Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h −0.065%
Price spread now: Binance against Hyperliquid−0.012%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days+0.045%+$4 · spread now −0.012%, 7d avg +0.011%
=Together, before fees+0.044%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.023% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.011%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.5912 | 0.0476 | pay 0.0060% / 1h | 9m 28s | $60.4M | $28.0M | 3x |
| Short | Binance PONSUSDT | 0.5911 | 0.0604 | get 0.0302% / 4h | 3h 09m | $38.7M | $94.3M | 20x |
Hyperliquid PONS
Binance PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $26.84
- Price spread: −0.012% → +0.011%
- −$2.32
- Slippage, 4 orders
- −$32.79
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.27
- Costs to cover
- 0.518%
- Break-even
- 14.1 days
Slippage from Hyperliquid: live order book, 4 min ago; Binance: live order book, 3 min ago.
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, 4 min ago | 0.17 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.84 bp | 15.2 bp −$15 | 41.4 bp −$414 | 193.2 bp −$19.3K | doesn't fit |
PONS on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0032% | 1h | 0.5903 | −0.151% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.978% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5917 | +0.086% | $417K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5912 | +0.005% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5916 | +0.078% | $69K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5935 | +0.391% | $34K | $339K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5914 | +0.046% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5917 | +0.088% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5912 | +0.007% | $25K | $541K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5933 | +0.362% | $64K | $512K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5923 | +0.191% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5911 | −0.005% | $368 | — | 3x | as long as short |
| Gate PONS_USDT | +0.0346% | 4h | 0.5913 | +0.022% | $5.2M | $6.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0350% | 4h | 0.5905 | −0.113% | $13.5M | $54.0M | 20x | as long as short |
| Lighter PONS | +0.0440% | 1h | 0.5916 | +0.073% | $1.6M | $895K | 3x | as long as short |
| Variational Omni PONS | +0.0440% | 4h | 0.5911 | −0.005% | $1.4M | $4.0M | — | as long as short |
| Hyperliquid PONSlong | +0.0476% | 1h | 0.5912 | long leg | $60.4M | $28.0M | 3x | |
| Aster PONSUSDT | +0.0503% | 4h | 0.5910 | −0.031% | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.0536% | 4h | 0.5912 | +0.012% | $4.6M | $11.6M | 20x | as long as short |
| Binance PONSUSDTshort | +0.0604% | 4h | 0.5911 | −0.012% | $38.7M | $94.3M | 20x | |
| Extended PONS-USD | +0.0608% | 1h | 0.5918 | +0.114% | $106K | $807K | 5x | as long as short |
| MEXC PONS_USDT | +0.0608% | 4h | 0.5907 | −0.080% | $7.5M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0610% | 4h | 0.5945 | +0.560% | $18K | $292K | 10x | as long as short |
| BingX PONS-USDT | +0.0716% | 4h | 0.5908 | −0.063% | — | $3.0M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0737% | 1h | 0.5911 | −0.019% | $80K | $1.7M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0742% | 4h | 0.5908 | −0.069% | $1.6M | $3.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0848% | 4h | 0.5922 | +0.174% | $1.7M | $942K | 20x | as long as short |
| Bybit PONSUSDT | +0.0855% | 4h | 0.5904 | −0.130% | $17.5M | $30.7M | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.5920 | +0.137% | $46K | $68K | 3x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.5945 | +0.568% | $45K | $109K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Gate PONS_USDT
OKX PONS-USDT-SWAP
Lighter PONS
Variational Omni PONS
Aster PONSUSDT
Bitget PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
BingX PONS-USDT
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BloFin PONS-USDT
Bybit PONSUSDT
Pacifica PONS
Phoenix PONS