data as of
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Funding arb /

PONS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 18:00 UTC−0.0015%/8h
paid, last 24h−0.154%paid, last 7 days−0.346%to open and close $10k−$44
Long on HyperliquidShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PONS0.57910.0115pay 0.0014% / 1h0m 01s$57.6M$29.7M3x
ShortAster PONSUSDT0.57870.0100get 0.0050% / 4h2h 00m$1.0M$2.1M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$3.07
Slippage, 4 orders
−$27.26
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$47.33
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Aster: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.077%
Avg gap 7d
−0.064%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago2.06 bp7.9 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 5 min ago3.94 bp12.3 bp −$1238.3 bp −$383doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0032%1h$209K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$7K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$18K$510K20xas long as short
Nado PONS-PERP+0.0100%1h$71K$95K5xas long as short
Aster PONSUSDTshort+0.0100%4h$1.0M$2.1M20x
Bybit PONSUSDT+0.0100%4h$17.1M$31.0M20xas long as short
Gate PONS_USDT+0.0100%4h$5.2M$7.8M20xas long as short
KuCoin PONSUSDTM+0.0100%4h$1.7M$3.5M20xas long as short
Variational Omni PONS+0.0100%4h$1.3M$4.1M—as long as short
ApeX Omni PONSUSDT+0.0100%1h$28K$319K5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h$26K$528K3xas long as short
HTX PONS-USDT+0.0100%4h$61K$498K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.7M$3.3M20xas long as short
Lighter RH PONS+0.0104%1h$402K$2.4M3xas long as short
Hyperliquid PONSlong+0.0115%1h$57.6M$29.7M3x
Bitget PONSUSDT+0.0128%4h$4.5M$11.5M20xas long as short
OKX PONS-USDT-SWAP+0.0150%4h$12.9M$55.5M20xas long as short
Aevo PONS-PERP+0.0152%1h$361—3xas long as short
Extended PONS-USD+0.0272%1h$86K$545K5xas long as short
Binance PONSUSDT+0.0275%4h$37.3M$99.6M20xas long as short
MEXC PONS_USDT+0.0278%4h$6.9M$5.4M20xas long as short
Pacifica PONS+0.0285%1h$46K$119K3xas long as short
BingX PONS-USDT+0.0302%4h—$3.3M—as long as short
edgeX PONSUSDC+0.0305%4h$20K$293K10xas long as short
Polymarket Perps PONS-USD+0.0343%1h$74K$1.8M3xas long as short
BloFin PONS-USDT+0.0520%4h$1.7M$961K20xas long as short
Lighter PONS+0.0600%1h$1.7M$874K3xas long as short
Phoenix PONS+0.1523%1h$23K$61K3xas long as short