PONS

Alert

Funding spread now, next payment 15:00 UTC+0.0312%/8h

next payment, per $10,000+$0.39paid, last 24h−0.144%paid, last 7 days+0.042%to open and close $10k−$69

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 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 RH PONS	0.6377	0.0376	pay 0.0047% / 1h	41m 40s	$454K	$2.2M	3x
Short	Extended PONS-USD	0.6372	0.0688	get 0.0086% / 1h	41m 40s	$161K	$464K	5x

Funding history

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee ExtendedbpOrdersRate

Funding earned: $65.52
Slippage, 4 orders: −$64.17
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$3.65
Break-even: 7.4 days

Slippage from Lighter RH: live order book, 3 min ago; Extended: live order book, 12 min ago.

Price risk

price view

Price gap now: −0.087%
Avg gap 7d: −0.057%

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 RH live order book, 3 min ago	4.48 bp	8.3 bp −$8	39.1 bp −$391	doesn't fit	doesn't fit
Sell Extended live order book, 12 min ago	11.10 bp	25.6 bp −$26	166.6 bp −$1,666	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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$227K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$15K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$470K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$40K	$319K	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	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$463K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$67K	$493K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0217%	4h	$15.2M	$56.5M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0256%	1h	$397	—	3x	as long as short
Lighter RH PONSlong	+0.0376%	1h	$454K	$2.2M	3x
Aster PONSUSDT	+0.0415%	4h	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0466%	1h	$64K	$1.7M	3x	as long as short
Nado PONS-PERP	+0.0524%	1h	$117K	$67K	5x	as long as short
Variational Omni PONS	+0.0527%	4h	$1.8M	$3.3M	—	as long as short
KuCoin PONSUSDTM	+0.0568%	4h	$2.3M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0632%	4h	$20.4M	$26.0M	20x	as long as short
Binance PONSUSDT	+0.0684%	4h	$42.9M	$92.5M	20x	as long as short
MEXC PONS_USDT	+0.0686%	4h	$8.2M	$4.8M	20x	as long as short
Extended PONS-USDshort	+0.0688%	1h	$161K	$464K	5x
edgeX PONSUSDC	+0.0693%	4h	$22K	$289K	10x	as long as short
BingX PONS-USDT	+0.0702%	4h	—	$2.9M	—	as long as short
Bitget PONSUSDT	+0.0726%	4h	$5.1M	$10.4M	20x	as long as short
Pacifica PONS	+0.0858%	1h	$49K	$176K	3x	as long as short
BloFin PONS-USDT	+0.0927%	4h	$1.9M	$908K	20x	as long as short
Lighter PONS	+0.0968%	1h	$1.8M	$729K	3x	as long as short
Hyperliquid PONS	+0.0996%	1h	$64.7M	$25.4M	3x	as long as short
Gate PONS_USDT	+0.1014%	4h	$5.7M	$7.1M	20x	as long as short
Phoenix PONS	+0.1767%	1h	$26K	$45K	3x	as long as short