PONS

Alert

Funding spread now, next payment 17:00 UTC−0.1167%/8h

next payment, per $10,000−$1.46paid, last 24h−0.322%paid, last 4 days−1.129%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.5953	0.1200	pay 0.0150% / 1h	13m 04s	$1.7M	$826K	3x
Short	Injective PONS/USDC PERP	0.5738	0.0033	get 0.0004% / 1h	13m 04s	$590	$11K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee InjectivebpOrdersRate

Funding earned: −$245
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$245.02
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −3.612%
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 Lighter live order book, 5 min ago	9.12 bp	14.6 bp −$15	20.2 bp −$202	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0366%	4h	$5.4M	$7.7M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$215K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	$590	$11K	5.5x
Popdex PONSUSDT	+0.0096%	1h	$18K	$493K	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	$29K	$321K	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	$26K	$505K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$63K	$497K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0150%	4h	$13.4M	$54.6M	20x	as long as short
Aevo PONS-PERP	+0.0176%	1h	$371	—	3x	as long as short
KuCoin PONSUSDTM	+0.0206%	4h	$1.7M	$3.2M	20x	as long as short
Bitget PONSUSDT	+0.0230%	4h	$4.6M	$11.1M	20x	as long as short
Bybit PONSUSDT	+0.0241%	4h	$18.2M	$29.1M	20x	as long as short
Nado PONS-PERP	+0.0324%	1h	$113K	$71K	5x	as long as short
Variational Omni PONS	+0.0368%	4h	$1.2M	$3.9M	—	as long as short
MEXC PONS_USDT	+0.0382%	4h	$7.3M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0383%	4h	$38.9M	$96.5M	20x	as long as short
Extended PONS-USD	+0.0384%	1h	$89K	$545K	5x	as long as short
edgeX PONSUSDC	+0.0396%	4h	$21K	$293K	10x	as long as short
BingX PONS-USDT	+0.0408%	4h	—	$3.2M	—	as long as short
Hyperliquid PONS	+0.0432%	1h	$59.6M	$28.3M	3x	as long as short
Phemex PONSUSDT	+0.0462%	4h	$1.7M	$3.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0507%	1h	$54K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$123K	3x	as long as short
BloFin PONS-USDT	+0.0623%	4h	$1.8M	$956K	20x	as long as short
Lighter RH PONS	+0.0696%	1h	$417K	$2.3M	3x	as long as short
Lighter PONSlong	+0.1200%	1h	$1.7M	$826K	3x
Phoenix PONS	+0.1528%	1h	$24K	$61K	3x	as long as short