PONS

Alert

Funding spread now, next payment 19:00 UTC−0.0067%/8h

next payment, per $10,000−$0.08paid, last 24h−0.227%paid, last 4 days−0.636%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PONS	0.5854	0.0100	pay 0.0013% / 1h	14m 23s	$58.3M	$29.9M	3x
Short	Injective PONS/USDC PERP	0.5738	0.0033	get 0.0004% / 1h	14m 23s	$590	$3K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersRate

Funding earned: −$14
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$23.02
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −1.983%
Avg gap 7d: —

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, 11 min ago	1.63 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PONS on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PONS_USDT	−0.0094%	4h	$5.2M	$7.3M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$211K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	$590	$3K	5.5x
Popdex PONSUSDT	+0.0096%	1h	$20K	$513K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	$72K	$95K	5x	as long as short
Hyperliquid PONSlong	+0.0100%	1h	$58.3M	$29.9M	3x
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	$17.2M	$31.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	$1.7M	$3.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	$1.2M	$4.2M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni PONSUSDT	+0.0100%	1h	$34K	$317K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$27K	$535K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$62K	$500K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Lighter RH PONS	+0.0112%	1h	$418K	$2.4M	3x	as long as short
Bitget PONSUSDT	+0.0144%	4h	$4.6M	$11.5M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	$364	—	3x	as long as short
Pacifica PONS	+0.0157%	1h	$46K	$116K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0185%	4h	$13.0M	$55.5M	20x	as long as short
Binance PONSUSDT	+0.0243%	4h	$37.7M	$99.4M	20x	as long as short
MEXC PONS_USDT	+0.0244%	4h	$7.1M	$5.4M	20x	as long as short
Extended PONS-USD	+0.0248%	1h	$87K	$540K	5x	as long as short
BingX PONS-USDT	+0.0258%	4h	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0261%	4h	$20K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0439%	1h	$65K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0485%	4h	$1.7M	$964K	20x	as long as short
Lighter PONS	+0.0896%	1h	$1.7M	$871K	3x	as long as short
Phoenix PONS	+0.1299%	1h	$24K	$70K	3x	as long as short