PONS

Alert

Funding spread now, next payment 20:00 UTC+0.0114%/8h

next payment, per $10,000+$0.57paid, last 24h+0.152%paid, last 5 days+0.431%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.6003	0.0100	pay 0.0050% / 4h	3h 20m	$2K	$2K	10x
Short	Bybit PONSUSDT	0.5967	0.0214	get 0.0107% / 4h	3h 20m	$18.4M	$28.8M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BybitbpOrdersRate

Funding earned: $24.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $7.02
Break-even: 5.0 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.605%
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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	1.64 bp	18.0 bp −$18	43.3 bp −$433	doesn't fit	doesn't fit

Orderly: 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	−0.0714%	4h	$5.4M	$7.6M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$218K	—	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	$11K	$472K	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	$317K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	$2K	$2K	10x
SunX PONS-USDT	+0.0100%	4h	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$27K	$494K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$63K	$495K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0137%	4h	$13.5M	$54.0M	20x	as long as short
Aevo PONS-PERP	+0.0192%	1h	$374	—	3x	as long as short
KuCoin PONSUSDTM	+0.0202%	4h	$1.7M	$3.1M	20x	as long as short
Bybit PONSUSDTshort	+0.0214%	4h	$18.4M	$28.8M	20x
Bitget PONSUSDT	+0.0240%	4h	$4.6M	$11.0M	20x	as long as short
Phemex PONSUSDT	+0.0278%	4h	$1.7M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0315%	1h	$108K	$68K	5x	as long as short
Variational Omni PONS	+0.0403%	4h	$1.3M	$3.7M	—	as long as short
Binance PONSUSDT	+0.0429%	4h	$39.4M	$95.7M	20x	as long as short
Extended PONS-USD	+0.0432%	1h	$89K	$546K	5x	as long as short
MEXC PONS_USDT	+0.0440%	4h	$7.2M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0441%	4h	—	$3.2M	—	as long as short
Hyperliquid PONS	+0.0458%	1h	$60.1M	$27.8M	3x	as long as short
edgeX PONSUSDC	+0.0465%	4h	$21K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0535%	1h	$61K	$1.8M	3x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$123K	3x	as long as short
BloFin PONS-USDT	+0.0681%	4h	$1.8M	$954K	20x	as long as short
Lighter RH PONS	+0.0712%	1h	$417K	$2.3M	3x	as long as short
Lighter PONS	+0.1336%	1h	$1.8M	$788K	3x	as long as short
Phoenix PONS	+0.1528%	1h	$24K	$61K	3x	as long as short