PONS

Alert

Funding spread now, next payment 14:00 UTC+0.1214%/8h

paid, last 24h+0.074%paid, last 7 days−0.013%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% 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	MEXC PONS_USDT	0.6418	0.0726	pay 0.0363% / 4h	2h 38m	$8.8M	$4.9M	20x
Short	Hyperliquid PONS	0.6429	0.1940	get 0.0243% / 1h	38m 48s	$64.7M	$24.1M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee HyperliquidbpOrdersRate

Funding earned: $254.96
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $245.96
Break-even: 0.2 days

Slippage unknown: MEXC: live order book, 6 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.176%
Avg gap 7d: +0.009%

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 MEXC live order book, 6 min ago	0.77 bp	3.7 bp −$4	12.8 bp −$128	374.2 bp −$37.4K	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.39 bp	8.2 bp −$8	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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0030%	1h	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$18K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$457K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$41K	$322K	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	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$466K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$71K	$483K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
Aevo PONS-PERP	+0.0264%	1h	$400	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0294%	4h	$15.7M	$58.2M	20x	as long as short
Aster PONSUSDT	+0.0534%	4h	$1.2M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0538%	4h	$2.0M	$1.8M	20x	as long as short
Variational Omni PONS	+0.0599%	4h	$1.9M	$3.5M	—	as long as short
MEXC PONS_USDTlong	+0.0726%	4h	$8.8M	$4.9M	20x
Binance PONSUSDT	+0.0727%	4h	$43.3M	$91.5M	20x	as long as short
Extended PONS-USD	+0.0728%	1h	$179K	$360K	5x	as long as short
edgeX PONSUSDC	+0.0768%	4h	$22K	$289K	10x	as long as short
Bitget PONSUSDT	+0.0804%	4h	$5.1M	$9.6M	20x	as long as short
Pacifica PONS	+0.0815%	1h	$49K	$143K	3x	as long as short
Bybit PONSUSDT	+0.0815%	4h	$20.9M	$26.0M	20x	as long as short
BingX PONS-USDT	+0.0858%	4h	—	$2.9M	—	as long as short
Nado PONS-PERP	+0.0921%	1h	$109K	$66K	5x	as long as short
Polymarket Perps PONS-USD	+0.0967%	1h	$65K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0967%	4h	$2.0M	$888K	20x	as long as short
Lighter PONS	+0.1000%	1h	$1.8M	$738K	3x	as long as short
Lighter RH PONS	+0.1032%	1h	$448K	$2.1M	3x	as long as short
Phoenix PONS	+0.1558%	1h	$26K	$51K	3x	as long as short
Hyperliquid PONSshort	+0.1940%	1h	$64.7M	$24.1M	3x
Gate PONS_USDT	+0.3456%	4h	$5.7M	$7.0M	20x	as long as short