PONS

Alert

Funding spread now, next payment 17:00 UTC+0.0356%/8h

paid, last 24h+0.137%paid, last 7 days+0.066%to open and close $10k−$26

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% 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	0.6205	0.0508	pay 0.0254% / 4h	3h 41m	$7.6M	$5.0M	20x
Short	Lighter RH PONS	0.6206	0.0864	get 0.0108% / 1h	41m 05s	$436K	$2.2M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Lighter RHbpOrdersRate

Funding earned: $74.76
Slippage, 4 orders: −$26
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $48.76
Break-even: 2.4 days

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

Price risk

price view

Price gap now: +0.018%
Avg gap 7d: +0.027%

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, 3 min ago	0.81 bp	2.7 bp −$3	11.9 bp −$119	385.7 bp −$38.6K	doesn't fit
Sell Lighter RH live order book, 3 min ago	5.49 bp	8.2 bp −$8	41.2 bp −$412	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	−0.1226%	4h	$5.5M	$7.3M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$223K	—	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	$473K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$36K	$316K	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	$464K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$491K	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
Aster PONSUSDT	+0.0134%	4h	$1.1M	$2.1M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0159%	4h	$14.3M	$54.6M	20x	as long as short
Aevo PONS-PERP	+0.0208%	1h	$386	—	3x	as long as short
KuCoin PONSUSDTM	+0.0262%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0296%	4h	$4.8M	$10.8M	20x	as long as short
Bybit PONSUSDT	+0.0339%	4h	$19.5M	$27.5M	20x	as long as short
Nado PONS-PERP	+0.0366%	1h	$112K	$68K	5x	as long as short
Variational Omni PONS	+0.0465%	4h	$1.5M	$3.6M	—	as long as short
BingX PONS-USDT	+0.0468%	4h	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0500%	4h	$22K	$291K	10x	as long as short
MEXC PONS_USDTlong	+0.0508%	4h	$7.6M	$5.0M	20x
Binance PONSUSDT	+0.0511%	4h	$41.1M	$93.2M	20x	as long as short
Extended PONS-USD	+0.0512%	1h	$93K	$533K	5x	as long as short
Pacifica PONS	+0.0616%	1h	$50K	$122K	3x	as long as short
Hyperliquid PONS	+0.0628%	1h	$62.5M	$27.1M	3x	as long as short
Polymarket Perps PONS-USD	+0.0672%	1h	$62K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0751%	4h	$1.8M	$949K	20x	as long as short
Lighter RH PONSshort	+0.0864%	1h	$436K	$2.2M	3x
Lighter PONS	+0.1472%	1h	$1.8M	$772K	3x	as long as short
Phoenix PONS	+0.1528%	1h	$25K	$61K	3x	as long as short