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 19:00 UTC−0.0004%/8h
next payment, per $10,000−$0.00paid, last 24h−0.202%paid, last 3 days−0.567%to open and close $10k−$215
Long on HyperliquidShort on Popdex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PONS0.58370.0100pay 0.0013% / 1h36m 55s$58.1M$29.8M3x
ShortPopdex PONSUSDT0.58360.0096get 0.0012% / 1h36m 55s$20K$512K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.84
Slippage, 4 orders
−$199.96
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$216.2
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Popdex: live order book, 63 min ago.

Price risk

price view
Price gap now
−0.014%
Avg gap 7d
+0.001%
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, 8 min ago1.54 bp8.0 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Popdex live order book, 63 min ago5.41 bp90.1 bp −$90doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PONS_USDT−0.0108%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 PONSUSDTshort+0.0096%1h$20K$512K20x
Nado PONS-PERP+0.0100%1h$72K$94K5xas long as short
Hyperliquid PONSlong+0.0100%1h$58.1M$29.8M3x
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$34K$317K5xas 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$500K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.7M$3.3M20xas long as short
Bitget PONSUSDT+0.0134%4h$4.6M$11.6M20xas long as short
Aevo PONS-PERP+0.0144%1h$363—3xas long as short
Pacifica PONS+0.0157%1h$46K$116K3xas long as short
OKX PONS-USDT-SWAP+0.0163%4h$13.0M$55.7M20xas long as short
MEXC PONS_USDT+0.0262%4h$7.0M$5.3M20xas long as short
Binance PONSUSDT+0.0264%4h$37.6M$99.5M20xas long as short
Extended PONS-USD+0.0264%1h$87K$542K5xas long as short
edgeX PONSUSDC+0.0278%4h$20K$292K10xas long as short
BingX PONS-USDT+0.0282%4h—$3.3M—as long as short
Lighter RH PONS+0.0400%1h$415K$2.4M3xas long as short
Polymarket Perps PONS-USD+0.0429%1h$71K$1.8M3xas long as short
BloFin PONS-USDT+0.0504%4h$1.7M$983K20xas long as short
Lighter PONS+0.1016%1h$1.7M$868K3xas long as short
Phoenix PONS+0.1299%1h$24K$70K3xas long as short