PONS

Alert

Funding spread now, next payment 16:00 UTC+0.0434%/8h

paid, last 24h+0.026%paid, last 7 days−0.182%to open and close $10k−$42

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -9.5% 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	BingX PONS-USDT	0.6209	0.0634	pay 0.0317% / 4h	17m 54s	—	$3.1M	—
Short	Hyperliquid PONS	0.6224	0.1068	get 0.0134% / 1h	17m 54s	$63.2M	$26.6M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee HyperliquidbpOrdersRate

Funding earned: $91.22
Slippage, 4 orders: −$23.02
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $49.2
Break-even: 3.2 days

Slippage from BingX: live order book, 8 min ago; Hyperliquid: live order book, 7 min ago.

Price risk

price view

Price gap now: +0.237%
Avg gap 7d: −0.011%

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 BingX live order book, 8 min ago	2.43 bp	11.1 bp −$11	29.9 bp −$299	384.5 bp −$38.5K	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.81 bp	6.3 bp −$6	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	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$15K	5.5x	as long as short
Gate PONS_USDT	+0.0074%	4h	$5.5M	$7.3M	20x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$19K	$463K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$39K	$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	$28K	$472K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$496K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0148%	4h	$14.4M	$54.9M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	$388	—	3x	as long as short
Aster PONSUSDT	+0.0223%	4h	$1.1M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0350%	4h	$1.8M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0392%	1h	$434K	$2.2M	3x	as long as short
Bitget PONSUSDT	+0.0418%	4h	$4.8M	$10.8M	20x	as long as short
Pacifica PONS	+0.0472%	1h	$50K	$166K	3x	as long as short
Polymarket Perps PONS-USD	+0.0536%	1h	$67K	$1.8M	3x	as long as short
MEXC PONS_USDT	+0.0550%	4h	$7.9M	$5.1M	20x	as long as short
Variational Omni PONS	+0.0558%	4h	$1.7M	$3.5M	—	as long as short
Binance PONSUSDT	+0.0559%	4h	$41.4M	$93.2M	20x	as long as short
edgeX PONSUSDC	+0.0560%	4h	$21K	$289K	10x	as long as short
Extended PONS-USD	+0.0560%	1h	$93K	$533K	5x	as long as short
BingX PONS-USDTlong	+0.0634%	4h	—	$3.1M	—
Nado PONS-PERP	+0.0652%	1h	$113K	$67K	5x	as long as short
Bybit PONSUSDT	+0.0663%	4h	$19.8M	$27.2M	20x	as long as short
BloFin PONS-USDT	+0.0790%	4h	$1.9M	$913K	20x	as long as short
Lighter PONS	+0.1048%	1h	$1.8M	$772K	3x	as long as short
Hyperliquid PONSshort	+0.1068%	1h	$63.2M	$26.6M	3x
Phoenix PONS	+0.1489%	1h	$25K	$51K	3x	as long as short