PONS

Alert

Funding spread now, next payment 19:00 UTC+0.0212%/8h

next payment, per $10,000+$0.27paid, last 24h+0.026%paid, last 7 days+0.043%to open and close $10k−$40

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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	0.5826	0.0100	pay 0.0013% / 1h	32m 20s	$58.0M	$29.8M	3x
Short	Lighter RH PONS	0.5824	0.0312	get 0.0039% / 1h	32m 20s	$414K	$2.4M	3x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Lighter RHbpOrdersRate

Funding earned: $44.52
Slippage, 4 orders: −$31.31
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $4.21
Break-even: 6.3 days

Slippage from Hyperliquid: live order book, 13 min ago; Lighter RH: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.024%
Avg gap 7d: −0.014%

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, 13 min ago	1.54 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	5.07 bp	11.7 bp −$12	46.9 bp −$469	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	−0.0162%	4h	$5.2M	$7.2M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$210K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$3K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$512K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	$72K	$94K	5x	as long as short
Hyperliquid PONSlong	+0.0100%	1h	$58.0M	$29.8M	3x
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	$16.9M	$31.2M	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	$1.3M	$4.1M	—	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	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$61K	$500K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0136%	4h	$4.6M	$11.6M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	$363	—	3x	as long as short
Pacifica PONS	+0.0157%	1h	$46K	$116K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0174%	4h	$12.9M	$55.4M	20x	as long as short
Binance PONSUSDT	+0.0253%	4h	$37.6M	$99.3M	20x	as long as short
Extended PONS-USD	+0.0256%	1h	$87K	$542K	5x	as long as short
MEXC PONS_USDT	+0.0258%	4h	$7.0M	$5.3M	20x	as long as short
BingX PONS-USDT	+0.0265%	4h	—	$3.3M	—	as long as short
edgeX PONSUSDC	+0.0277%	4h	$20K	$293K	10x	as long as short
Lighter RH PONSshort	+0.0312%	1h	$414K	$2.4M	3x
Polymarket Perps PONS-USD	+0.0427%	1h	$72K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0499%	4h	$1.7M	$972K	20x	as long as short
Lighter PONS	+0.0920%	1h	$1.7M	$868K	3x	as long as short
Phoenix PONS	+0.1299%	1h	$24K	$70K	3x	as long as short