PONS

Alert

Funding spread now, next payment 16:00 UTC−0.1221%/8h

next payment, per $10,000−$1.53paid, last 24h−0.346%paid, last 3 days−2.031%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	0m 56s	$24K	$61K	3x
Short	Nado PONS-PERP	0.5902	0.0307	get 0.0038% / 1h	0m 56s	$112K	$71K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee NadobpOrdersRate

Funding earned: −$256.32
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 0 bp × 2 orders: $0
Net: −$263.32
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 39 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.362%
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 Nado live order book, 39 min ago	16.40 bp	49.2 bp −$49	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
Gate PONS_USDT	−0.0020%	4h	$5.3M	$7.8M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0031%	1h	$212K	—	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	$1.0M	$2.1M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$27K	$319K	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
Phemex PONSUSDT	+0.0141%	4h	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0142%	4h	$13.1M	$54.6M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	$368	—	3x	as long as short
KuCoin PONSUSDTM	+0.0192%	4h	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0210%	4h	$4.5M	$11.2M	20x	as long as short
Bybit PONSUSDT	+0.0243%	4h	$17.8M	$29.5M	20x	as long as short
Nado PONS-PERPshort	+0.0307%	1h	$112K	$71K	5x
Variational Omni PONS	+0.0343%	4h	$1.2M	$3.9M	—	as long as short
Binance PONSUSDT	+0.0351%	4h	$38.4M	$97.5M	20x	as long as short
Extended PONS-USD	+0.0352%	1h	$88K	$537K	5x	as long as short
MEXC PONS_USDT	+0.0358%	4h	$7.0M	$5.3M	20x	as long as short
Hyperliquid PONS	+0.0374%	1h	$59.1M	$28.6M	3x	as long as short
BingX PONS-USDT	+0.0382%	4h	—	$3.2M	—	as long as short
edgeX PONSUSDC	+0.0389%	4h	$21K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0476%	1h	$44K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0591%	4h	$1.7M	$954K	20x	as long as short
Pacifica PONS	+0.0616%	1h	$49K	$119K	3x	as long as short
Lighter RH PONS	+0.0632%	1h	$423K	$2.4M	3x	as long as short
Lighter PONS	+0.1016%	1h	$1.7M	$835K	3x	as long as short
Phoenix PONSlong	+0.1528%	1h	$24K	$61K	3x