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
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%
=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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- 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 |
HTX PONS-USDT
OKX PONS-USDT-SWAP
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Polymarket Perps PONS-USD
SunX PONS-USDT
SoDEX PONS-USD
Phemex PONSUSDT
Hyperliquid PONS
Lighter RH PONS
Lighter PONS
Aster PONSUSDT
KuCoin PONSUSDTM
Variational Omni PONS
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Bitget PONSUSDT
Pacifica PONS
BloFin PONS-USDT
Bybit PONSUSDT
BingX PONS-USDT
Phoenix PONS
Gate PONS_USDT