PONS

Alert

Funding spread now, next payment 17:00 UTC+0.0384%/8h

paid, last 24h+0.147%paid, last 7 days+0.189%to open and close $10k−$53

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.189% in total (about 9.9% 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	OKX PONS-USDT-SWAP	0.6112	0.0142	pay 0.0071% / 4h	3h 25m	$14.0M	$54.0M	20x
Short	Hyperliquid PONS	0.6113	0.0525	get 0.0066% / 1h	25m 55s	$61.5M	$27.3M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee HyperliquidbpOrdersRate

Funding earned: $80.58
Slippage, 4 orders: −$34.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $27.2
Break-even: 4.6 days

Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 9 min ago.

Price risk

price view

Price gap now: +0.013%
Avg gap 7d: +0.044%

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 OKX live order book, 4 min ago	1.63 bp	12.8 bp −$13	30.1 bp −$301	410.5 bp −$41.1K	doesn't fit
Sell Hyperliquid live order book, 9 min ago	4.28 bp	8.8 bp −$9	9.0 bp −$90	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	−0.0284%	4h	$5.5M	$7.4M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$220K	—	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
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$38K	$318K	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	$461K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$65K	$491K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0142%	4h	$14.0M	$54.0M	20x
Aevo PONS-PERP	+0.0200%	1h	$381	—	3x	as long as short
KuCoin PONSUSDTM	+0.0248%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0254%	4h	$4.7M	$10.8M	20x	as long as short
Nado PONS-PERP	+0.0328%	1h	$110K	$68K	5x	as long as short
Variational Omni PONS	+0.0439%	4h	$1.5M	$3.6M	—	as long as short
Extended PONS-USD	+0.0480%	1h	$92K	$542K	5x	as long as short
MEXC PONS_USDT	+0.0480%	4h	$7.5M	$5.1M	20x	as long as short
Binance PONSUSDT	+0.0481%	4h	$40.5M	$93.8M	20x	as long as short
edgeX PONSUSDC	+0.0515%	4h	$22K	$293K	10x	as long as short
Hyperliquid PONSshort	+0.0525%	1h	$61.5M	$27.3M	3x
Bybit PONSUSDT	+0.0531%	4h	$18.9M	$28.0M	20x	as long as short
BingX PONS-USDT	+0.0592%	4h	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0598%	1h	$60K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$50K	$123K	3x	as long as short
BloFin PONS-USDT	+0.0721%	4h	$1.8M	$946K	20x	as long as short
Lighter RH PONS	+0.0824%	1h	$426K	$2.3M	3x	as long as short
Lighter PONS	+0.1424%	1h	$1.8M	$781K	3x	as long as short
Phoenix PONS	+0.1528%	1h	$25K	$61K	3x	as long as short