PONS

Alert

Funding spread now, next payment 14:00 UTC+0.1296%/8h

next payment, per $10,000+$1.62paid, last 24h+0.308%paid, last 7 days+1.668%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.6361	0.0472	pay 0.0059% / 1h	58m 10s	$49K	$166K	3x
Short	Phoenix PONS	0.6342	0.1767	get 0.0221% / 1h	58m 10s	$26K	$45K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee PhoenixbpOrdersRate

Funding earned: $272.09
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $257.09
Break-even: 0.4 days

Slippage unknown: Pacifica: live order book, 56 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.307%
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 Pacifica live order book, 56 min ago	9.11 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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 −0.0032%	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	$472K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$40K	$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	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$476K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$493K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0173%	4h	$15.0M	$56.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	$395	—	3x	as long as short
Lighter RH PONS	+0.0248%	1h	$444K	$2.1M	3x	as long as short
Gate PONS_USDT	+0.0352%	4h	$5.7M	$6.8M	20x	as long as short
Aster PONSUSDT	+0.0439%	4h	$1.1M	$2.2M	20x	as long as short
Pacifica PONSlong	+0.0472%	1h	$49K	$166K	3x
KuCoin PONSUSDTM	+0.0560%	4h	$1.9M	$2.8M	20x	as long as short
Variational Omni PONS	+0.0574%	4h	$1.9M	$3.3M	—	as long as short
Bitget PONSUSDT	+0.0594%	4h	$4.9M	$10.7M	20x	as long as short
Polymarket Perps PONS-USD	+0.0595%	1h	$81K	$1.8M	3x	as long as short
MEXC PONS_USDT	+0.0630%	4h	$8.2M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0632%	4h	$42.7M	$93.6M	20x	as long as short
Extended PONS-USD	+0.0632%	1h	$161K	$472K	5x	as long as short
edgeX PONSUSDC	+0.0662%	4h	$22K	$290K	10x	as long as short
BingX PONS-USDT	+0.0668%	4h	—	$2.9M	—	as long as short
Bybit PONSUSDT	+0.0748%	4h	$20.6M	$26.9M	20x	as long as short
Nado PONS-PERP	+0.0867%	1h	$117K	$71K	5x	as long as short
BloFin PONS-USDT	+0.0872%	4h	$1.9M	$918K	20x	as long as short
Hyperliquid PONS	+0.1267%	1h	$64.7M	$26.0M	3x	as long as short
Phoenix PONSshort	+0.1767%	1h	$26K	$45K	3x
Lighter PONS	+0.1968%	1h	$1.8M	$710K	3x	as long as short