PONS

Alert

Funding spread now, next payment 15:00 UTC+0.0325%/8h

paid, last 24h+0.055%paid, last 7 days+0.116%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.0% 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	Bybit PONSUSDT	0.6394	0.0698	pay 0.0349% / 4h	1h 05m	$20.8M	$26.8M	20x
Short	Hyperliquid PONS	0.6411	0.1023	get 0.0128% / 1h	5m 54s	$65.3M	$25.9M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee HyperliquidbpOrdersRate

Funding earned: $68.29
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $48.29
Break-even: 2.1 days

Slippage unknown: Bybit: live order book, 4 min ago; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.260%
Avg gap 7d: +0.038%

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, 4 min ago	0.79 bp	16.1 bp −$16	42.5 bp −$425	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.02 bp	8.3 bp −$8	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	$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	$471K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$40K	$316K	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	$479K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$67K	$494K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0195%	4h	$15.2M	$57.5M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	$399	—	3x	as long as short
Lighter RH PONS	+0.0416%	1h	$443K	$2.2M	3x	as long as short
Aster PONSUSDT	+0.0440%	4h	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0507%	1h	$118K	$71K	5x	as long as short
Gate PONS_USDT	+0.0508%	4h	$5.7M	$7.3M	20x	as long as short
Variational Omni PONS	+0.0549%	4h	$1.9M	$3.4M	—	as long as short
Polymarket Perps PONS-USD	+0.0561%	1h	$80K	$1.8M	3x	as long as short
KuCoin PONSUSDTM	+0.0580%	4h	$1.9M	$2.8M	20x	as long as short
Bitget PONSUSDT	+0.0618%	4h	$5.0M	$10.6M	20x	as long as short
MEXC PONS_USDT	+0.0644%	4h	$8.2M	$5.0M	20x	as long as short
BingX PONS-USDT	+0.0652%	4h	—	$2.9M	—	as long as short
edgeX PONSUSDC	+0.0658%	4h	$22K	$288K	10x	as long as short
Binance PONSUSDT	+0.0662%	4h	$43.1M	$93.4M	20x	as long as short
Extended PONS-USD	+0.0664%	1h	$162K	$473K	5x	as long as short
Bybit PONSUSDTlong	+0.0698%	4h	$20.8M	$26.8M	20x
Pacifica PONS	+0.0858%	1h	$49K	$166K	3x	as long as short
BloFin PONS-USDT	+0.0885%	4h	$1.9M	$922K	20x	as long as short
Lighter PONS	+0.0944%	1h	$1.8M	$735K	3x	as long as short
Hyperliquid PONSshort	+0.1023%	1h	$65.3M	$25.9M	3x
Phoenix PONS	+0.1767%	1h	$26K	$45K	3x	as long as short