PONS

Alert

Funding spread now, next payment 19:00 UTC−0.0052%/8h

paid, last 24h+0.060%paid, last 3 days−0.037%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.5812	0.0152	pay 0.0019% / 1h	40m 50s	$362	—	3x
Short	Variational Omni PONS	0.5846	0.0100	get 0.0050% / 4h	1h 40m	$1.3M	$4.1M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Variational OmnibpOrdersRate

Funding earned: −$10.92
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.92
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.588%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, 5 min ago	6.84 bp	doesn't fit	37.6 bp −$376	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PONS_USDT	−0.0040%	4h	$5.2M	$7.2M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$210K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$3K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$512K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	$72K	$94K	5x	as long as short
Hyperliquid PONS	+0.0100%	1h	$57.9M	$29.9M	3x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	$16.9M	$31.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	$1.7M	$3.5M	20x	as long as short
Variational Omni PONSshort	+0.0100%	4h	$1.3M	$4.1M	—

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni PONSUSDT	+0.0100%	1h	$34K	$318K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$61K	$499K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0130%	4h	$4.5M	$11.6M	20x	as long as short
Aevo PONS-PERPlong	+0.0152%	1h	$362	—	3x
Pacifica PONS	+0.0157%	1h	$46K	$119K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0157%	4h	$13.0M	$55.7M	20x	as long as short
Extended PONS-USD	+0.0272%	1h	$87K	$542K	5x	as long as short
MEXC PONS_USDT	+0.0274%	4h	$7.0M	$5.3M	20x	as long as short
Binance PONSUSDT	+0.0275%	4h	$37.5M	$99.6M	20x	as long as short
edgeX PONSUSDC	+0.0288%	4h	$20K	$291K	10x	as long as short
BingX PONS-USDT	+0.0292%	4h	—	$3.3M	—	as long as short
Lighter RH PONS	+0.0400%	1h	$415K	$2.4M	3x	as long as short
Polymarket Perps PONS-USD	+0.0418%	1h	$72K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0515%	4h	$1.7M	$979K	20x	as long as short
Lighter PONS	+0.0944%	1h	$1.7M	$867K	3x	as long as short
Phoenix PONS	+0.1299%	1h	$24K	$70K	3x	as long as short