PONS

Alert

Funding spread now, next payment 17:00 UTC−0.0859%/8h

next payment, per $10,000−$1.07paid, last 24h−0.134%paid, last 7 days−1.150%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PONS	0.5887	0.1523	pay 0.0190% / 1h	17m 19s	$23K	$61K	3x
Short	Lighter PONS	0.5877	0.0664	get 0.0083% / 1h	17m 19s	$1.7M	$855K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee LighterbpOrdersRate

Funding earned: −$180.48
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$187.48
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.160%
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 Lighter live order book, 6 min ago	5.33 bp	8.9 bp −$9	12.4 bp −$124	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	$213K	—	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	$2.4M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$18K	$493K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	$73K	$94K	5x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	$5.2M	$7.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	$1.7M	$3.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$30K	$320K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$2K	10x	as long as short

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	$507K	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 PONS	+0.0124%	4h	$1.2M	$3.9M	—	as long as short
OKX PONS-USDT-SWAP	+0.0150%	4h	$13.2M	$55.5M	20x	as long as short
Bybit PONSUSDT	+0.0152%	4h	$17.6M	$30.2M	20x	as long as short
Bitget PONSUSDT	+0.0162%	4h	$4.5M	$11.4M	20x	as long as short
Hyperliquid PONS	+0.0166%	1h	$58.7M	$29.2M	3x	as long as short
Aevo PONS-PERP	+0.0168%	1h	$366	—	3x	as long as short
Pacifica PONS	+0.0285%	1h	$46K	$119K	3x	as long as short
Extended PONS-USD	+0.0320%	1h	$87K	$539K	5x	as long as short
Binance PONSUSDT	+0.0323%	4h	$38.2M	$98.2M	20x	as long as short
MEXC PONS_USDT	+0.0324%	4h	$7.3M	$5.3M	20x	as long as short
BingX PONS-USDT	+0.0330%	4h	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0330%	4h	$20K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0368%	1h	$47K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0565%	4h	$1.7M	$958K	20x	as long as short
Lighter PONSshort	+0.0664%	1h	$1.7M	$855K	3x
Phoenix PONSlong	+0.1523%	1h	$23K	$61K	3x