Funding you earn now, next payment 23:00 UTC−0.0540%/8h= −59.2% APRnext payment −$0.68 per $10,000 · paid last 24h −0.157%
Price spread now: Aevo against Hyperliquid−0.128%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$16 a day on $10k at the current rate, and Aevo is 0.128% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.5913 | 0.0660 | pay 0.0083% / 1h | 57m 01s | $59.4M | $30.1M | 3x |
| Short | Aevo PONS-PERP | 0.5905 | 0.0120 | get 0.0015% / 1h | 57m 01s | $368 | — | 3x |
Hyperliquid PONS
Aevo PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Hyperliquid. 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
- −$113.5
- Price spread: −0.128% → 0.000%
- −$12.77
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$151.27
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Aevo: no order-book sample. 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 Hyperliquid live order book, 7 min ago | 0.09 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
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 +0.0032% / S −0.0034% | 1h | 0.5896 | −0.286% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5920 | +0.112% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5901 | −0.203% | $21K | $442K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5911 | −0.034% | $17.7M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5912 | −0.017% | $13.4M | $56.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5902 | −0.184% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5913 | −0.002% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5901 | −0.199% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5908 | −0.083% | $34K | $340K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5908 | −0.088% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5908 | −0.091% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5906 | −0.127% | $27K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5901 | −0.198% | $63K | $505K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5903 | −0.169% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERPshort | +0.0120% | 1h | 0.5905 | −0.128% | $368 | — | 3x | |
| Aster PONSUSDT | +0.0145% | 4h | 0.5905 | −0.129% | $1.1M | $2.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0167% | 4h | 0.5912 | −0.017% | $38.4M | $98.1M | 20x | as long as short |
| Extended PONS-USD | +0.0168% | 1h | 0.5907 | −0.109% | $106K | $532K | 5x | as long as short |
| MEXC PONS_USDT | +0.0168% | 4h | 0.5907 | −0.101% | $7.5M | $4.9M | 20x | as long as short |
| BingX PONS-USDT | +0.0172% | 4h | 0.5908 | −0.085% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0185% | 4h | 0.5901 | −0.209% | $21K | $292K | 10x | as long as short |
| Nado PONS-PERP | +0.0223% | 1h | 0.5902 | −0.186% | $89K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0304% | 1h | 0.5907 | −0.101% | $418K | $2.6M | 3x | as long as short |
| BloFin PONS-USDT | +0.0407% | 4h | 0.5895 | −0.304% | $1.7M | $965K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5900 | −0.215% | $47K | $103K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0500% | 1h | 0.5902 | −0.184% | $37K | $1.8M | 3x | as long as short |
| Hyperliquid PONSlong | +0.0660% | 1h | 0.5913 | long leg | $59.4M | $30.1M | 3x | |
| Gate PONS_USDT | +0.0844% | 4h | 0.5904 | −0.152% | $5.2M | $6.4M | 20x | as long as short |
| Lighter PONS | +0.1176% | 1h | 0.5908 | −0.081% | $1.7M | $979K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5888 | −0.423% | $30K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aster PONSUSDT
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
BingX PONS-USDT
edgeX PONSUSDC
Nado PONS-PERP
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Gate PONS_USDT
Lighter PONS
Phoenix PONS