PONS

Alert

Funding spread now, next payment 14:00 UTC+0.1445%/8h

paid, last 24h+0.112%paid, last 7 days+0.327%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.327% in total (about 17.1% a year). A funding rate is set anew for every payment. 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	Aster PONSUSDT	0.6448	0.0544	pay 0.0272% / 4h	2h 40m	$1.2M	$2.1M	20x
Short	Hyperliquid PONS	0.6462	0.1989	get 0.0249% / 1h	40m 54s	$65.0M	$24.1M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee HyperliquidbpOrdersRate

Funding earned: $303.47
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $286.47
Break-even: 0.4 days

Slippage unknown: Aster: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.223%
Avg gap 7d: +0.064%

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 Aster live order book, 4 min ago	5.92 bp	11.5 bp −$11	31.9 bp −$319	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.39 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0030%	1h	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$18K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$460K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$42K	$322K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$2K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$465K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$71K	$483K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
Aevo PONS-PERP	+0.0272%	1h	$402	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0295%	4h	$15.8M	$58.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0536%	4h	$2.0M	$1.7M	20x	as long as short
Aster PONSUSDTlong	+0.0544%	4h	$1.2M	$2.1M	20x
Variational Omni PONS	+0.0599%	4h	$1.9M	$3.5M	—	as long as short
Binance PONSUSDT	+0.0736%	4h	$43.8M	$91.5M	20x	as long as short
Extended PONS-USD	+0.0736%	1h	$180K	$358K	5x	as long as short
MEXC PONS_USDT	+0.0744%	4h	$8.9M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0768%	4h	$22K	$289K	10x	as long as short
Bitget PONSUSDT	+0.0802%	4h	$5.2M	$9.6M	20x	as long as short
Pacifica PONS	+0.0815%	1h	$52K	$138K	3x	as long as short
BingX PONS-USDT	+0.0858%	4h	—	$2.9M	—	as long as short
Bybit PONSUSDT	+0.0866%	4h	$21.0M	$25.9M	20x	as long as short
Nado PONS-PERP	+0.0941%	1h	$108K	$65K	5x	as long as short
BloFin PONS-USDT	+0.0976%	4h	$2.0M	$887K	20x	as long as short
Polymarket Perps PONS-USD	+0.1000%	1h	$67K	$1.7M	3x	as long as short
Lighter PONS	+0.1128%	1h	$1.8M	$738K	3x	as long as short
Lighter RH PONS	+0.1136%	1h	$451K	$2.1M	3x	as long as short
Phoenix PONS	+0.1558%	1h	$26K	$51K	3x	as long as short
Hyperliquid PONSshort	+0.1989%	1h	$65.0M	$24.1M	3x
Gate PONS_USDT	+0.3624%	4h	$5.7M	$7.0M	20x	as long as short