PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0243%/8h= +26.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.138%

Price spread now: Hyperliquid against Aevo−0.117%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.117% cheaper against Aevo than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 38 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.5911	0.0232	pay 0.0029% / 1h	8m 01s	$368	—	3x
Short	Hyperliquid PONS	0.5904	0.0475	get 0.0059% / 1h	8m 01s	$60.0M	$28.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee HyperliquidbpOrdersPrice spread, now −0.117%Rate

Funding earned: $51.01
Price spread: −0.117% → 0.000%: −$11.67
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $14.34
Costs to cover: 0.250%
Break-even: 5.0 days

Slippage unknown: Aevo: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	0.17 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit

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: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0032%	1h	0.5904	−0.118%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.990%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5910	−0.014%	$416K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5910	−0.017%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5908	−0.051%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5935	+0.403%	$34K	$339K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5920	+0.149%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5914	+0.052%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5913	+0.037%	$25K	$541K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5931	+0.343%	$64K	$513K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5910	−0.017%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERPlong	+0.0232%	1h	0.5911	long leg	$368	—	3x
Gate PONS_USDT	+0.0278%	4h	0.5894	−0.288%	$5.2M	$6.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0349%	4h	0.5918	+0.118%	$13.4M	$54.5M	20x	as long as short
Lighter PONS	+0.0440%	1h	0.5912	+0.015%	$1.6M	$895K	3x	as long as short
Variational Omni PONS	+0.0440%	4h	0.5911	+0.007%	$1.4M	$4.0M	—	as long as short
Hyperliquid PONSshort	+0.0475%	1h	0.5904	−0.117%	$60.0M	$28.8M	3x
Aster PONSUSDT	+0.0503%	4h	0.5906	−0.090%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0536%	4h	0.5918	+0.120%	$4.6M	$11.7M	20x	as long as short
MEXC PONS_USDT	+0.0604%	4h	0.5919	+0.135%	$7.6M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0604%	4h	0.5909	−0.028%	$38.6M	$94.6M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.5912	+0.021%	$105K	$807K	5x	as long as short
edgeX PONSUSDC	+0.0610%	4h	0.5945	+0.572%	$18K	$292K	10x	as long as short
BingX PONS-USDT	+0.0716%	4h	0.5910	−0.017%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0737%	1h	0.5909	−0.030%	$80K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0748%	4h	0.5914	+0.054%	$1.6M	$3.8M	20x	as long as short
Bybit PONSUSDT	+0.0844%	4h	0.5917	+0.102%	$17.6M	$30.8M	20x	as long as short
BloFin PONS-USDT	+0.0844%	4h	0.5913	+0.034%	$1.7M	$941K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.5910	−0.010%	$46K	$68K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.5945	+0.580%	$45K	$109K	3x	as long as short