PONS

Alert

Funding spread now, next payment 20:00 UTC−0.2862%/8h

next payment, per $10,000−$14.31paid, last 24h+0.003%paid, last 7 days+0.193%to open and close $10k−$126

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PONSUSDTM	0.6151	0.0262	pay 0.0131% / 4h	3h 50m	$1.8M	$3.1M	20x
Short	Gate PONS_USDT	0.6155	−0.2600	pay 0.1300% / 4h	3h 50m	$5.5M	$7.3M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersRate

Funding earned: −$601.02
Slippage, 4 orders: −$99.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$727.28
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.067%
Avg gap 7d: −0.026%

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 KuCoin live order book, 4 min ago	4.13 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.03 bp	44.1 bp −$44	540.3 bp −$5,403	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate PONS_USDTshort	−0.2600%	4h	$5.5M	$7.3M	20x
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$222K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$11K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$13K	$463K	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	$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	$27K	$466K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$490K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0140%	4h	$14.2M	$54.3M	20x	as long as short
Aevo PONS-PERP	+0.0208%	1h	$383	—	3x	as long as short
KuCoin PONSUSDTMlong	+0.0262%	4h	$1.8M	$3.1M	20x
Bybit PONSUSDT	+0.0289%	4h	$19.5M	$27.4M	20x	as long as short
Bitget PONSUSDT	+0.0316%	4h	$4.8M	$10.8M	20x	as long as short
Nado PONS-PERP	+0.0354%	1h	$111K	$68K	5x	as long as short
Variational Omni PONS	+0.0488%	4h	$1.6M	$3.5M	—	as long as short
MEXC PONS_USDT	+0.0494%	4h	$7.5M	$5.0M	20x	as long as short
Binance PONSUSDT	+0.0495%	4h	$40.9M	$93.1M	20x	as long as short
Extended PONS-USD	+0.0496%	1h	$92K	$533K	5x	as long as short
BingX PONS-USDT	+0.0498%	4h	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0542%	4h	$21K	$291K	10x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$126K	3x	as long as short
Polymarket Perps PONS-USD	+0.0662%	1h	$63K	$1.8M	3x	as long as short
Hyperliquid PONS	+0.0703%	1h	$62.1M	$26.9M	3x	as long as short
Lighter RH PONS	+0.0728%	1h	$432K	$2.2M	3x	as long as short
BloFin PONS-USDT	+0.0735%	4h	$1.8M	$939K	20x	as long as short
Lighter PONS	+0.1368%	1h	$1.8M	$770K	3x	as long as short
Phemex PONSUSDT	+0.1417%	4h	$1.7M	$3.3M	20x	as long as short
Phoenix PONS	+0.1528%	1h	$25K	$61K	3x	as long as short