data as of
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Funding arb /

PONS

all PONS markets
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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 17:00 UTC−0.0031%/8h
paid, last 24h−0.105%paid, last 7 days−0.008%to open and close $10k−$35
Long on HyperliquidShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PONS0.60860.0487pay 0.0061% / 1h22m 24s$61.2M$27.2M3x
ShortMEXC PONS_USDT0.60880.0456get 0.0228% / 4h3h 22m$7.5M$5.1M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$6.53
Slippage, 4 orders
−$25.81
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 0 bp × 2 orders
$0
Net
−$41.34
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; MEXC: live order book, 7 min ago.

Price risk

price view
Price gap now
+0.041%
Avg gap 7d
−0.012%
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, 13 min ago4.28 bp19.8 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 7 min ago0.81 bp3.5 bp −$410.1 bp −$101310.5 bp −$31.1Kdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PONS_USDT−0.0666%4h$5.4M$7.4M20xas long as short
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0031%1h$219K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$11K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$19K$473K20xas long as short
Aster PONSUSDT+0.0100%4h$1.1M$2.1M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h$38K$317K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$2K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h$27K$467K3xas long as short
HTX PONS-USDT+0.0100%4h$64K$494K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h$1.7M$3.3M20xas long as short
OKX PONS-USDT-SWAP+0.0135%4h$13.9M$54.1M20xas long as short
Aevo PONS-PERP+0.0200%1h$379—3xas long as short
KuCoin PONSUSDTM+0.0240%4h$1.8M$3.1M20xas long as short
Bitget PONSUSDT+0.0240%4h$4.7M$10.9M20xas long as short
Nado PONS-PERP+0.0301%1h$110K$68K5xas long as short
Bybit PONSUSDT+0.0326%4h$18.7M$28.1M20xas long as short
Variational Omni PONS+0.0418%4h$1.3M$3.8M—as long as short
Binance PONSUSDT+0.0448%4h$40.3M$94.1M20xas long as short
Extended PONS-USD+0.0456%1h$91K$544K5xas long as short
MEXC PONS_USDTshort+0.0456%4h$7.5M$5.1M20x
Hyperliquid PONSlong+0.0487%1h$61.2M$27.2M3x
edgeX PONSUSDC+0.0494%4h$21K$291K10xas long as short
Polymarket Perps PONS-USD+0.0579%1h$59K$1.7M3xas long as short
BingX PONS-USDT+0.0592%4h—$3.1M—as long as short
Pacifica PONS+0.0616%1h$50K$123K3xas long as short
BloFin PONS-USDT+0.0697%4h$1.8M$959K20xas long as short
Lighter RH PONS+0.0744%1h$423K$2.3M3xas long as short
Lighter PONS+0.1400%1h$1.8M$784K3xas long as short
Phoenix PONS+0.1528%1h$25K$61K3xas long as short