PONS

Alert

Funding spread now, next payment 20:00 UTC+0.0317%/8h

next payment, per $10,000+$1.59paid, last 24h+0.042%paid, last 7 days+0.181%to open and close $10k−$43

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.59 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	OKX PONS-USDT-SWAP	0.6162	0.0163	pay 0.0081% / 4h	3h 44m	$14.2M	$54.3M	20x
Short	MEXC PONS_USDT	0.6160	0.0480	get 0.0240% / 4h	3h 44m	$7.5M	$5.0M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee MEXCbpOrdersRate

Funding earned: $66.59
Slippage, 4 orders: −$32.85
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $23.74
Break-even: 4.5 days

Slippage from OKX: live order book, 1 min ago; MEXC: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.032%
Avg gap 7d: +0.034%

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, 1 min ago	1.63 bp	10.6 bp −$11	27.9 bp −$279	411.2 bp −$41.1K	doesn't fit
Sell MEXC live order book, 5 min ago	6.49 bp	9.1 bp −$9	16.4 bp −$164	308.4 bp −$30.8K	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	−0.2058%	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	$17K	$470K	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	$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	$27K	$465K	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
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0163%	4h	$14.2M	$54.3M	20x
Aevo PONS-PERP	+0.0200%	1h	$383	—	3x	as long as short
KuCoin PONSUSDTM	+0.0258%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	+0.0306%	4h	$4.8M	$10.8M	20x	as long as short
Nado PONS-PERP	+0.0356%	1h	$111K	$69K	5x	as long as short
Bybit PONSUSDT	+0.0407%	4h	$19.5M	$27.4M	20x	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
MEXC PONS_USDTshort	+0.0480%	4h	$7.5M	$5.0M	20x
Extended PONS-USD	+0.0488%	1h	$92K	$533K	5x	as long as short
Binance PONSUSDT	+0.0491%	4h	$40.8M	$93.1M	20x	as long as short
edgeX PONSUSDC	+0.0501%	4h	$21K	$293K	10x	as long as short
Pacifica PONS	+0.0616%	1h	$50K	$122K	3x	as long as short
Hyperliquid PONS	+0.0635%	1h	$62.1M	$27.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0661%	1h	$63K	$1.8M	3x	as long as short
Lighter RH PONS	+0.0704%	1h	$432K	$2.2M	3x	as long as short
BloFin PONS-USDT	+0.0722%	4h	$1.8M	$939K	20x	as long as short
Lighter PONS	+0.1448%	1h	$1.8M	$772K	3x	as long as short
Phoenix PONS	+0.1528%	1h	$25K	$61K	3x	as long as short