PONS

Alert

Funding spread now, next payment 20:00 UTC−0.0250%/8h

next payment, per $10,000−$1.25paid, last 24h+0.046%paid, last 7 days−0.130%to open and close $10k−$69

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.25 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	edgeX PONSUSDC	0.6089	0.0465	pay 0.0232% / 4h	3h 20m	$21K	$292K	10x
Short	Bybit PONSUSDT	0.5994	0.0214	get 0.0107% / 4h	3h 20m	$18.5M	$28.8M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee BybitbpOrdersRate

Funding earned: −$52.54
Slippage, 4 orders: −$48.85
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$121.39
Break-even: never at this rate

Slippage from edgeX: live order book, 24 min ago; Bybit: live order book, 5 min ago.

Price risk

price view

Price gap now: −1.553%
Avg gap 7d: −0.026%

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 edgeX live order book, 24 min ago	11.30 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.64 bp	18.0 bp −$18	43.3 bp −$433	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	−0.0714%	4h	$5.4M	$7.5M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$219K	—	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	$11K	$472K	20x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$38K	$317K	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	$468K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$64K	$494K	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	+0.0137%	4h	$13.4M	$54.1M	20x	as long as short
Aevo PONS-PERP	+0.0192%	1h	$378	—	3x	as long as short
KuCoin PONSUSDTM	+0.0202%	4h	$1.7M	$3.1M	20x	as long as short
Bybit PONSUSDTshort	+0.0214%	4h	$18.5M	$28.8M	20x
Bitget PONSUSDT	+0.0240%	4h	$4.6M	$11.0M	20x	as long as short
Nado PONS-PERP	+0.0315%	1h	$108K	$68K	5x	as long as short
Variational Omni PONS	+0.0403%	4h	$1.3M	$3.7M	—	as long as short
Binance PONSUSDT	+0.0429%	4h	$39.5M	$95.5M	20x	as long as short
Extended PONS-USD	+0.0440%	1h	$89K	$546K	5x	as long as short
MEXC PONS_USDT	+0.0440%	4h	$7.2M	$5.1M	20x	as long as short
BingX PONS-USDT	+0.0452%	4h	—	$3.1M	—	as long as short
edgeX PONSUSDClong	+0.0465%	4h	$21K	$292K	10x
Hyperliquid PONS	+0.0467%	1h	$60.4M	$27.6M	3x	as long as short
Polymarket Perps PONS-USD	+0.0535%	1h	$61K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$123K	3x	as long as short
BloFin PONS-USDT	+0.0681%	4h	$1.8M	$954K	20x	as long as short
Lighter RH PONS	+0.0744%	1h	$418K	$2.3M	3x	as long as short
Lighter PONS	+0.1384%	1h	$1.8M	$787K	3x	as long as short
Phoenix PONS	+0.1528%	1h	$24K	$61K	3x	as long as short