PONS Funding Rates: Live Across 23 Exchanges

As of 2026-10-03 18:38 UTC, PONS perpetual funding averages 0.0251% per 8 hours (27.48% APR) across all 23 exchanges that list it, weighted by 24h volume (median 0.0213%). Highest: Kraken at 0.0181% per 1h (158.12% APR). Lowest: Lighter at -0.0744% per 8h (-81.47% APR). Going long on Lighter and short on Kraken collects a gross spread of 0.2188% per 8 hours (239.59% APR) before fees.

Long PONS on Lighter and short on Kraken for a funding gap of 0.2188% per 8 hours. Trading fees, slippage and the price basis between venues reduce the net return; the funding table shows it after fees for your size. See how this gap moved. Learn how funding rate arbitrage works and what a funding rate is.

Frequently asked questions

Is the PONS funding rate positive right now?

Mostly yes. PONS funding is positive on 22 of the 23 exchanges, which means longs are paying shorts on those venues.

Which exchange has the highest PONS funding rate?

Kraken at 0.0181% per 1h (158.12% APR). The lowest is Lighter at -0.0744% per 8h (-81.47% APR).

What is the PONS funding arbitrage spread?

The gross spread is 0.2188% per 8 hours (239.59% APR): long PONS on Lighter and short on Kraken. Trading fees, slippage and price basis reduce the net return.

How often is PONS funding paid?

PONS funding is paid every 8 hours on Deepcoin and Lighter; every 4 hours on XT.COM, Toobit, BingX, MEXC, Binance, LBank, Aster, Bybit, OKX, WEEX, Bitget, Gate, KuCoin, HTX, BTSE, and WOOFi Pro; every hour on Kraken, Pacifica, Extended, Crypto.com, and Hyperliquid. Rates on this page are also shown as APR so they can be compared directly.