PONS

Alert

Funding spread now, next payment 17:00 UTC+0.0712%/8h

next payment, per $10,000+$0.89paid, last 24h+0.189%paid, last 7 days+0.342%to open and close $10k−$63

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.342% in total (about 17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 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	0.5901	0.0360	pay 0.0045% / 1h	3m 18s	$88K	$537K	5x
Short	Lighter PONS	0.5909	0.1072	get 0.0134% / 1h	3m 18s	$1.7M	$834K	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 LighterbpOrdersRate

Funding earned: $149.52
Slippage, 4 orders: −$57.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $86.89
Break-even: 2.9 days

Slippage from Extended: live order book, 41 min ago; Lighter: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.142%
Avg gap 7d: +0.073%

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, 41 min ago	8.59 bp	22.4 bp −$22	138.5 bp −$1,385	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	5.80 bp	6.5 bp −$6	16.0 bp −$160	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	+0.0008%	4h	$5.3M	$7.7M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$213K	—	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	$18K	$492K	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	$29K	$321K	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	$26K	$504K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$63K	$498K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0141%	4h	$13.1M	$54.3M	20x	as long as short
Aevo PONS-PERP	+0.0176%	1h	$368	—	3x	as long as short
KuCoin PONSUSDTM	+0.0206%	4h	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0214%	4h	$4.5M	$11.1M	20x	as long as short
Phemex PONSUSDT	+0.0223%	4h	$1.7M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0312%	1h	$112K	$71K	5x	as long as short
Bybit PONSUSDT	+0.0333%	4h	$17.9M	$29.4M	20x	as long as short
Variational Omni PONS	+0.0343%	4h	$1.2M	$3.9M	—	as long as short
Binance PONSUSDT	+0.0360%	4h	$38.4M	$97.3M	20x	as long as short
Extended PONS-USDlong	+0.0360%	1h	$88K	$537K	5x
MEXC PONS_USDT	+0.0368%	4h	$7.0M	$5.2M	20x	as long as short
Hyperliquid PONS	+0.0384%	1h	$59.1M	$28.5M	3x	as long as short
BingX PONS-USDT	+0.0386%	4h	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0389%	4h	$21K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0478%	1h	$49K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0609%	4h	$1.8M	$950K	20x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$119K	3x	as long as short
Lighter RH PONS	+0.0640%	1h	$414K	$2.3M	3x	as long as short
Lighter PONSshort	+0.1072%	1h	$1.7M	$834K	3x
Phoenix PONS	+0.1528%	1h	$24K	$61K	3x	as long as short