PONS

Alert

Funding spread now, next payment 16:00 UTC+0.0287%/8h

next payment, per $10,000+$1.43paid, last 24h−0.034%paid, last 7 days+0.137%to open and close $10k−$71

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.43 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	Bybit PONSUSDT	0.6231	0.0259	pay 0.0130% / 4h	3h 57m	$20.0M	$27.2M	20x
Short	edgeX PONSUSDC	0.6230	0.0546	get 0.0273% / 4h	3h 57m	$21K	$292K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee edgeXbpOrdersRate

Funding earned: $60.27
Slippage, 4 orders: −$51.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.01
Break-even: 8.3 days

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 52 min ago.

Price risk

price view

Price gap now: −0.014%
Avg gap 7d: +0.025%

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 Bybit live order book, 2 min ago	0.80 bp	14.1 bp −$14	36.6 bp −$366	doesn't fit	doesn't fit
Sell edgeX live order book, 52 min ago	11.88 bp	20.2 bp −$20	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
Gate PONS_USDT	−0.2412%	4h	$5.6M	$7.2M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$225K	—	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	$453K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$39K	$314K	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	$463K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$490K	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	+0.0138%	4h	$14.4M	$54.7M	20x	as long as short
Aster PONSUSDT	+0.0178%	4h	$1.1M	$2.1M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	$389	—	3x	as long as short
Bybit PONSUSDTlong	+0.0259%	4h	$20.0M	$27.2M	20x
KuCoin PONSUSDTM	+0.0286%	4h	$1.8M	$3.1M	20x	as long as short
Nado PONS-PERP	+0.0335%	1h	$113K	$68K	5x	as long as short
Bitget PONSUSDT	+0.0342%	4h	$4.8M	$10.7M	20x	as long as short
Variational Omni PONS	+0.0511%	4h	$1.7M	$3.4M	—	as long as short
MEXC PONS_USDT	+0.0524%	4h	$7.8M	$5.0M	20x	as long as short
Binance PONSUSDT	+0.0525%	4h	$41.4M	$92.7M	20x	as long as short
Extended PONS-USD	+0.0528%	1h	$93K	$533K	5x	as long as short
edgeX PONSUSDCshort	+0.0546%	4h	$21K	$292K	10x
BingX PONS-USDT	+0.0586%	4h	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0611%	1h	$64K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$50K	$126K	3x	as long as short
Hyperliquid PONS	+0.0749%	1h	$63.3M	$26.7M	3x	as long as short
BloFin PONS-USDT	+0.0769%	4h	$1.9M	$922K	20x	as long as short
Lighter RH PONS	+0.0816%	1h	$433K	$2.2M	3x	as long as short
Phoenix PONS	+0.1489%	1h	$25K	$51K	3x	as long as short
Lighter PONS	+0.1648%	1h	$1.8M	$763K	3x	as long as short