PONS funding rates and arbitrage
Updated 2026-11-11 22:51 UTC
Best PONS arbitrage after every cost
No PONS pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
PONS funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Kraken | PF_PONSUSD | 0.0068% | 1 h | +59.6% | +23.6% | $309.6K | 2026-11-11 23:00 |
| Aster | PONSUSDT | 0.0145% | 4 h | +31.7% | +27.9% | $297.2K | 2026-11-12 00:00 |
| Phoenix | PONS | 0.0013% | 1 h | +11.4% | +8.2% | — | 2026-11-11 23:00 |
| Extended | PONS-USD | 0.0013% | 1 h | +11.4% | +23.4% | $89.1K | 2026-11-11 23:00 |
| Pacifica | PONS | 0.0013% | 1 h | +10.9% | +11.0% | $13.1K | 2026-11-11 23:00 |
| Bybit | PONSUSDT | 0.0050% | 4 h | +10.9% | +7.0% | $9.1M | 2026-11-12 00:00 |
| KuCoin | PONSUSDTM | 0.0050% | 4 h | +10.9% | +12.6% | $257.2K | 2026-11-12 00:00 |
| Phemex | PONSUSDT | 0.0050% | 4 h | +10.9% | — | $1.4M | 2026-11-12 00:00 |
| MEXC | PONS_USDT | 0.0050% | 4 h | +10.9% | +24.9% | $1.3M | 2026-11-12 00:00 |
| ApeX | PONS-USDT | 0.0013% | 1 h | +10.9% | +10.9% | $13.2K | 2026-11-11 23:00 |
| Bitget | PONSUSDT | 0.0050% | 4 h | +10.9% | +12.8% | $1.6M | 2026-11-12 00:00 |
| HTX | PONS-USDT | 0.0050% | 4 h | +10.9% | +8.1% | $40.3K | 2026-11-12 00:00 |
| OKX | PONS-USDT-SWAP | 0.0050% | 4 h | +10.9% | +13.6% | $6.9M | 2026-11-12 00:00 |
| Nado | PONS-PERP_USDT0 | 0.0013% | 1 h | +10.9% | +10.9% | $124.3K | 2026-11-11 23:00 |
| LBank | PONSUSDT | 0.0050% | 4 h | +10.9% | +12.0% | — | 2026-11-12 00:00 |
| PopDEX | PONSUSDT | 0.0013% | 1 h | +10.9% | +11.0% | $9.6K | 2026-11-11 23:00 |
| Bitunix | PONSUSDT | 0.0050% | 4 h | +10.9% | +24.1% | — | 2026-11-12 00:00 |
| BingX | PONS-USDT | 0.0050% | 4 h | +10.9% | +24.3% | $874.9K | 2026-11-12 00:00 |
| Binance | PONSUSDT | 0.0050% | 4 h | +10.9% | +25.0% | $15.4M | 2026-11-12 00:00 |
| TXFlow | PONS-USDC | 0.0013% | 1 h | +10.9% | — | $18.5K | 2026-11-11 23:00 |
| Arcus | PONS-USD | 0.0013% | 1 h | +10.9% | +11.2% | $122K | 2026-11-11 23:00 |
| Hyperliquid | PONS | 0.0013% | 1 h | +10.9% | +11.0% | $8M | 2026-11-11 23:00 |
| Variational | PONS-PERP | 0.0050% | 4 h | +10.9% | +12.0% | $368.1K | 2026-11-12 00:00 |
| Lighter RH | PONS | 0.0012% | 1 h | +10.5% | +10.5% | $88.4K | 2026-11-11 23:00 |
| Lighter | PONS | 0.0012% | 1 h | +10.5% | +12.0% | $387.6K | 2026-11-11 23:00 |
| BloFin | PONS-USDT | 0.0020% | 4 h | +4.4% | +26.1% | $802K | 2026-11-12 00:00 |
| Gate | PONS_USDT | -0.0093% | 4 h | −20.4% | −5.9% | $9.5M | 2026-11-12 00:00 |
| Crypto.com | PONSUSD-PERP | -0.0047% | 1 h | −41.3% | +14.3% | $2.5K | 2026-11-11 23:00 |
Borrow PONS to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.42% | — |
| Gate | 5.96% | $120K |
| Bybit | 6.50% | — |
Cost to enter $10,000 of PONS
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter RH | PONS | 9.0 bp | order-book snapshot, 22 min old |
| Nado | PONS-PERP_USDT0 | 10.7 bp | order-book snapshot, 34 min old |
| MEXC | PONS_USDT | 3.3 bp | top of book only |
| Lighter | PONS | 5.3 bp | top of book only |
| Extended | PONS-USD | 6.8 bp | top of book only |
| Binance | PONSUSDT | 8.3 bp | top of book only |
| BingX | PONS-USDT | 8.3 bp | top of book only |
| OKX | PONS-USDT-SWAP | 8.3 bp | top of book only |
| Aster | PONSUSDT | 8.7 bp | top of book only |
| Bybit | PONSUSDT | 8.8 bp | top of book only |
| Variational | PONS-PERP | 10.1 bp | top of book only |
| Hyperliquid | PONS | 10.5 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on PONS
Questions
Is PONS funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PONS pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PONS funding rate?
Kraken at +59.6% a year (0.0068% every 1 h); the lowest is Crypto.com at −41.3%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.