PONS

Alert

Funding spread now, next payment 15:00 UTC−0.0306%/8h

paid, last 24h−0.041%paid, last 3 days+0.053%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.053% in total (about 6.6% a year). A funding rate is set anew for every payment. 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	Variational Omni PONS	0.6396	0.0562	pay 0.0281% / 4h	1h 51m	$1.8M	$3.3M	—
Short	Aevo PONS-PERP	0.6335	0.0256	get 0.0032% / 1h	51m 33s	$395	—	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee AevobpOrdersRate

Funding earned: −$64.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$80.33
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.950%
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 Variational Omni RFQ quote, 4 min ago	3.93 bp	doesn't fit	40.0 bp −$400	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	$227K	—	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
ApeX Omni PONSUSDT	+0.0100%	1h	$40K	$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	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$462K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$67K	$491K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0240%	4h	$15.3M	$56.8M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERPshort	+0.0256%	1h	$395	—	3x
Polymarket Perps PONS-USD	+0.0382%	1h	$65K	$1.7M	3x	as long as short
Aster PONSUSDT	+0.0410%	4h	$1.1M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0512%	1h	$456K	$2.2M	3x	as long as short
Nado PONS-PERP	+0.0513%	1h	$116K	$67K	5x	as long as short
Variational Omni PONSlong	+0.0562%	4h	$1.8M	$3.3M	—
KuCoin PONSUSDTM	+0.0580%	4h	$2.3M	$2.1M	20x	as long as short
Binance PONSUSDT	+0.0679%	4h	$42.9M	$92.4M	20x	as long as short
Bybit PONSUSDT	+0.0684%	4h	$20.3M	$26.1M	20x	as long as short
MEXC PONS_USDT	+0.0692%	4h	$8.1M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0696%	4h	$22K	$287K	10x	as long as short
Extended PONS-USD	+0.0696%	1h	$227K	$399K	5x	as long as short
BingX PONS-USDT	+0.0730%	4h	—	$2.9M	—	as long as short
Bitget PONSUSDT	+0.0760%	4h	$5.0M	$10.3M	20x	as long as short
Lighter PONS	+0.0784%	1h	$1.8M	$727K	3x	as long as short
Pacifica PONS	+0.0858%	1h	$49K	$165K	3x	as long as short
BloFin PONS-USDT	+0.0932%	4h	$1.9M	$902K	20x	as long as short
Hyperliquid PONS	+0.1053%	1h	$64.5M	$25.3M	3x	as long as short
Gate PONS_USDT	+0.1250%	4h	$5.7M	$7.0M	20x	as long as short
Phoenix PONS	+0.1767%	1h	$26K	$45K	3x	as long as short