PONS

Alert

Funding spread now, next payment 17:00 UTC+0.0612%/8h

paid, last 24h+0.187%paid, last 7 days+0.411%to open and close $10k−$44

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.411% in total (about 21.5% 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	0.5950	0.0100	pay 0.0050% / 4h	3h 15m	$1.1M	$2.1M	20x
Short	Lighter RH PONS	0.5954	0.0712	get 0.0089% / 1h	15m 39s	$417K	$2.3M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Lighter RHbpOrdersRate

Funding earned: $128.52
Slippage, 4 orders: −$35.8
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $84.72
Break-even: 2.4 days

Slippage from Aster: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.071%
Avg gap 7d: +0.052%

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	5.10 bp	12.3 bp −$12	34.6 bp −$346	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	5.87 bp	13.3 bp −$13	38.6 bp −$386	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
Gate PONS_USDT	−0.0566%	4h	$5.3M	$7.7M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$11K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$18K	$493K	20x	as long as short
Aster PONSUSDTlong	+0.0100%	4h	$1.1M	$2.1M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	$29K	$321K	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	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$26K	$502K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$62K	$497K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0153%	4h	$13.3M	$54.4M	20x	as long as short
Aevo PONS-PERP	+0.0192%	1h	$371	—	3x	as long as short
KuCoin PONSUSDTM	+0.0208%	4h	$1.7M	$3.2M	20x	as long as short
Bitget PONSUSDT	+0.0232%	4h	$4.6M	$11.1M	20x	as long as short
Bybit PONSUSDT	+0.0257%	4h	$18.2M	$29.1M	20x	as long as short
Nado PONS-PERP	+0.0315%	1h	$113K	$71K	5x	as long as short
Variational Omni PONS	+0.0368%	4h	$1.2M	$3.9M	—	as long as short
Binance PONSUSDT	+0.0381%	4h	$39.2M	$96.4M	20x	as long as short
MEXC PONS_USDT	+0.0388%	4h	$7.3M	$5.2M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	$89K	$545K	5x	as long as short
Hyperliquid PONS	+0.0429%	1h	$59.6M	$28.2M	3x	as long as short
BingX PONS-USDT	+0.0434%	4h	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0434%	4h	$21K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0505%	1h	$50K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$123K	3x	as long as short
BloFin PONS-USDT	+0.0628%	4h	$1.8M	$958K	20x	as long as short
Phemex PONSUSDT	+0.0671%	4h	$1.7M	$3.3M	20x	as long as short
Lighter RH PONSshort	+0.0712%	1h	$417K	$2.3M	3x
Lighter PONS	+0.1232%	1h	$1.7M	$795K	3x	as long as short
Phoenix PONS	+0.1528%	1h	$24K	$61K	3x	as long as short