PONS

Alert

Funding spread now, next payment 16:00 UTC−0.0400%/8h

next payment, per $10,000−$2.00paid, last 24h−0.067%paid, last 3 days+0.016%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 0.016% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.00 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	Variational Omni PONS	0.6397	0.0500	pay 0.0250% / 4h	1h 35m	$1.8M	$3.3M	—
Short	HTX PONS-USDT	0.6429	0.0100	get 0.0050% / 4h	1h 35m	$67K	$490K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee HTXbpOrdersRate

Funding earned: −$83.93
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$95.93
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; HTX: live order book, 20 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.498%
Avg gap 7d: +0.008%

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, just now	3.90 bp	doesn't fit	41.3 bp −$413	doesn't fit	doesn't fit
Sell HTX live order book, 20 min ago	33.43 bp	233.1 bp −$233	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 −0.0032%	1h	$229K	—	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	$316K	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-USDTshort	+0.0100%	4h	$67K	$490K	20x
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0203%	4h	$15.3M	$56.9M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	$400	—	3x	as long as short
Aster PONSUSDT	+0.0425%	4h	$1.1M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0432%	1h	$452K	$2.2M	3x	as long as short
Nado PONS-PERP	+0.0456%	1h	$118K	$67K	5x	as long as short
Variational Omni PONSlong	+0.0500%	4h	$1.8M	$3.3M	—
Polymarket Perps PONS-USD	+0.0511%	1h	$65K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0572%	4h	$2.3M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0626%	4h	$20.5M	$26.1M	20x	as long as short
BingX PONS-USDT	+0.0678%	4h	—	$2.9M	—	as long as short
MEXC PONS_USDT	+0.0686%	4h	$8.2M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0686%	4h	$43.2M	$92.5M	20x	as long as short
Extended PONS-USD	+0.0688%	1h	$162K	$463K	5x	as long as short
edgeX PONSUSDC	+0.0697%	4h	$22K	$288K	10x	as long as short
Bitget PONSUSDT	+0.0702%	4h	$5.1M	$10.4M	20x	as long as short
Pacifica PONS	+0.0858%	1h	$49K	$166K	3x	as long as short
Lighter PONS	+0.0912%	1h	$1.8M	$729K	3x	as long as short
BloFin PONS-USDT	+0.0926%	4h	$1.9M	$915K	20x	as long as short
Gate PONS_USDT	+0.0986%	4h	$5.7M	$7.1M	20x	as long as short
Hyperliquid PONS	+0.0989%	1h	$65.0M	$25.3M	3x	as long as short
Phoenix PONS	+0.1767%	1h	$26K	$45K	3x	as long as short