PONS

Alert

Funding spread now, next payment 15:00 UTC+0.1389%/8h

paid, last 24h+0.406%paid, last 5 days+2.118%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	0.6306	0.0100	pay 0.0050% / 4h	46m 35s	$2K	$2K	10x
Short	Phoenix PONS	0.6365	0.1489	get 0.0186% / 1h	46m 35s	$26K	$51K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee PhoenixbpOrdersRate

Funding earned: $291.6
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $278.6
Break-even: 0.3 days

Slippage unknown: Orderly: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.939%
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 Phoenix no order-book sample	—	—	—	—	—

Orderly and Phoenix: 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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$227K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$15K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$20K	$470K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	$5.7M	$6.9M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$40K	$317K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	$2K	$2K	10x
SunX PONS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$28K	$479K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$494K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0177%	4h	$15.0M	$56.1M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	$393	—	3x	as long as short
Aster PONSUSDT	+0.0386%	4h	$1.1M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0416%	1h	$438K	$2.2M	3x	as long as short
Pacifica PONS	+0.0472%	1h	$48K	$166K	3x	as long as short
KuCoin PONSUSDTM	+0.0510%	4h	$1.8M	$3.0M	20x	as long as short
Bitget PONSUSDT	+0.0550%	4h	$5.0M	$10.7M	20x	as long as short
Variational Omni PONS	+0.0598%	4h	$1.9M	$3.4M	—	as long as short
Binance PONSUSDT	+0.0602%	4h	$42.7M	$93.4M	20x	as long as short
MEXC PONS_USDT	+0.0604%	4h	$8.3M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	$95K	$537K	5x	as long as short
Polymarket Perps PONS-USD	+0.0631%	1h	$76K	$1.8M	3x	as long as short
edgeX PONSUSDC	+0.0634%	4h	$21K	$290K	10x	as long as short
Nado PONS-PERP	+0.0679%	1h	$117K	$66K	5x	as long as short
BingX PONS-USDT	+0.0716%	4h	—	$2.9M	—	as long as short
Bybit PONSUSDT	+0.0763%	4h	$20.6M	$26.9M	20x	as long as short
BloFin PONS-USDT	+0.0846%	4h	$1.9M	$923K	20x	as long as short
Lighter PONS	+0.1096%	1h	$1.8M	$712K	3x	as long as short
Hyperliquid PONS	+0.1159%	1h	$65.0M	$26.1M	3x	as long as short
Phoenix PONSshort	+0.1489%	1h	$26K	$51K	3x