PONS

Alert

Funding spread now, next payment 16:00 UTC+0.1428%/8h

paid, last 24h+0.379%paid, last 7 days+1.943%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6112	0.0100	pay 0.0050% / 4h	3h 25m	$1.1M	$2.1M	20x
Short	Phoenix PONS	0.6165	0.1528	get 0.0191% / 1h	25m 37s	$25K	$61K	3x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PhoenixbpOrdersRate

Funding earned: $299.86
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $284.86
Break-even: 0.4 days

Slippage unknown: Aster: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.876%
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 Aster live order book, 4 min ago	4.06 bp	10.0 bp −$10	27.7 bp −$277	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0392%	4h	$5.5M	$7.4M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$220K	—	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	$19K	$473K	20x	as long as short
Aster PONSUSDTlong	+0.0100%	4h	$1.1M	$2.1M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	$38K	$318K	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	$27K	$461K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$65K	$491K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0142%	4h	$14.0M	$54.0M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	$381	—	3x	as long as short
KuCoin PONSUSDTM	+0.0242%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0250%	4h	$4.7M	$10.8M	20x	as long as short
Nado PONS-PERP	+0.0328%	1h	$110K	$68K	5x	as long as short
Variational Omni PONS	+0.0418%	4h	$1.3M	$3.8M	—	as long as short
Bybit PONSUSDT	+0.0449%	4h	$18.8M	$28.0M	20x	as long as short
Binance PONSUSDT	+0.0470%	4h	$40.5M	$93.7M	20x	as long as short
Extended PONS-USD	+0.0480%	1h	$92K	$542K	5x	as long as short
MEXC PONS_USDT	+0.0480%	4h	$7.5M	$5.1M	20x	as long as short
edgeX PONSUSDC	+0.0480%	4h	$21K	$291K	10x	as long as short
Hyperliquid PONS	+0.0520%	1h	$61.5M	$27.3M	3x	as long as short
BingX PONS-USDT	+0.0592%	4h	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0598%	1h	$60K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$50K	$123K	3x	as long as short
BloFin PONS-USDT	+0.0721%	4h	$1.8M	$946K	20x	as long as short
Lighter RH PONS	+0.0824%	1h	$426K	$2.3M	3x	as long as short
Lighter PONS	+0.1424%	1h	$1.8M	$783K	3x	as long as short
Phoenix PONSshort	+0.1528%	1h	$25K	$61K	3x