PONS

Alert

Funding spread now, next payment 15:00 UTC+0.0456%/8h

next payment, per $10,000+$0.57paid, last 24h+0.075%paid, last 7 days−0.146%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 -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 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	Extended PONS-USD	0.6381	0.0712	pay 0.0089% / 1h	57m 52s	$227K	$407K	5x
Short	Hyperliquid PONS	0.6387	0.1168	get 0.0146% / 1h	57m 52s	$64.7M	$25.1M	3x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HyperliquidbpOrdersRate

Funding earned: $95.71
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $81.71
Break-even: 1.0 days

Slippage unknown: Extended: live order book, 61 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.103%
Avg gap 7d: +0.034%

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 Extended live order book, 61 min ago	9.93 bp	23.4 bp −$23	145.3 bp −$1,453	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.18 bp	8.0 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 −0.0030%	1h	$234K	—	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	$475K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$40K	$320K	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	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$458K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$67K	$491K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0238%	4h	$15.3M	$57.7M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0264%	1h	$399	—	3x	as long as short
Aster PONSUSDT	+0.0465%	4h	$1.1M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0546%	4h	$1.8M	$3.3M	—	as long as short
KuCoin PONSUSDTM	+0.0578%	4h	$2.2M	$2.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.0591%	1h	$65K	$1.7M	3x	as long as short
Binance PONSUSDT	+0.0710%	4h	$43.0M	$92.4M	20x	as long as short
Extended PONS-USDlong	+0.0712%	1h	$227K	$407K	5x
Bybit PONSUSDT	+0.0716%	4h	$20.4M	$26.0M	20x	as long as short
MEXC PONS_USDT	+0.0718%	4h	$8.2M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0733%	4h	$22K	$291K	10x	as long as short
BingX PONS-USDT	+0.0752%	4h	—	$2.9M	—	as long as short
Bitget PONSUSDT	+0.0778%	4h	$5.1M	$10.2M	20x	as long as short
Nado PONS-PERP	+0.0851%	1h	$117K	$64K	5x	as long as short
Lighter RH PONS	+0.0856%	1h	$459K	$2.1M	3x	as long as short
Pacifica PONS	+0.0858%	1h	$49K	$165K	3x	as long as short
Lighter PONS	+0.0896%	1h	$1.8M	$726K	3x	as long as short
BloFin PONS-USDT	+0.0960%	4h	$1.9M	$904K	20x	as long as short
Hyperliquid PONSshort	+0.1168%	1h	$64.7M	$25.1M	3x
Gate PONS_USDT	+0.1488%	4h	$5.7M	$7.0M	20x	as long as short
Phoenix PONS	+0.1558%	1h	$26K	$45K	3x	as long as short