PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0514%/8h= +56.3% APRnext payment +$0.64 per $10,000 · paid last 24h +0.135%

Price spread now: Hyperliquid against Aevo+0.502%54s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.502% dearer against Aevo than usual: you sell high and buy low: +$50 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.5942	0.0200	pay 0.0025% / 1h	22m 26s	$370	—	3x
Short	Hyperliquid PONS	0.5971	0.0714	get 0.0089% / 1h	22m 26s	$60.8M	$27.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aevo. 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 AevobpFee HyperliquidbpOrdersPrice spread, now +0.502%Rate

Funding earned: $107.99
Price spread: +0.502% → 0.000%: $50.15
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $133.15
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Hyperliquid: live order book, 11 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	2.94 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0033%	1h	0.5958	+0.284%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.470%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5969	+0.461%	$20K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5964	+0.377%	$5.2M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5925	−0.274%	$32K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5951	+0.153%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5949	+0.128%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5954	+0.200%	$26K	$521K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5952	+0.172%	$63K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5954	+0.209%	$1.6M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0136%	1h	0.5961	+0.325%	$406K	$2.5M	3x	as long as short
Variational Omni PONS	+0.0169%	4h	0.5906	−0.594%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERPlong	+0.0200%	1h	0.5942	long leg	$370	—	3x
Lighter PONS	+0.0216%	1h	0.5961	+0.325%	$1.6M	$875K	3x	as long as short
Nado PONS-PERP	+0.0218%	1h	0.5966	+0.411%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0300%	4h	0.5970	+0.478%	$13.6M	$54.2M	20x	as long as short
Aster PONSUSDT	+0.0396%	4h	0.5953	+0.189%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0404%	4h	0.5971	+0.500%	$4.6M	$11.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0420%	4h	0.5971	+0.493%	$1.7M	$3.7M	20x	as long as short
edgeX PONSUSDC	+0.0465%	4h	0.5921	−0.344%	$18K	$292K	10x	as long as short
Extended PONS-USD	+0.0472%	1h	0.5965	+0.400%	$246K	$670K	5x	as long as short
MEXC PONS_USDT	+0.0474%	4h	0.5964	+0.377%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0484%	4h	0.5973	+0.529%	$39.1M	$94.0M	20x	as long as short
BingX PONS-USDT	+0.0498%	4h	0.5972	+0.512%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0517%	4h	0.5968	+0.444%	$17.9M	$30.5M	20x	as long as short
Hyperliquid PONSshort	+0.0714%	1h	0.5971	+0.502%	$60.8M	$27.6M	3x
BloFin PONS-USDT	+0.0715%	4h	0.5944	+0.040%	$1.7M	$952K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5963	+0.365%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0816%	1h	0.5970	+0.486%	$51K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5909	−0.555%	$31K	$98K	3x	as long as short