HTXvs
Pionex
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 23 liquid markets shared by HTX and Pionex, the best funding setup over the past 7 days is $XAU (long Pionex, short HTX): it paid 27.1% APR, 16.7% after costs, and held 58% of the time.
23 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| HTX | Pionex | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.05% | 0.05% |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $3.70B✓ | $291.3M |
| 24h Volume | $1.77B | $12.26B✓ |
| Avg Funding APR | 4.45% | 15.98% |
| Markets | 304 | 448✓ |
| Airdrop / token | Listed | Listed |
HTX and Pionex are both perpetual-futures venues tracked on ORBIT. On fees, both charge the same 0.05% taker. On liquidity, HTX is deeper with $3.70B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where HTX and Pionex diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between HTX and Pionex pays most?
- Across 23 liquid markets shared by HTX and Pionex, the best funding setup over the past 7 days is $XAU (long Pionex, short HTX): it paid 27.1% APR, 16.7% after costs, and held 58% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is HTX or Pionex cheaper?
- HTX charges 0.05% taker / 0.02% maker; Pionex charges 0.05% taker / 0.02% maker. Both are equal on taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, HTX or Pionex?
- HTX has $3.70B open interest across 304 markets; Pionex has $291.3M across 448. HTX is deeper, which means lower slippage at size.
- Can I run funding arbitrage between HTX and Pionex?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.