PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0777%/8h= +85.1% APRnext payment +$0.97 per $10,000 · paid last 24h +0.164%

Price spread now: Hyperliquid against ApeX Omni−0.128%7-day average −0.089% · you buy dearer than you sell

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

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.441%+$44 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.128%, 7d avg −0.089%

Together, before fees+0.408%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.039% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.089%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.441% in total) that is about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.441% in total (about 23.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.6093	0.0100	pay 0.0013% / 1h	21m 20s	$33K	$358K	5x
Short	Hyperliquid PONS	0.6086	0.0877	get 0.0110% / 1h	21m 20s	$61.9M	$29.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now −0.128%Rate

Funding earned: $163.26
Price spread: −0.128% → −0.089%: −$3.94
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $140.32
Costs to cover: 0.190%
Break-even: 1.0 days

Slippage unknown: ApeX Omni: live order book, 51 min ago; Hyperliquid: live order book, 12 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 ApeX Omni live order book, 51 min ago	46.45 bp	58.8 bp −$59	138.2 bp −$1,382	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.08 bp	10.4 bp −$10	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 +0.0033% / S −0.0033%	1h	0.6078	−0.258%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.035%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6090	−0.062%	$430K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6084	−0.156%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	−0.189%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.6093	long leg	$33K	$358K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6090	−0.064%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6086	−0.125%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6087	−0.115%	$28K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6118	+0.397%	$65K	$510K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6087	−0.107%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6087	−0.107%	$379	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0178%	4h	0.6082	−0.189%	$13.9M	$56.5M	20x	as long as short
KuCoin PONSUSDTM	+0.0182%	4h	0.6085	−0.135%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0252%	4h	0.6089	−0.082%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0270%	4h	0.6086	−0.129%	$1.1M	$2.1M	20x	as long as short
Binance PONSUSDT	+0.0359%	4h	0.6085	−0.137%	$39.9M	$96.4M	20x	as long as short
Extended PONS-USD	+0.0360%	1h	0.6083	−0.178%	$252K	$678K	5x	as long as short
MEXC PONS_USDT	+0.0360%	4h	0.6085	−0.139%	$7.9M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0383%	4h	0.6091	−0.046%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0392%	1h	0.6088	−0.090%	$1.7M	$933K	3x	as long as short
Bybit PONSUSDT	+0.0597%	4h	0.6081	−0.205%	$18.3M	$30.9M	20x	as long as short
BloFin PONS-USDT	+0.0605%	4h	0.6096	+0.041%	$1.8M	$999K	20x	as long as short
BingX PONS-USDT	+0.0612%	4h	0.6086	−0.123%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0613%	1h	0.6087	−0.107%	$105K	$115K	5x	as long as short
Pacifica PONS	+0.0665%	1h	0.6086	−0.126%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0770%	1h	0.6085	−0.135%	$44K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0840%	4h	0.6083	−0.172%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONSshort	+0.0877%	1h	0.6086	−0.128%	$61.9M	$29.1M	3x
Phoenix PONS	+0.1608%	1h	0.6095	+0.018%	$32K	$113K	3x	as long as short