PONS

Alert

Funding spread now, next payment 16:00 UTC+0.0556%/8h

next payment, per $10,000+$0.69paid, last 24h+0.077%paid, last 3 days+0.146%to open and close $10k−$225

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.146% in total (about 19.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.6208	0.0100	pay 0.0013% / 1h	35m 15s	$28K	$486K	3x
Short	Nado PONS-PERP	0.6209	0.0656	get 0.0082% / 1h	35m 15s	$113K	$67K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee NadobpOrdersRate

Funding earned: $116.74
Slippage, 4 orders: −$216.8
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 0 bp × 2 orders: $0
Net: −$108.06
Break-even: 13.5 days

Slippage from SoDEX: live order book, 15 min ago; Nado: live order book, 10 min ago.

Price risk

price view

Price gap now: +0.031%
Avg gap 7d: +0.001%

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 SoDEX live order book, 15 min ago	1.58 bp	62.0 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 10 min ago	18.66 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit

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 −0.0031%	1h	$224K	—	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	$470K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	$5.6M	$7.1M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$39K	$317K	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-USDlong	+0.0100%	1h	$28K	$486K	3x
HTX PONS-USDT	+0.0100%	4h	$66K	$497K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0171%	4h	$14.6M	$55.2M	20x	as long as short
Lighter RH PONS	+0.0200%	1h	$420K	$2.2M	3x	as long as short
Aevo PONS-PERP	+0.0224%	1h	$387	—	3x	as long as short
Aster PONSUSDT	+0.0269%	4h	$1.1M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0442%	4h	$1.8M	$3.1M	20x	as long as short
Pacifica PONS	+0.0472%	1h	$47K	$166K	3x	as long as short
Polymarket Perps PONS-USD	+0.0476%	1h	$74K	$1.8M	3x	as long as short
Bitget PONSUSDT	+0.0492%	4h	$4.8M	$10.8M	20x	as long as short
Extended PONS-USD	+0.0568%	1h	$93K	$539K	5x	as long as short
Binance PONSUSDT	+0.0571%	4h	$41.7M	$94.0M	20x	as long as short
MEXC PONS_USDT	+0.0580%	4h	$8.0M	$5.0M	20x	as long as short
edgeX PONSUSDC	+0.0622%	4h	$21K	$289K	10x	as long as short
Variational Omni PONS	+0.0633%	4h	$1.7M	$3.4M	—	as long as short
Nado PONS-PERPshort	+0.0656%	1h	$113K	$67K	5x
BingX PONS-USDT	+0.0742%	4h	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0761%	4h	$19.9M	$27.2M	20x	as long as short
BloFin PONS-USDT	+0.0811%	4h	$1.9M	$902K	20x	as long as short
Lighter PONS	+0.0984%	1h	$1.8M	$718K	3x	as long as short
Hyperliquid PONS	+0.1114%	1h	$63.3M	$26.4M	3x	as long as short
Phoenix PONS	+0.1489%	1h	$25K	$51K	3x	as long as short