PONS

Alert

Funding spread now, next payment 20:00 UTC+0.0026%/8h

next payment, per $10,000+$0.13paid, last 24h+0.087%paid, last 3 days+0.082%to open and closeno order book

Long on Orderly Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.5898	0.0100	pay 0.0050% / 4h	2h 32m	$2K	$2K	10x
Short	Variational Omni PONS	0.5891	0.0126	get 0.0063% / 4h	2h 32m	$1.2M	$3.9M	—

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersRate

Funding earned: $5.41
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.59
Break-even: 7.8 days

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.118%
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 Variational Omni RFQ quote, 3 min ago	4.22 bp	doesn't fit	39.7 bp −$397	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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$214K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$7K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	$408K	$2.3M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$18K	$493K	20x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	$17.6M	$30.1M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	$5.3M	$7.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$30K	$321K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	$2K	$2K	10x

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$26K	$509K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$62K	$496K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Variational Omni PONSshort	+0.0126%	4h	$1.2M	$3.9M	—
OKX PONS-USDT-SWAP	+0.0136%	4h	$13.2M	$55.3M	20x	as long as short
Nado PONS-PERP	+0.0153%	1h	$73K	$94K	5x	as long as short
Aevo PONS-PERP	+0.0160%	1h	$367	—	3x	as long as short
Bitget PONSUSDT	+0.0166%	4h	$4.5M	$11.3M	20x	as long as short
Hyperliquid PONS	+0.0202%	1h	$58.8M	$29.1M	3x	as long as short
Pacifica PONS	+0.0285%	1h	$49K	$119K	3x	as long as short
Binance PONSUSDT	+0.0326%	4h	$38.3M	$97.9M	20x	as long as short
Extended PONS-USD	+0.0328%	1h	$88K	$539K	5x	as long as short
Polymarket Perps PONS-USD	+0.0331%	1h	$47K	$1.8M	3x	as long as short
MEXC PONS_USDT	+0.0332%	4h	$7.3M	$5.2M	20x	as long as short
edgeX PONSUSDC	+0.0350%	4h	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0356%	4h	—	$3.2M	—	as long as short
Lighter PONS	+0.0528%	1h	$1.7M	$855K	3x	as long as short
BloFin PONS-USDT	+0.0566%	4h	$1.7M	$968K	20x	as long as short
Phoenix PONS	+0.1523%	1h	$24K	$61K	3x	as long as short