PONS

Alert

Funding spread now, next payment 14:00 UTC−0.1153%/8h

paid, last 24h−0.244%paid, last 7 days−1.659%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PONS	0.6369	0.1767	pay 0.0221% / 1h	4m 48s	$26K	$45K	3x
Short	Bitget PONSUSDT	0.6394	0.0614	get 0.0307% / 4h	1h 04m	$5.0M	$10.6M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BitgetbpOrdersRate

Funding earned: −$242.21
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$261.21
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.393%
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 Phoenix no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	1.81 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit

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	$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	$494K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0193%	4h	$15.1M	$57.5M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	$399	—	3x	as long as short
Lighter RH PONS	+0.0424%	1h	$442K	$2.2M	3x	as long as short
Aster PONSUSDT	+0.0461%	4h	$1.1M	$2.2M	20x	as long as short
Gate PONS_USDT	+0.0496%	4h	$5.7M	$7.4M	20x	as long as short
Nado PONS-PERP	+0.0509%	1h	$117K	$71K	5x	as long as short
Variational Omni PONS	+0.0553%	4h	$1.9M	$3.4M	—	as long as short
Polymarket Perps PONS-USD	+0.0561%	1h	$80K	$1.8M	3x	as long as short
KuCoin PONSUSDTM	+0.0580%	4h	$1.9M	$2.8M	20x	as long as short
Bitget PONSUSDTshort	+0.0614%	4h	$5.0M	$10.6M	20x
BingX PONS-USDT	+0.0652%	4h	—	$2.9M	—	as long as short
edgeX PONSUSDC	+0.0658%	4h	$22K	$288K	10x	as long as short
MEXC PONS_USDT	+0.0660%	4h	$8.3M	$5.0M	20x	as long as short
Binance PONSUSDT	+0.0662%	4h	$43.1M	$93.5M	20x	as long as short
Extended PONS-USD	+0.0664%	1h	$162K	$473K	5x	as long as short
Bybit PONSUSDT	+0.0702%	4h	$20.8M	$26.8M	20x	as long as short
Pacifica PONS	+0.0858%	1h	$49K	$166K	3x	as long as short
BloFin PONS-USDT	+0.0902%	4h	$1.9M	$925K	20x	as long as short
Lighter PONS	+0.0936%	1h	$1.8M	$736K	3x	as long as short
Hyperliquid PONS	+0.1026%	1h	$65.2M	$25.9M	3x	as long as short
Phoenix PONSlong	+0.1767%	1h	$26K	$45K	3x