data as of
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Funding arb /

PONS

all PONS markets
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Funding spread now, next payment 15:00 UTC+0.0942%/8h
next payment, per $10,000+$1.18paid, last 24h+0.185%paid, last 3 days+0.588%to open and closeno order book
Long on PopdexShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex PONSUSDT0.63830.0096pay 0.0012% / 1h2m 03s$20K$471K20x
ShortHyperliquid PONS0.63830.1038get 0.0130% / 1h2m 03s$65.0M$26.0M3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$197.86
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$182.46
Break-even
0.5 days
Slippage unknown: Popdex: live order book, 53 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.005%
Avg gap 7d
+0.003%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 53 min ago5.67 bp86.0 bp −$86doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.08 bp13.4 bp −$13doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0032%1h$228K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$15K5.5xas long as short
Popdex PONSUSDTlong+0.0096%1h$20K$471K20x
ApeX Omni PONSUSDT+0.0100%1h$40K$315K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$2K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h$29K$479K3xas long as short
HTX PONS-USDT+0.0100%4h$67K$493K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.8M$3.4M20xas long as short
OKX PONS-USDT-SWAP+0.0186%4h$15.1M$57.2M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aevo PONS-PERP+0.0240%1h$398—3xas long as short
Lighter RH PONS+0.0432%1h$441K$2.2M3xas long as short
Aster PONSUSDT+0.0454%4h$1.1M$2.2M20xas long as short
Gate PONS_USDT+0.0454%4h$5.7M$7.4M20xas long as short
Nado PONS-PERP+0.0531%1h$117K$71K5xas long as short
Variational Omni PONS+0.0553%4h$1.9M$3.4M—as long as short
Polymarket Perps PONS-USD+0.0572%1h$79K$1.8M3xas long as short
KuCoin PONSUSDTM+0.0578%4h$1.9M$2.8M20xas long as short
Bitget PONSUSDT+0.0606%4h$5.0M$10.6M20xas long as short
Binance PONSUSDT+0.0645%4h$43.0M$93.3M20xas long as short
Extended PONS-USD+0.0648%1h$162K$472K5xas long as short
MEXC PONS_USDT+0.0652%4h$8.3M$5.0M20xas long as short
edgeX PONSUSDC+0.0664%4h$22K$289K10xas long as short
BingX PONS-USDT+0.0668%4h—$2.9M—as long as short
Bybit PONSUSDT+0.0738%4h$20.8M$26.8M20xas long as short
Pacifica PONS+0.0858%1h$49K$166K3xas long as short
BloFin PONS-USDT+0.0892%4h$1.9M$924K20xas long as short
Lighter PONS+0.0928%1h$1.8M$736K3xas long as short
Hyperliquid PONSshort+0.1038%1h$65.0M$26.0M3x
Phoenix PONS+0.1767%1h$26K$45K3xas long as short