PONS

Alert

Funding spread now, next payment 17:00 UTC−0.1120%/8h

next payment, per $10,000−$1.40paid, last 24h−0.186%paid, last 7 days−0.340%to open and close $10k−$66

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.340% in total (about -17.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.40 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	Lighter PONS	0.6245	0.1648	pay 0.0206% / 1h	57m 27s	$1.8M	$763K	3x
Short	Extended PONS-USD	0.6231	0.0528	get 0.0066% / 1h	57m 27s	$93K	$533K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ExtendedbpOrdersRate

Funding earned: −$235.2
Slippage, 4 orders: −$60.67
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$300.87
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Extended: live order book, 52 min ago.

Price risk

price view

Price gap now: −0.220%
Avg gap 7d: −0.074%

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, 5 min ago	4.81 bp	8.5 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Extended live order book, 52 min ago	12.60 bp	26.1 bp −$26	132.3 bp −$1,323	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	−0.2308%	4h	$5.6M	$7.2M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$224K	—	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	$19K	$453K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$39K	$313K	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
OKX PONS-USDT-SWAP	+0.0138%	4h	$14.4M	$54.7M	20x	as long as short
Aster PONSUSDT	+0.0178%	4h	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0214%	4h	$20.0M	$27.1M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	$388	—	3x	as long as short
KuCoin PONSUSDTM	+0.0284%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0340%	4h	$4.8M	$10.7M	20x	as long as short
Nado PONS-PERP	+0.0350%	1h	$113K	$68K	5x	as long as short
Variational Omni PONS	+0.0511%	4h	$1.7M	$3.4M	—	as long as short
MEXC PONS_USDT	+0.0524%	4h	$7.8M	$5.0M	20x	as long as short
Binance PONSUSDT	+0.0525%	4h	$41.4M	$92.7M	20x	as long as short
Extended PONS-USDshort	+0.0528%	1h	$93K	$533K	5x
edgeX PONSUSDC	+0.0546%	4h	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0586%	4h	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0610%	1h	$63K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$50K	$126K	3x	as long as short
Hyperliquid PONS	+0.0726%	1h	$63.3M	$26.7M	3x	as long as short
BloFin PONS-USDT	+0.0769%	4h	$1.9M	$922K	20x	as long as short
Lighter RH PONS	+0.0816%	1h	$433K	$2.2M	3x	as long as short
Phoenix PONS	+0.1528%	1h	$25K	$51K	3x	as long as short
Lighter PONSlong	+0.1648%	1h	$1.8M	$763K	3x