PONS

Alert

Funding spread now, next payment 17:00 UTC+0.0385%/8h

paid, last 24h+0.118%paid, last 3 days+0.197%to open and closeno order book

Long on Injective Short on Variational Omni

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	24m 12s	$590	$11K	5.5x
Short	Variational Omni PONS	0.6121	0.0418	get 0.0209% / 4h	3h 24m	$1.3M	$3.8M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Variational OmnibpOrdersRate

Funding earned: $80.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $80.82
Break-even: 0.0 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +6.668%
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 Variational Omni RFQ quote, 1 min ago	4.09 bp	doesn't fit	33.5 bp −$335	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
Gate PONS_USDT	−0.0502%	4h	$5.5M	$7.4M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$220K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	$590	$11K	5.5x
Popdex PONSUSDT	+0.0096%	1h	$19K	$473K	20x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$38K	$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	$27K	$467K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$64K	$494K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0138%	4h	$14.0M	$54.1M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	$379	—	3x	as long as short
KuCoin PONSUSDTM	+0.0238%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0246%	4h	$4.7M	$10.9M	20x	as long as short
Nado PONS-PERP	+0.0319%	1h	$110K	$68K	5x	as long as short
Bybit PONSUSDT	+0.0378%	4h	$18.8M	$28.0M	20x	as long as short
Variational Omni PONSshort	+0.0418%	4h	$1.3M	$3.8M	—
Extended PONS-USD	+0.0456%	1h	$91K	$543K	5x	as long as short
Binance PONSUSDT	+0.0457%	4h	$40.3M	$94.0M	20x	as long as short
MEXC PONS_USDT	+0.0468%	4h	$7.5M	$5.1M	20x	as long as short
edgeX PONSUSDC	+0.0480%	4h	$21K	$291K	10x	as long as short
Hyperliquid PONS	+0.0502%	1h	$61.2M	$27.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0576%	1h	$59K	$1.8M	3x	as long as short
BingX PONS-USDT	+0.0592%	4h	—	$3.1M	—	as long as short
Pacifica PONS	+0.0616%	1h	$50K	$123K	3x	as long as short
BloFin PONS-USDT	+0.0710%	4h	$1.8M	$941K	20x	as long as short
Lighter RH PONS	+0.0776%	1h	$424K	$2.3M	3x	as long as short
Lighter PONS	+0.1392%	1h	$1.8M	$783K	3x	as long as short
Phoenix PONS	+0.1528%	1h	$25K	$61K	3x	as long as short