Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.262%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$561as in the Funding arb table

Net, price: spread back to 7d avg − costs−$587as in the Price arb table

costs, in and out, $10k−$5615.608% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.262%, 7d avg +0.002%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.263% cheaper against SunX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5927	0.0100	pay 0.0050% / 4h	1h 01m	—	$1.2M	10x
Short	HTX PONS-USDT	0.5911	0.0100	get 0.0050% / 4h	1h 01m	$64K	$526K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −0.262%Rate

Funding earned: $0
Price spread: −0.262% → +0.002%: −$26.32
Slippage, 4 orders: −$540.78
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$587.1
Costs to cover: 5.608%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; HTX: live order book, 42 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 SunX live order book, 2 min ago	105.64 bp	124.7 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 42 min ago	33.76 bp	171.9 bp −$172	doesn't fit	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	0.5918	−0.158%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.196%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5927	−0.003%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5919	−0.133%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5929	+0.035%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5920	−0.122%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5940	+0.216%	$29K	$308K	5x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5927	long leg	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5924	−0.044%	$26K	$581K	3x	as long as short
HTX PONS-USDTshort	+0.0100%	4h	0.5911	−0.262%	$64K	$526K	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5922	−0.083%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5922	−0.084%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0313%	1h	0.5930	+0.051%	$60.2M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0413%	4h	0.5923	−0.066%	$13.4M	$55.2M	20x	as long as short
Aster PONSUSDT	+0.0443%	4h	0.5919	−0.137%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0472%	4h	0.5925	−0.032%	$37.3M	$97.9M	20x	as long as short
MEXC PONS_USDT	+0.0478%	4h	0.5927	+0.002%	$7.7M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0480%	1h	0.5926	−0.014%	$101K	$806K	5x	as long as short
edgeX PONSUSDC	+0.0501%	4h	0.5946	+0.318%	$20K	$290K	10x	as long as short
Variational Omni PONS	+0.0548%	4h	0.5964	+0.634%	$1.4M	$4.1M	—	as long as short
Pacifica PONS	+0.0556%	1h	0.5925	−0.032%	$45K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0590%	4h	0.5932	+0.083%	$1.6M	$3.8M	20x	as long as short
Gate PONS_USDT	+0.0642%	4h	0.5930	+0.052%	$5.3M	$6.4M	20x	as long as short
BingX PONS-USDT	+0.0650%	4h	0.5929	+0.035%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0650%	4h	0.5923	−0.066%	$17.5M	$31.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0653%	1h	0.5924	−0.054%	$85K	$1.9M	3x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5929	+0.042%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0719%	4h	0.5919	−0.133%	$1.7M	$939K	20x	as long as short
Lighter PONS	+0.0856%	1h	0.5928	+0.022%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5934	+0.125%	$45K	$127K	3x	as long as short