PONS

Alert

Funding spread now, next payment 16:00 UTC+0.0159%/8h

next payment, per $10,000+$0.20paid, last 24h+0.270%paid, last 4 days+0.727%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	40m 54s	$590	$15K	5.5x
Short	Lighter RH PONS	0.6310	0.0192	get 0.0024% / 1h	40m 54s	$436K	$2.2M	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Lighter RHbpOrdersRate

Funding earned: $33.32
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $33.3
Break-even: 0.0 days

Slippage unknown: Injective: no order-book sample; Lighter RH: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +9.969%
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 Lighter RH live order book, 4 min ago	5.68 bp	10.3 bp −$10	47.5 bp −$475	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	$227K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	$590	$15K	5.5x
Popdex PONSUSDT	+0.0096%	1h	$20K	$470K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	$5.7M	$6.9M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$40K	$317K	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	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$28K	$483K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$67K	$497K	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	+0.0171%	4h	$15.0M	$55.8M	20x	as long as short
Lighter RH PONSshort	+0.0192%	1h	$436K	$2.2M	3x
Aevo PONS-PERP	+0.0232%	1h	$393	—	3x	as long as short
Aster PONSUSDT	+0.0404%	4h	$1.1M	$2.2M	20x	as long as short
Pacifica PONS	+0.0472%	1h	$48K	$166K	3x	as long as short
KuCoin PONSUSDTM	+0.0476%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0524%	4h	$5.0M	$10.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0575%	1h	$76K	$1.8M	3x	as long as short
Extended PONS-USD	+0.0600%	1h	$95K	$536K	5x	as long as short
MEXC PONS_USDT	+0.0602%	4h	$8.2M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0604%	4h	$42.5M	$93.5M	20x	as long as short
Variational Omni PONS	+0.0609%	4h	$1.8M	$3.4M	—	as long as short
edgeX PONSUSDC	+0.0644%	4h	$21K	$288K	10x	as long as short
Nado PONS-PERP	+0.0669%	1h	$115K	$67K	5x	as long as short
BingX PONS-USDT	+0.0724%	4h	—	$2.9M	—	as long as short
Bybit PONSUSDT	+0.0775%	4h	$20.5M	$26.9M	20x	as long as short
BloFin PONS-USDT	+0.0844%	4h	$1.9M	$923K	20x	as long as short
Lighter PONS	+0.1056%	1h	$1.8M	$715K	3x	as long as short
Hyperliquid PONS	+0.1136%	1h	$64.6M	$26.2M	3x	as long as short
Phoenix PONS	+0.1489%	1h	$26K	$51K	3x	as long as short