PONS

Alert

Funding spread now, next payment 20:00 UTC+0.0362%/8h

next payment, per $10,000+$1.81paid, last 24h0.000%paid, last 7 days+0.016%to open and close $10k−$370

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.81 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	HTX PONS-USDT	0.5967	0.0100	pay 0.0050% / 4h	3h 12m	$63K	$497K	20x
Short	Phemex PONSUSDT	0.5953	0.0462	get 0.0231% / 4h	3h 12m	$1.7M	$3.3M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee PhemexbpOrdersRate

Funding earned: $76.09
Slippage, 4 orders: −$345.64
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$293.55
Break-even: 34.0 days

Slippage from HTX: live order book, 32 min ago; Phemex: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.233%
Avg gap 7d: −0.009%

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 HTX live order book, 32 min ago	34.43 bp	152.7 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.52 bp	37.7 bp −$38	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
Gate PONS_USDT	−0.0366%	4h	$5.4M	$7.7M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$215K	—	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	$493K	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	$505K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	$63K	$497K	20x

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0150%	4h	$13.4M	$54.6M	20x	as long as short
Aevo PONS-PERP	+0.0176%	1h	$371	—	3x	as long as short
KuCoin PONSUSDTM	+0.0206%	4h	$1.7M	$3.2M	20x	as long as short
Bitget PONSUSDT	+0.0230%	4h	$4.6M	$11.1M	20x	as long as short
Bybit PONSUSDT	+0.0241%	4h	$18.2M	$29.1M	20x	as long as short
Nado PONS-PERP	+0.0324%	1h	$113K	$71K	5x	as long as short
Variational Omni PONS	+0.0368%	4h	$1.2M	$3.9M	—	as long as short
MEXC PONS_USDT	+0.0382%	4h	$7.3M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0383%	4h	$38.9M	$96.5M	20x	as long as short
Extended PONS-USD	+0.0384%	1h	$89K	$545K	5x	as long as short
edgeX PONSUSDC	+0.0396%	4h	$21K	$293K	10x	as long as short
BingX PONS-USDT	+0.0398%	4h	—	$3.2M	—	as long as short
Hyperliquid PONS	+0.0434%	1h	$59.7M	$28.3M	3x	as long as short
Phemex PONSUSDTshort	+0.0462%	4h	$1.7M	$3.3M	20x
Polymarket Perps PONS-USD	+0.0507%	1h	$54K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$123K	3x	as long as short
BloFin PONS-USDT	+0.0623%	4h	$1.8M	$956K	20x	as long as short
Lighter RH PONS	+0.0696%	1h	$417K	$2.3M	3x	as long as short
Lighter PONS	+0.1200%	1h	$1.7M	$826K	3x	as long as short
Phoenix PONS	+0.1528%	1h	$24K	$61K	3x	as long as short