PONS

Alert

Funding spread now, next payment 15:00 UTC+0.0938%/8h

paid, last 24h+0.184%paid, last 7 days+0.448%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.448% in total (about 23.4% a year). A funding rate is set anew for every payment. 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	Phemex PONSUSDT	0.6379	0.0100	pay 0.0050% / 4h	1h 01m	$1.8M	$3.4M	20x
Short	Hyperliquid PONS	0.6376	0.1038	get 0.0130% / 1h	1m 29s	$64.9M	$26.0M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee HyperliquidbpOrdersRate

Funding earned: $196.88
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $175.88
Break-even: 0.7 days

Slippage unknown: Phemex: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.050%
Avg gap 7d: +0.012%

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 Phemex live order book, 4 min ago	4.69 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.08 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

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	$228K	—	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	$471K	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	$479K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$67K	$493K	20x	as long as short
Phemex PONSUSDTlong	+0.0100%	4h	$1.8M	$3.4M	20x
OKX PONS-USDT-SWAP	+0.0184%	4h	$15.1M	$57.1M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	$398	—	3x	as long as short
Gate PONS_USDT	+0.0422%	4h	$5.7M	$7.4M	20x	as long as short
Lighter RH PONS	+0.0424%	1h	$440K	$2.2M	3x	as long as short
Aster PONSUSDT	+0.0451%	4h	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0531%	1h	$117K	$71K	5x	as long as short
Variational Omni PONS	+0.0553%	4h	$1.9M	$3.4M	—	as long as short
KuCoin PONSUSDTM	+0.0570%	4h	$1.9M	$2.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0571%	1h	$79K	$1.8M	3x	as long as short
Bitget PONSUSDT	+0.0602%	4h	$5.0M	$10.6M	20x	as long as short
MEXC PONS_USDT	+0.0644%	4h	$8.3M	$5.0M	20x	as long as short
Binance PONSUSDT	+0.0645%	4h	$42.9M	$93.3M	20x	as long as short
Extended PONS-USD	+0.0648%	1h	$162K	$472K	5x	as long as short
edgeX PONSUSDC	+0.0658%	4h	$22K	$289K	10x	as long as short
BingX PONS-USDT	+0.0668%	4h	—	$2.9M	—	as long as short
Bybit PONSUSDT	+0.0732%	4h	$20.7M	$26.8M	20x	as long as short
Pacifica PONS	+0.0858%	1h	$49K	$166K	3x	as long as short
BloFin PONS-USDT	+0.0892%	4h	$1.9M	$924K	20x	as long as short
Lighter PONS	+0.0904%	1h	$1.8M	$736K	3x	as long as short
Hyperliquid PONSshort	+0.1038%	1h	$64.9M	$26.0M	3x
Phoenix PONS	+0.1767%	1h	$26K	$45K	3x	as long as short