PONS

Alert

Funding spread now, next payment 16:00 UTC+0.0800%/8h

next payment, per $10,000+$1.00paid, last 24h+0.193%paid, last 7 days+1.532%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PONS	0.6142	0.0728	pay 0.0091% / 1h	47m 38s	$431K	$2.2M	3x
Short	Phoenix PONS	0.6179	0.1528	get 0.0191% / 1h	47m 38s	$25K	$61K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee PhoenixbpOrdersRate

Funding earned: $167.98
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $160.98
Break-even: 0.3 days

Slippage unknown: Lighter RH: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.609%
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 RH live order book, 2 min ago	5.03 bp	9.7 bp −$10	44.0 bp −$440	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.2410%	4h	$5.5M	$7.3M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$221K	—	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	$16K	$468K	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	$36K	$315K	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	$491K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0141%	4h	$14.1M	$54.0M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	$383	—	3x	as long as short
KuCoin PONSUSDTM	+0.0256%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0310%	4h	$4.8M	$10.8M	20x	as long as short
Nado PONS-PERP	+0.0377%	1h	$111K	$69K	5x	as long as short
Bybit PONSUSDT	+0.0403%	4h	$19.4M	$27.4M	20x	as long as short
Variational Omni PONS	+0.0488%	4h	$1.6M	$3.5M	—	as long as short
MEXC PONS_USDT	+0.0492%	4h	$7.5M	$5.0M	20x	as long as short
Binance PONSUSDT	+0.0493%	4h	$40.6M	$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	+0.0514%	4h	$21K	$292K	10x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$122K	3x	as long as short
Polymarket Perps PONS-USD	+0.0633%	1h	$63K	$1.8M	3x	as long as short
Hyperliquid PONS	+0.0644%	1h	$61.9M	$27.0M	3x	as long as short
Phemex PONSUSDT	+0.0648%	4h	$1.7M	$3.3M	20x	as long as short
BloFin PONS-USDT	+0.0724%	4h	$1.9M	$942K	20x	as long as short
Lighter RH PONSlong	+0.0728%	1h	$431K	$2.2M	3x
Lighter PONS	+0.1384%	1h	$1.8M	$772K	3x	as long as short
Phoenix PONSshort	+0.1528%	1h	$25K	$61K	3x