PONS

Alert

Funding spread now, next payment 19:00 UTC+0.0540%/8h

paid, last 24h+0.064%paid, last 7 days+0.070%to open and close $10k−$65

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.6% 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	Bitget PONSUSDT	0.5799	0.0124	pay 0.0062% / 4h	1h 59m	$4.5M	$11.5M	20x
Short	Hyperliquid PONS	0.5790	0.0664	get 0.0083% / 1h	59m 37s	$57.6M	$29.8M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee HyperliquidbpOrdersRate

Funding earned: $113.45
Slippage, 4 orders: −$43.56
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $48.89
Break-even: 4.0 days

Slippage from Bitget: live order book, just now; Hyperliquid: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.157%
Avg gap 7d: +0.012%

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 Bitget live order book, just now	3.36 bp	21.3 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	2.06 bp	13.7 bp −$14	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 −0.0032%	1h	$209K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$7K	5.5x	as long as short
Gate PONS_USDT	+0.0078%	4h	$5.2M	$7.2M	20x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$18K	$510K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	$71K	$95K	5x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.0M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	$17.0M	$31.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	$1.7M	$3.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	$1.3M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$28K	$319K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$3K	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	$528K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$61K	$498K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Lighter RH PONS	+0.0104%	1h	$402K	$2.3M	3x	as long as short
Bitget PONSUSDTlong	+0.0124%	4h	$4.5M	$11.5M	20x
OKX PONS-USDT-SWAP	+0.0150%	4h	$13.0M	$55.5M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	$361	—	3x	as long as short
Extended PONS-USD	+0.0272%	1h	$86K	$545K	5x	as long as short
Binance PONSUSDT	+0.0273%	4h	$37.3M	$99.7M	20x	as long as short
MEXC PONS_USDT	+0.0274%	4h	$6.9M	$5.3M	20x	as long as short
Pacifica PONS	+0.0285%	1h	$46K	$119K	3x	as long as short
BingX PONS-USDT	+0.0296%	4h	—	$3.3M	—	as long as short
edgeX PONSUSDC	+0.0305%	4h	$20K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0343%	1h	$74K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0520%	4h	$1.7M	$961K	20x	as long as short
Lighter PONS	+0.0584%	1h	$1.7M	$867K	3x	as long as short
Hyperliquid PONSshort	+0.0664%	1h	$57.6M	$29.8M	3x
Phoenix PONS	+0.1523%	1h	$23K	$61K	3x	as long as short