −0.073%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.334% cheaper against HTX than usual: you would sell low and buy high (spread −0.408% now, against its 7-day average of −0.073%). If the spread goes back, that is −$33 on $10k: about 2.9 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.278% in total) that is about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6355	0.0100	pay 0.0050% / 4h	2h 57m	$67K	$529K	20x
Short	OKX PONS-USDT-SWAP	0.6329	0.0488	get 0.0244% / 4h	2h 57m	$14.5M	$61.1M	20x

Funding 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 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 OKXbpOrdersPrice spread, now −0.408%Rate

Funding earned: $81.4
Price spread: −0.408% → −0.073%: −$33.45
Slippage, 4 orders: −$337.03
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$311.08
Costs to cover: 3.590%
Break-even: 33.8 days

Slippage from HTX: live order book, 36 min ago; OKX: 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, 36 min ago	32.92 bp	140.9 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.79 bp	15.9 bp −$16	52.5 bp −$525	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 +0.0032% / S −0.0030%	1h	0.6394	+0.618%	$251K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.552%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6365	+0.159%	$23K	$427K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6357	+0.033%	$74K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6402	+0.747%	$32K	$286K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6361	+0.104%	$74K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6352	−0.047%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6354	−0.014%	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6349	−0.101%	$27K	$625K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6355	long leg	$67K	$529K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6352	−0.046%	$1.7M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0124%	1h	0.6339	−0.258%	$65.0M	$31.1M	3x	as long as short
Lighter RH PONS	+0.0256%	1h	0.6350	−0.077%	$429K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0272%	1h	0.6358	+0.041%	$396	—	3x	as long as short
Lighter PONS	+0.0400%	1h	0.6358	+0.049%	$1.8M	$836K	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0488%	4h	0.6329	−0.408%	$14.5M	$61.1M	20x
Aster PONSUSDT	+0.0508%	4h	0.6331	−0.370%	$1.2M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0562%	4h	0.6327	−0.436%	$1.8M	$4.2M	20x	as long as short
Variational Omni PONS	+0.0691%	4h	0.6407	+0.817%	$1.6M	$4.5M	—	as long as short
MEXC PONS_USDT	+0.0756%	4h	0.6327	−0.439%	$8.1M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0756%	4h	0.6333	−0.350%	$41.9M	$103.2M	20x	as long as short
Extended PONS-USD	+0.0760%	1h	0.6332	−0.356%	$106K	$808K	5x	as long as short
edgeX PONSUSDC	+0.0765%	4h	0.6397	+0.659%	$19K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0784%	4h	0.6340	−0.230%	$5.1M	$13.5M	20x	as long as short
Pacifica PONS	+0.0810%	1h	0.6355	+0.006%	$47K	$78K	3x	as long as short
BloFin PONS-USDT	+0.0997%	4h	0.6371	+0.253%	$1.9M	$1.1M	20x	as long as short
Bybit PONSUSDT	+0.1137%	4h	0.6330	−0.392%	$19.2M	$33.3M	20x	as long as short
BingX PONS-USDT	+0.1200%	4h	0.6332	−0.360%	—	$3.1M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6405	+0.796%	$49K	$155K	3x	as long as short
Gate PONS_USDT	+0.3114%	4h	0.6326	−0.455%	$5.4M	$6.4M	20x	as long as short