PONS

Alert

Funding spread now, next payment 17:00 UTC+0.0479%/8h

paid, last 24h+0.130%paid, last 4 days+0.648%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	52m 39s	$590	$11K	5.5x
Short	MEXC PONS_USDT	0.6175	0.0512	get 0.0256% / 4h	3h 52m	$7.7M	$5.0M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee MEXCbpOrdersRate

Funding earned: $100.52
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $100.5
Break-even: 0.0 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +7.616%
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 MEXC live order book, 2 min ago	1.61 bp	4.7 bp −$5	12.4 bp −$124	363.8 bp −$36.4K	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
Gate PONS_USDT	−0.2436%	4h	$5.6M	$7.2M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$223K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	$590	$11K	5.5x
Popdex PONSUSDT	+0.0096%	1h	$19K	$452K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$39K	$314K	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	$463K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$490K	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
Aster PONSUSDT	+0.0126%	4h	$1.1M	$2.1M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0128%	4h	$14.3M	$54.1M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	$385	—	3x	as long as short
Lighter RH PONS	+0.0272%	1h	$428K	$2.2M	3x	as long as short
KuCoin PONSUSDTM	+0.0272%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0326%	4h	$4.8M	$10.7M	20x	as long as short
Nado PONS-PERP	+0.0375%	1h	$112K	$68K	5x	as long as short
Bybit PONSUSDT	+0.0462%	4h	$19.7M	$27.2M	20x	as long as short
BingX PONS-USDT	+0.0502%	4h	—	$3.1M	—	as long as short
Variational Omni PONS	+0.0503%	4h	$1.7M	$3.4M	—	as long as short
Binance PONSUSDT	+0.0504%	4h	$41.1M	$92.6M	20x	as long as short
Extended PONS-USD	+0.0512%	1h	$93K	$533K	5x	as long as short
MEXC PONS_USDTshort	+0.0512%	4h	$7.7M	$5.0M	20x
edgeX PONSUSDC	+0.0529%	4h	$21K	$290K	10x	as long as short
Pacifica PONS	+0.0616%	1h	$50K	$126K	3x	as long as short
Polymarket Perps PONS-USD	+0.0629%	1h	$63K	$1.8M	3x	as long as short
Hyperliquid PONS	+0.0689%	1h	$62.8M	$26.5M	3x	as long as short
BloFin PONS-USDT	+0.0754%	4h	$1.8M	$920K	20x	as long as short
Phoenix PONS	+0.1528%	1h	$25K	$61K	3x	as long as short
Lighter PONS	+0.1592%	1h	$1.8M	$769K	3x	as long as short