PONS

Alert

Funding spread now, next payment 19:00 UTC−0.0818%/8h

paid, last 24h−0.153%paid, last 7 days−0.501%to open and close $10k−$51

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.501% in total (about -26.1% a year). A funding rate is set anew for every payment. 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	Lighter PONS	0.5834	0.0952	pay 0.0119% / 1h	35m 28s	$1.7M	$868K	3x
Short	Bitget PONSUSDT	0.5827	0.0134	get 0.0067% / 4h	1h 35m	$4.6M	$11.6M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BitgetbpOrdersRate

Funding earned: −$171.78
Slippage, 4 orders: −$38.86
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$222.64
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; Bitget: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.117%
Avg gap 7d: −0.013%

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 Lighter live order book, 2 min ago	5.90 bp	8.1 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.92 bp	15.6 bp −$16	doesn't fit	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_USDT	−0.0130%	4h	$5.2M	$7.2M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$210K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$3K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$512K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	$72K	$94K	5x	as long as short
Hyperliquid PONS	+0.0100%	1h	$58.0M	$29.8M	3x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	$17.0M	$31.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	$1.7M	$3.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	$1.3M	$4.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni PONSUSDT	+0.0100%	1h	$34K	$317K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$27K	$532K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$62K	$500K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDTshort	+0.0134%	4h	$4.6M	$11.6M	20x
Aevo PONS-PERP	+0.0144%	1h	$363	—	3x	as long as short
Pacifica PONS	+0.0157%	1h	$46K	$116K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0166%	4h	$13.0M	$55.4M	20x	as long as short
Extended PONS-USD	+0.0264%	1h	$87K	$542K	5x	as long as short
Binance PONSUSDT	+0.0265%	4h	$37.6M	$99.4M	20x	as long as short
MEXC PONS_USDT	+0.0266%	4h	$7.0M	$5.3M	20x	as long as short
edgeX PONSUSDC	+0.0278%	4h	$20K	$292K	10x	as long as short
BingX PONS-USDT	+0.0282%	4h	—	$3.3M	—	as long as short
Lighter RH PONS	+0.0400%	1h	$416K	$2.4M	3x	as long as short
Polymarket Perps PONS-USD	+0.0427%	1h	$70K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0504%	4h	$1.7M	$983K	20x	as long as short
Lighter PONSlong	+0.0952%	1h	$1.7M	$868K	3x
Phoenix PONS	+0.1299%	1h	$24K	$70K	3x	as long as short