PONS Funding Rate
PONS perpetual funding on 23 exchanges: the current rate, annualized, what was actually paid and the payment history. Positive means longs pay shorts.
Updated · How we count
PONS funding rate on every exchange
| Exchange | Rate per 8 h | Per period | Predicted | By premium | Annual | 1 day · 7 days · 30 days | Next payment | 24h volume | ||
|---|---|---|---|---|---|---|---|---|---|---|
 Lighter1 hbest long | +0.0096% | +0.0012% | — | — | 10.5% | +0.0282% | +0.0349% | +1.640% | $142.7K | |
 Bitget4 h | +0.0100% | +0.0050% | — | +0.0050% | 11.0% | +0.0300% | +0.210% | +1.643% | $2.3M | |
 Phemex4 h | +0.0100% | +0.0050% | — | +0.0050% | 11.0% | +0.0300% | +0.210% | +0.983% | $1.2M | |
 Aster4 h | +0.0100% | +0.0050% | — | +0.0050% | 11.0% | +0.0300% | +0.210% | +1.653% | $531.9K | |
 Bybit4 h | +0.0100% | +0.0050% | — | +0.0050% | 11.0% | +0.0300% | +0.201% | +1.559% | $6.3M | |
 Mode Trade4 h | +0.0100% | +0.0050% | — | — | 11.0% | +0.0289% | +0.209% | +0.922% | — | |
 Binance4 h | +0.0100% | +0.0050% | — | +0.0062% | 11.0% | +0.0300% | +0.210% | +1.667% | — | |
 WOOFi Pro4 h | +0.0100% | +0.0050% | — | — | 11.0% | +0.0289% | +0.209% | +0.922% | — | |
 Gate4 h | +0.0100% | +0.0050% | — | +0.0568% | 11.0% | −0.0350% | −0.0246% | +1.022% | $1.5M | |
 MEXC4 h | +0.0100% | +0.0050% | — | +0.0609% | 11.0% | +0.0300% | +0.210% | +1.666% | $1.9M | |
 LBank4 h | +0.0100% | +0.0050% | — | +0.0179% | 11.0% | +0.0300% | +0.210% | +0.649% | — | |
 KuCoin4 h | +0.0100% | +0.0050% | — | — | 11.0% | +0.0312% | +0.244% | +1.544% | $1.7M | |
 BTSE4 h | +0.0100% | +0.0050% | — | — | 11.0% | +0.0300% | +0.210% | +0.943% | $570.1K | |
 Hyperliquid1 h | +0.0100% | +0.0013% | — | +0.0013% | 11.0% | +0.0300% | +0.213% | +1.463% | $5.7M | |
 OKX4 h | +0.0100% | +0.0050% | — | — | 11.0% | +0.0300% | +0.210% | +1.351% | $13.3M | |
 BingX4 h | +0.0100% | +0.0050% | — | +0.0050% | 11.0% | +0.0300% | +0.210% | +2.129% | $1.1M | |
 Deepcoin4 h | +0.0100% | +0.0050% | — | — | 11.0% | +0.0300% | +0.197% | +0.978% | $1.3M | |
 Toobit4 h | +0.0100% | +0.0050% | — | +0.0307% | 11.0% | +0.0300% | +0.210% | +2.074% | $2.5M | |
 HTX4 h | +0.0100% | +0.0050% | — | — | 11.0% | +0.0300% | +0.210% | +0.900% | $290.5K | |
 XT4 h | +0.0101% | +0.0050% | — | +0.0050% | 11.1% | +0.0332% | +0.227% | +3.128% | $2.6M | |
 WEEX4 h | +0.0102% | +0.0051% | — | +0.0050% | 11.2% | +0.0292% | +0.208% | +1.653% | $144.2K | |
 Extended1 h | +0.0104% | +0.0013% | — | +0.0013% | 11.4% | +0.0312% | +0.218% | +1.740% | $158.3K | |
 BloFin4 h | +0.0340% | +0.0170% | — | +0.0179% | 37.2% | +0.102% | +0.590% | +3.705% | $196K | |
 Kraken1 hbest short | +0.138% | +0.0172% | +0.0187% | +0.0111% | 151% | +0.271% | +0.801% | +7.061% | $246.3K | |
What PONS funding actually paid
Over 7 days, a PONS long paid +0.235% on average across exchanges (12.2% a year). The most on Kraken (+0.801%), the least on Gate (−0.0246%).
Over 30 days, a PONS long paid +1.791% on average across exchanges (22.2% a year). The most on Kraken (+7.061%), the least on LBank (+0.649%).
PONS funding rate history chart
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PONS funding arbitrage right now
Among the exchanges that publish a 24h volume, the lowest rate now is on Lighter (+0.0096% per 8 h), the highest on Kraken (+0.138%). Long on Lighter and short on Kraken, price hedged: a difference of 140% a year before fees and before the rates move.
Rates only. The price spread between the two perps, fees to enter and exit, book depth and whether the rate holds are in the futures screener →
PONS perpetual futures by exchange
OKXPONS/USDT:USDT$0.233350$13.3MBybitPONS/USDT:USDT$0.233350$6.3MHyperliquidPONS/USDC:USDC$0.233470$5.7MXTPONS/USDT:USDT$0.233450$2.6MToobitPONS/USDT:USDT$0.233650$2.5MBitgetPONS/USDT:USDT$0.233485$2.3MMEXCPONS/USDT:USDT$0.233600$1.9MKuCoinPONS/USDT:USDT$0.233700$1.7MGatePONS/USDT:USDT$0.233250$1.5MDeepcoinPONS/USDT:USDT$0.233650$1.3MPhemexPONS/USDT:USDT$0.233650$1.2MBingXPONS/USDT:USDT$0.233750$1.1MBTSEPONS/USDT:USDT$0.233500$570.1KAsterPONS/USDT:USDT$0.233405$531.9KHTXPONS/USDT:USDT$0.233600$290.5KKrakenPONS/USD:USD$0.233600$246.3KBloFinPONS/USDT:USDT$0.233600$196KExtendedPONS/USDC:USDC$0.233420$158.3KWEEXPONS/USDT:USDT$0.233500$144.2KLighterPONS/USDC:USDC$0.233575$142.7KMode TradePONS/USDC:USDC$0.233455—BinancePONS/USDT:USDT$0.233650—WOOFi ProPONS/USDC:USDC$0.233455—LBankPONS/USDT:USDT—FAQ
- What is the PONS funding rate?
A periodic payment between long and short holders of PONS perpetual futures that keeps the contract price near spot. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Right now it ranges from 0.0096% to 0.1377% per 8 hours across 23 exchanges.
- How often is PONS funding paid?
Every 8 hours on most exchanges, every 1–4 hours on some (Hyperliquid pays hourly). The table shows each exchange's interval and the time to the next payment.
- Why is the PONS funding rate different on each exchange?
Each exchange computes it from its own premium of perpetual over index price and its own interval and caps. The difference is what funding arbitrage earns: short where funding is highest, long where it is lowest.
- Does a high APR mean high profit?
No. APR extrapolates the current rate over a year, and rates change every period. Compare it with what was actually paid over 7 and 30 days in the table above.