PONS

Alert

Funding spread now, next payment 16:00 UTC−0.0949%/8h

next payment, per $10,000−$1.19paid, last 24h−0.196%paid, last 7 days−0.469%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 -0.469% in total (about -24.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 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	Hyperliquid PONS	0.6222	0.1049	pay 0.0131% / 1h	9m 49s	$63.3M	$26.5M	3x
Short	ApeX Omni PONSUSDT	0.6213	0.0100	get 0.0013% / 1h	9m 49s	$39K	$318K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee ApeX OmnibpOrdersRate

Funding earned: −$199.39
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$218.39
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 5 min ago; ApeX Omni: live order book, 39 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.143%
Avg gap 7d: +0.100%

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 Hyperliquid live order book, 5 min ago	2.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 39 min ago	10.53 bp	63.9 bp −$64	127.5 bp −$1,275	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	−0.0132%	4h	$5.5M	$7.3M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$224K	—	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	$19K	$456K	20x	as long as short
ApeX Omni PONSUSDTshort	+0.0100%	1h	$39K	$318K	5x
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	$467K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$496K	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	+0.0141%	4h	$14.5M	$54.8M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	$387	—	3x	as long as short
Aster PONSUSDT	+0.0218%	4h	$1.1M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0316%	4h	$1.8M	$3.1M	20x	as long as short
Lighter RH PONS	+0.0392%	1h	$437K	$2.2M	3x	as long as short
Bitget PONSUSDT	+0.0392%	4h	$4.8M	$10.7M	20x	as long as short
Pacifica PONS	+0.0472%	1h	$50K	$166K	3x	as long as short
Variational Omni PONS	+0.0537%	4h	$1.7M	$3.5M	—	as long as short
Binance PONSUSDT	+0.0541%	4h	$41.4M	$92.5M	20x	as long as short
MEXC PONS_USDT	+0.0542%	4h	$7.9M	$5.1M	20x	as long as short
Extended PONS-USD	+0.0544%	1h	$93K	$533K	5x	as long as short
edgeX PONSUSDC	+0.0545%	4h	$21K	$288K	10x	as long as short
Polymarket Perps PONS-USD	+0.0547%	1h	$67K	$1.8M	3x	as long as short
Nado PONS-PERP	+0.0616%	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	$19.9M	$27.1M	20x	as long as short
BloFin PONS-USDT	+0.0783%	4h	$1.9M	$910K	20x	as long as short
Hyperliquid PONSlong	+0.1049%	1h	$63.3M	$26.5M	3x
Lighter PONS	+0.1088%	1h	$1.8M	$772K	3x	as long as short
Phoenix PONS	+0.1489%	1h	$25K	$51K	3x	as long as short