PONS

Alert

Funding spread now, next payment 16:00 UTC−0.0317%/8h

next payment, per $10,000−$1.59paid, last 24h−0.054%paid, last 7 days−0.102%to open and close $10k−$103

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.59 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	Aster PONSUSDT	0.6344	0.0417	pay 0.0209% / 4h	51m 38s	$1.1M	$2.2M	20x
Short	Phemex PONSUSDT	0.6370	0.0100	get 0.0050% / 4h	51m 38s	$1.8M	$3.3M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PhemexbpOrdersRate

Funding earned: −$66.65
Slippage, 4 orders: −$83.15
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$169.81
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Phemex: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.407%
Avg gap 7d: +0.047%

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, 3 min ago	3.62 bp	10.2 bp −$10	29.9 bp −$299	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.57 bp	41.4 bp −$41	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 −0.0031%	1h	$229K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$15K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$470K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$40K	$317K	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	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$475K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$67K	$493K	20x	as long as short
Phemex PONSUSDTshort	+0.0100%	4h	$1.8M	$3.3M	20x
Gate PONS_USDT	+0.0142%	4h	$5.7M	$6.8M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0179%	4h	$15.1M	$56.0M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	$397	—	3x	as long as short
Lighter RH PONS	+0.0288%	1h	$441K	$2.2M	3x	as long as short
Aster PONSUSDTlong	+0.0417%	4h	$1.1M	$2.2M	20x
Pacifica PONS	+0.0472%	1h	$49K	$166K	3x	as long as short
KuCoin PONSUSDTM	+0.0538%	4h	$1.8M	$2.9M	20x	as long as short
Bitget PONSUSDT	+0.0568%	4h	$4.9M	$10.7M	20x	as long as short
Variational Omni PONS	+0.0573%	4h	$1.8M	$3.4M	—	as long as short
Extended PONS-USD	+0.0624%	1h	$161K	$471K	5x	as long as short
MEXC PONS_USDT	+0.0624%	4h	$8.2M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0625%	4h	$42.6M	$93.1M	20x	as long as short
edgeX PONSUSDC	+0.0632%	4h	$22K	$289K	10x	as long as short
Polymarket Perps PONS-USD	+0.0654%	1h	$77K	$1.8M	3x	as long as short
BingX PONS-USDT	+0.0710%	4h	—	$2.9M	—	as long as short
Nado PONS-PERP	+0.0728%	1h	$117K	$71K	5x	as long as short
Bybit PONSUSDT	+0.0754%	4h	$20.6M	$26.8M	20x	as long as short
BloFin PONS-USDT	+0.0867%	4h	$1.9M	$925K	20x	as long as short
Hyperliquid PONS	+0.1151%	1h	$65.0M	$26.0M	3x	as long as short
Lighter PONS	+0.1288%	1h	$1.8M	$710K	3x	as long as short
Phoenix PONS	+0.1489%	1h	$26K	$51K	3x	as long as short