PONS

Alert

Funding spread now, next payment 16:00 UTC−0.0712%/8h

next payment, per $10,000−$3.56paid, last 24h+0.078%paid, last 7 days−0.059%to open and close $10k−$86

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.56 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	0.6220	0.0548	pay 0.0274% / 4h	8m 46s	$21K	$288K	10x
Short	Gate PONS_USDT	0.6249	−0.0164	pay 0.0082% / 4h	8m 46s	$5.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee GatebpOrdersRate

Funding earned: −$149.47
Slippage, 4 orders: −$61.65
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$235.12
Break-even: never at this rate

Slippage from edgeX: live order book, 41 min ago; Gate: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.470%
Avg gap 7d: −0.062%

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, 41 min ago	11.88 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.41 bp	21.6 bp −$22	81.7 bp −$817	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_USDTshort	−0.0164%	4h	$5.5M	$7.3M	20x
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	$15K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$455K	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	$470K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$495K	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	+0.0147%	4h	$14.5M	$55.1M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	$388	—	3x	as long as short
Aster PONSUSDT	+0.0217%	4h	$1.1M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0308%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0384%	4h	$4.8M	$10.7M	20x	as long as short
Lighter RH PONS	+0.0424%	1h	$430K	$2.2M	3x	as long as short
Pacifica PONS	+0.0472%	1h	$50K	$126K	3x	as long as short
Extended PONS-USD	+0.0536%	1h	$93K	$533K	5x	as long as short
MEXC PONS_USDT	+0.0536%	4h	$7.9M	$5.1M	20x	as long as short
Variational Omni PONS	+0.0537%	4h	$1.7M	$3.5M	—	as long as short
Binance PONSUSDT	+0.0541%	4h	$41.6M	$92.6M	20x	as long as short
edgeX PONSUSDClong	+0.0548%	4h	$21K	$288K	10x
Polymarket Perps PONS-USD	+0.0559%	1h	$67K	$1.8M	3x	as long as short
Nado PONS-PERP	+0.0609%	1h	$113K	$67K	5x	as long as short
BingX PONS-USDT	+0.0626%	4h	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0638%	4h	$20.0M	$27.1M	20x	as long as short
BloFin PONS-USDT	+0.0778%	4h	$1.9M	$918K	20x	as long as short
Hyperliquid PONS	+0.1051%	1h	$63.6M	$26.5M	3x	as long as short
Lighter PONS	+0.1112%	1h	$1.8M	$772K	3x	as long as short
Phoenix PONS	+0.1489%	1h	$25K	$51K	3x	as long as short