PONS

Alert

Funding spread now, next payment 16:00 UTC+0.1029%/8h

next payment, per $10,000+$1.29paid, last 24h+0.226%paid, last 4 days+0.657%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5738	0.0033	pay 0.0004% / 1h	17m 22s	$590	$15K	5.5x
Short	Hyperliquid PONS	0.6214	0.1063	get 0.0133% / 1h	17m 22s	$63.1M	$26.6M	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee HyperliquidbpOrdersRate

Funding earned: $216.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $207.13
Break-even: 0.3 days

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: +8.296%
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 Injective no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 8 min ago	0.81 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$224K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	$590	$15K	5.5x
Gate PONS_USDT	+0.0042%	4h	$5.5M	$7.3M	20x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$19K	$463K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$39K	$318K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$2K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$28K	$472K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$496K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0142%	4h	$14.4M	$54.8M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	$387	—	3x	as long as short
Aster PONSUSDT	+0.0238%	4h	$1.1M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0342%	4h	$1.8M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0400%	1h	$433K	$2.2M	3x	as long as short
Bitget PONSUSDT	+0.0412%	4h	$4.8M	$10.8M	20x	as long as short
Pacifica PONS	+0.0472%	1h	$50K	$166K	3x	as long as short
Polymarket Perps PONS-USD	+0.0534%	1h	$67K	$1.8M	3x	as long as short
MEXC PONS_USDT	+0.0558%	4h	$7.9M	$5.1M	20x	as long as short
Variational Omni PONS	+0.0558%	4h	$1.7M	$3.5M	—	as long as short
Binance PONSUSDT	+0.0559%	4h	$41.4M	$93.0M	20x	as long as short
edgeX PONSUSDC	+0.0560%	4h	$21K	$289K	10x	as long as short
Extended PONS-USD	+0.0560%	1h	$93K	$533K	5x	as long as short
BingX PONS-USDT	+0.0629%	4h	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0645%	1h	$113K	$67K	5x	as long as short
Bybit PONSUSDT	+0.0661%	4h	$19.8M	$27.1M	20x	as long as short
BloFin PONS-USDT	+0.0790%	4h	$1.9M	$913K	20x	as long as short
Lighter PONS	+0.1024%	1h	$1.8M	$772K	3x	as long as short
Hyperliquid PONSshort	+0.1063%	1h	$63.1M	$26.6M	3x
Phoenix PONS	+0.1489%	1h	$25K	$51K	3x	as long as short