PONS Funding Rate — live across 12 venues
Compared across 12 supported venues · net of estimated fees · updated every few minutes
Live annualized PONS perpetual funding across all 12 venues Perpia tracks. Right now PONS funding is positive on 9 and negative on 3, ranging from +10.9% on MEXC to -29.8% on Extended — a spread of 40.7%. The widest delta-neutral trade is long Extended / short Lighter at 37.2% net APR.
PONS funding trend & liquidity
19h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
PONS funding rate by venue
16 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| MEXC↗ | +10.9% | 4h |
| Hyperliquid↗ | +10.9% | 1h |
| Bybit↗ | +10.9% | 4h |
| Variational↗ | +10.9% | 4h |
| Bitget↗ | +10.9% | 4h |
| Aster↗ | +10.9% | 1h |
| Pacifica↗ | +10.9% | 1h |
| Lighter↗ | +10.5% | 8h |
| BingX↗ | +7.7% | 4h |
| KuCoin↗ | -2.8% | 4h |
| Gate.io↗ | -29.6% | 4h |
| Extended↗ | -29.8% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Extended vs Lighter page.
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PONS funding — FAQ
Is PONS funding positive right now?
PONS perpetual funding is positive on 9 of 12 venues Perpia tracks and negative on 3. The highest is +10.9% on MEXC; the lowest is -29.8% on Extended.
What is the best PONS funding arbitrage right now?
Go long Extended and short Lighter for about 37.2% net APR after fees — the widest delta-neutral PONS spread Perpia currently sees.
Which exchange has the highest PONS funding rate?
MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How PONS funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to PONS
Markets also quoted on both Extended and Lighter — the same two exchanges you would already have funded for the PONS trade.
See every spread between them on the Extended vs Lighter page.