PONS

Alert

Funding spread now, next payment 16:00 UTC−0.0919%/8h

paid, last 24h−0.257%paid, last 7 days−1.093%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PONS	0.5924	0.1528	pay 0.0191% / 1h	3m 31s	$24K	$61K	3x
Short	BloFin PONS-USDT	0.5923	0.0609	get 0.0305% / 4h	3h 03m	$1.8M	$950K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BloFinbpOrdersRate

Funding earned: −$192.9
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$211.9
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.014%
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 BloFin live order book, 6 min ago	4.20 bp	17.6 bp −$18	32.5 bp −$325	107.4 bp −$10.7K	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
Gate PONS_USDT	+0.0008%	4h	$5.3M	$7.7M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$213K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$11K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$18K	$492K	20x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$29K	$321K	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	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$26K	$504K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$63K	$498K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0141%	4h	$13.1M	$54.4M	20x	as long as short
Aevo PONS-PERP	+0.0176%	1h	$370	—	3x	as long as short
KuCoin PONSUSDTM	+0.0206%	4h	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0214%	4h	$4.5M	$11.1M	20x	as long as short
Phemex PONSUSDT	+0.0222%	4h	$1.7M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0312%	1h	$113K	$71K	5x	as long as short
Bybit PONSUSDT	+0.0333%	4h	$17.9M	$29.4M	20x	as long as short
Variational Omni PONS	+0.0343%	4h	$1.2M	$3.9M	—	as long as short
Binance PONSUSDT	+0.0360%	4h	$38.4M	$97.3M	20x	as long as short
Extended PONS-USD	+0.0368%	1h	$88K	$537K	5x	as long as short
MEXC PONS_USDT	+0.0368%	4h	$7.0M	$5.2M	20x	as long as short
Hyperliquid PONS	+0.0384%	1h	$59.1M	$28.5M	3x	as long as short
BingX PONS-USDT	+0.0386%	4h	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0389%	4h	$21K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0478%	1h	$49K	$1.8M	3x	as long as short
BloFin PONS-USDTshort	+0.0609%	4h	$1.8M	$950K	20x
Pacifica PONS	+0.0616%	1h	$49K	$119K	3x	as long as short
Lighter RH PONS	+0.0640%	1h	$414K	$2.3M	3x	as long as short
Lighter PONS	+0.1072%	1h	$1.7M	$834K	3x	as long as short
Phoenix PONSlong	+0.1528%	1h	$24K	$61K	3x