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 19:00 UTC0.0000%/8h
paid, last 24h−0.201%paid, last 7 days−0.433%to open and close $10k−$103
Long on HyperliquidShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PONS0.58490.0100pay 0.0013% / 1h45m 22s$58.2M$29.9M3x
ShortPhemex PONSUSDT0.58400.0100get 0.0050% / 4h1h 45m$1.7M$3.3M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$81.8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$102.8
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Phemex: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.147%
Avg gap 7d
−0.005%
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, 10 min ago0.09 bp10.0 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 5 min ago0.86 bp39.7 bp −$40doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PONS_USDT+0.0004%4h$5.2M$7.2M20xas long as short
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0032%1h$211K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$3K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$19K$511K20xas long as short
Nado PONS-PERP+0.0100%1h$72K$95K5xas long as short
Hyperliquid PONSlong+0.0100%1h$58.2M$29.9M3x
Aster PONSUSDT+0.0100%4h$1.1M$2.1M20xas long as short
Bybit PONSUSDT+0.0100%4h$17.0M$31.2M20xas 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
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni PONSUSDT+0.0100%1h$28K$316K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h$27K$533K3xas long as short
HTX PONS-USDT+0.0100%4h$62K$499K20xas long as short
Phemex PONSUSDTshort+0.0100%4h$1.7M$3.3M20x
Bitget PONSUSDT+0.0132%4h$4.6M$11.6M20xas long as short
Aevo PONS-PERP+0.0152%1h$364—3xas long as short
Pacifica PONS+0.0157%1h$46K$119K3xas long as short
OKX PONS-USDT-SWAP+0.0158%4h$13.1M$55.9M20xas long as short
MEXC PONS_USDT+0.0284%4h$7.0M$5.3M20xas long as short
Binance PONSUSDT+0.0287%4h$37.7M$99.8M20xas long as short
Extended PONS-USD+0.0288%1h$87K$545K5xas long as short
BingX PONS-USDT+0.0300%4h—$3.3M—as long as short
edgeX PONSUSDC+0.0303%4h$20K$293K10xas long as short
Polymarket Perps PONS-USD+0.0467%1h$66K$1.8M3xas long as short
BloFin PONS-USDT+0.0529%4h$1.7M$978K20xas long as short
Lighter RH PONS+0.0688%1h$418K$2.4M3xas long as short
Lighter PONS+0.1072%1h$1.7M$867K3xas long as short
Phoenix PONS+0.1299%1h$24K$70K3xas long as short