PONS perpetuals
Compare funding costs for one asset across venues.
Data as of 2026-09-30 23:45 UTC
PONS is quoted on 8 contracts. The highest funding rate is on Lighter at +98.99% annualised, quoted per 8h, and the lowest is on OKX at +10.95% — a gap of 88.04 points. Rate periods differ across these contracts, so each is converted to a simple annualised figure before comparison.
By venue
| Venue | Rate | Annualised | 30d realised APR | Max leverage | 24h turnover | Actions |
|---|---|---|---|---|---|---|
| LighterOn-chainPONS | +0.0904%8h | +98.99% | — no history yet |
3x | 4.3M | |
| GateCentralisedPONS_USDT | +0.0432%4h | +94.61% | +75.36% |
20x | 5.1M | |
| HyperliquidOn-chainPONS | +0.0031%1h | +27.10% | +58.16% |
3x | 30.2M | |
| BybitCentralisedPONSUSDT | +0.0051%4h | +11.13% | +66.73% |
20x | 33.9M | |
| AsterOn-chainPONSUSDT | +0.0050%4h | +10.95% | — no history yet |
20x | 1.4M | |
| BinanceCentralisedPONSUSDT | +0.0050%4h | +10.95% | +96.01% |
20x | 84.2M | |
| BitgetCentralisedPONSUSDT | +0.0050%4h | +10.95% | +87.39% |
20x | 12.3M | |
| OKXCentralisedPONS-USDT-SWAP | +0.0050%4h | +10.95% | +166.44% |
20x | 51.8M |
Common questions
Which exchanges list PONS perpetual futures?
PONS trades as 8 perpetual contracts across 8 venues: Aster, Binance, Bitget, Bybit, Gate, Hyperliquid, Lighter and OKX. The busiest is Binance, with $84.2M of 24h turnover — 38% of the total.
Where is PONS funding cheapest right now?
For a long, the most favourable collected rate is +10.95% annualised on OKX; for a short, it is +98.99% on Lighter — a gap of 88.04 points. Every venue collected has longs paying right now.
How much funding does a 10,000 USDT PONS position pay per day?
At current rates a 10,000 USDT long pays about +27.12 USDT a day on Lighter and +3.00 USDT on OKX.
How often does PONS funding settle?
It depends on the venue: Hyperliquid and Lighter every 1h; Aster, Binance, Bitget, Bybit, Gate and OKX every 4h.
What has PONS funding actually paid over the past 30 days?
The highest realised figure was on Bitget: +87.39% annualised across 50 settlements, 0% of them negative. The lowest was Hyperliquid, at +58.16%. 4 of the 8 contracts have at least a week of settled history to measure.
What is the highest leverage available on PONS?
The highest collected cap is 20x, on Aster, Binance, Bitget, Bybit, Gate and OKX. On Aster it applies up to 1M USDT of notional; above that the cap drops to 10x.
PONS comparison scope and payment direction
Positive funding is paid by longs; negative funding is paid by shorts. High and low are rate values, not recommendations. These contracts quote in USD and USDT; check each specification for settlement currency and multiplier before comparing. Annualisation method · Official sources.
Rates and chart methodology
Annualised over the window sums what actually settled on that contract, then extrapolates across the hours those settlements covered — it is not today's rate projected forward. A contract listed less than 30 days ago is extrapolated from its own span. The grey line is zero: above it longs pay, below it shorts pay. Every row in that column shares one vertical scale, so their swings can be compared directly.
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Margin ladders
Lighter · PONS No deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – ∞ quote | 20.0000% | 3.00x | — |
Gate · PONS_USDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 2.5000% | 20.00x | — |
| 2 | 5000 – 10000 quote | 3.0000% | 16.00x | 25 |
| 3 | 10000 – 20000 quote | 3.5000% | 14.00x | 75 |
| 4 | 20000 – 30000 quote | 4.0000% | 12.00x | 175 |
| 5 | 30000 – 50000 quote | 5.0000% | 10.00x | 475 |
| 6 | 50000 – 70000 quote | 6.5000% | 8.00x | 1225 |
| 7 | 70000 – 100000 quote | 8.0000% | 6.00x | 2275 |
| 8 | 100000 – 200000 quote | 10.0000% | 5.00x | 4275 |
| 9 | 200000 – 300000 quote | 15.0000% | 4.00x | 14275 |
| 10 | 300000 – 500000 quote | 20.0000% | 3.00x | 29275 |
| 11 | 500000 – 1000000 quote | 25.0000% | 2.00x | 54275 |
| 12 | 1000000 – 1500000 quote | 40.0000% | 1.50x | 204275 |
| 13 | 1500000 – ∞ quote | 70.0000% | 1.05x | 654275 |
Hyperliquid · PONS With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – ∞ quote | 16.6667% | 3.00x | — |
Bybit · PONSUSDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 2.5000% | 20.00x | — |
| 2 | 5000 – 6000 quote | 2.6300% | 19.00x | 6.5 |
| 3 | 6000 – 7000 quote | 2.7800% | 18.00x | 15.5 |
| 4 | 7000 – 8000 quote | 2.9400% | 17.00x | 26.7 |
| 5 | 8000 – 9000 quote | 3.1300% | 16.00x | 41.9 |
| 6 | 9000 – 10000 quote | 3.3300% | 15.00x | 59.9 |
| 7 | 10000 – 12000 quote | 3.5700% | 14.00x | 83.9 |
| 8 | 12000 – 14000 quote | 3.8500% | 13.00x | 117.5 |
| 9 | 14000 – 16000 quote | 4.1700% | 12.00x | 162.3 |
| 10 | 16000 – 18000 quote | 4.5500% | 11.00x | 223.1 |
| 11 | 18000 – 20000 quote | 5.0000% | 10.00x | 304.1 |
| 12 | 20000 – 22000 quote | 5.2600% | 9.50x | 356.1 |
| 13 | 22000 – 24000 quote | 5.5600% | 9.00x | 422.1 |
| 14 | 24000 – 26000 quote | 5.8800% | 8.50x | 498.9 |
| 15 | 26000 – 28000 quote | 6.2500% | 8.00x | 595.1 |
| 16 | 28000 – 30500 quote | 6.6700% | 7.50x | 712.7 |
| 17 | 30500 – 34000 quote | 7.1400% | 7.00x | 856.05 |
| 18 | 34000 – 37500 quote | 7.6900% | 6.50x | 1043.05 |
| 19 | 37500 – 41000 quote | 8.3300% | 6.00x | 1283.05 |
| 20 | 41000 – 44500 quote | 9.0900% | 5.50x | 1594.65 |
| 21 | 44500 – 50000 quote | 10.0000% | 5.00x | 1999.6 |
| 22 | 50000 – 75000 quote | 11.1100% | 4.50x | 2554.6 |
| 23 | 75000 – 100000 quote | 12.5000% | 4.00x | 3597.1 |
| 24 | 100000 – 150000 quote | 14.2900% | 3.50x | 5387.1 |
| 25 | 150000 – 200000 quote | 16.6700% | 3.00x | 8957.1 |
| 26 | 200000 – 300000 quote | 20.0000% | 2.50x | 15617.1 |
| 27 | 300000 – 500000 quote | 25.0000% | 2.00x | 30617.1 |
| 28 | 500000 – 1000000 quote | 28.5700% | 1.75x | 48467.1 |
| 29 | 1000000 – 1750000 quote | 33.3300% | 1.50x | 96067.1 |
| 30 | 1750000 – ∞ quote | 50.0000% | 1.00x | 387792.1 |
Aster · PONSUSDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 1000000 quote | 2.5000% | 20.00x | — |
| 2 | 1000000 – 2000000 quote | 5.0000% | 10.00x | 25000 |
| 3 | 2000000 – 5000000 quote | 10.0000% | 5.00x | 125000 |
| 4 | 5000000 – 10000000 quote | 12.5000% | 4.00x | 250000 |
| 5 | 10000000 – 20000000 quote | 16.6700% | 3.00x | 667000 |
| 6 | 20000000 – 40000000 quote | 25.0000% | 2.00x | 2333000 |
| 7 | 40000000 – 1000000000 quote | 50.0000% | 1.00x | 12333000 |
Binance · PONSUSDT With deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 2.5000% | 20.00x | — |
| 2 | 5000 – 10000 quote | 5.0000% | 10.00x | 125 |
| 3 | 10000 – 50000 quote | 10.0000% | 5.00x | 625 |
| 4 | 50000 – 100000 quote | 12.5000% | 4.00x | 1875 |
| 5 | 100000 – 250000 quote | 16.6700% | 3.00x | 6045 |
| 6 | 250000 – 2500000 quote | 25.0000% | 2.00x | 26870 |
| 7 | 2500000 – 5000000 quote | 50.0000% | 1.00x | 651870 |
Bitget · PONSUSDT No deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 5000 quote | 2.5000% | 20.00x | — |
| 2 | 5000 – 25000 quote | 3.3400% | 15.00x | — |
| 3 | 25000 – 50000 quote | 5.0000% | 10.00x | — |
| 4 | 50000 – 100000 quote | 10.0000% | 5.00x | — |
| 5 | 100000 – 150000 quote | 12.5000% | 4.00x | — |
| 6 | 150000 – 500000 quote | 30.0000% | 2.00x | — |
| 7 | 500000 – ∞ quote | 60.0000% | 1.00x | — |
OKX · PONS-USDT-SWAP No deduction
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 40000 base | 2.0000% | 20.00x | — |
| 2 | 40010 – 80000 base | 3.0000% | 15.00x | — |
| 3 | 80010 – 120000 base | 4.0000% | 12.50x | — |
| 4 | 120010 – 160000 base | 4.5000% | 11.76x | — |
| 5 | 160010 – 200000 base | 5.0000% | 11.11x | — |
| 6 | 200010 – 240000 base | 5.5000% | 10.52x | — |
| 7 | 240010 – 280000 base | 6.0000% | 10.00x | — |
| 8 | 280010 – 320000 base | 6.5000% | 9.52x | — |
| 9 | 320010 – 360000 base | 7.0000% | 9.09x | — |
| 10 | 360010 – 400000 base | 7.5000% | 8.69x | — |
| 11 | 400010 – 440000 base | 8.0000% | 8.33x | — |
| 12 | 440010 – 480000 base | 8.5000% | 8.00x | — |
| 13 | 480010 – 520000 base | 9.0000% | 7.69x | — |
| 14 | 520010 – 560000 base | 9.5000% | 7.40x | — |
| 15 | 560010 – 600000 base | 10.0000% | 7.14x | — |
| 16 | 600010 – 640000 base | 10.5000% | 6.89x | — |
| 17 | 640010 – 680000 base | 11.0000% | 6.66x | — |
| 18 | 680010 – 720000 base | 11.5000% | 6.45x | — |
| 19 | 720010 – 760000 base | 12.0000% | 6.25x | — |
| 20 | 760010 – 800000 base | 12.5000% | 6.06x | — |
| 21 | 800010 – 840000 base | 13.0000% | 5.88x | — |
| 22 | 840010 – 880000 base | 13.5000% | 5.71x | — |
| 23 | 880010 – 920000 base | 14.0000% | 5.55x | — |
| 24 | 920010 – 960000 base | 14.5000% | 5.40x | — |
| 25 | 960010 – 1000000 base | 15.0000% | 5.26x | — |
| 26 | 1000010 – 1040000 base | 15.5000% | 5.12x | — |
| 27 | 1040010 – 1080000 base | 16.0000% | 5.00x | — |
| 28 | 1080010 – 1120000 base | 16.5000% | 4.87x | — |
| 29 | 1120010 – 1160000 base | 17.0000% | 4.76x | — |
| 30 | 1160010 – 1200000 base | 17.5000% | 4.65x | — |
| 31 | 1200010 – 1240000 base | 18.0000% | 4.54x | — |
| 32 | 1240010 – 1280000 base | 18.5000% | 4.44x | — |
| 33 | 1280010 – 1320000 base | 19.0000% | 4.34x | — |
| 34 | 1320010 – 1360000 base | 19.5000% | 4.25x | — |
| 35 | 1360010 – 1400000 base | 20.0000% | 4.16x | — |
| 36 | 1400010 – 1440000 base | 20.5000% | 4.08x | — |
| 37 | 1440010 – 1480000 base | 21.0000% | 4.00x | — |
| 38 | 1480010 – 1520000 base | 21.5000% | 3.92x | — |
| 39 | 1520010 – 1560000 base | 22.0000% | 3.84x | — |
| 40 | 1560010 – 1600000 base | 22.5000% | 3.77x | — |
| 41 | 1600010 – 1640000 base | 23.0000% | 3.70x | — |
| 42 | 1640010 – 1680000 base | 23.5000% | 3.63x | — |
| 43 | 1680010 – 1720000 base | 24.0000% | 3.57x | — |
| 44 | 1720010 – 1760000 base | 24.5000% | 3.50x | — |
| 45 | 1760010 – 1800000 base | 25.0000% | 3.44x | — |
| 46 | 1800010 – 1840000 base | 25.5000% | 3.38x | — |
| 47 | 1840010 – 1880000 base | 26.0000% | 3.33x | — |
| 48 | 1880010 – 1920000 base | 26.5000% | 3.27x | — |
| 49 | 1920010 – 1960000 base | 27.0000% | 3.22x | — |
| 50 | 1960010 – 2000000 base | 27.5000% | 3.17x | — |
| 51 | 2000010 – 2040000 base | 28.0000% | 3.12x | — |
| 52 | 2040010 – 2080000 base | 28.5000% | 3.07x | — |
| 53 | 2080010 – 2120000 base | 29.0000% | 3.03x | — |
| 54 | 2120010 – 2160000 base | 29.5000% | 2.98x | — |
| 55 | 2160010 – 2200000 base | 30.0000% | 2.94x | — |
| 56 | 2200010 – 2240000 base | 30.5000% | 2.89x | — |
| 57 | 2240010 – 2280000 base | 31.0000% | 2.85x | — |
| 58 | 2280010 – 2320000 base | 31.5000% | 2.81x | — |
| 59 | 2320010 – 2360000 base | 32.0000% | 2.77x | — |
| 60 | 2360010 – 2400000 base | 32.5000% | 2.73x | — |
| 61 | 2400010 – 2440000 base | 33.0000% | 2.70x | — |
| 62 | 2440010 – 2480000 base | 33.5000% | 2.66x | — |
| 63 | 2480010 – 2520000 base | 34.0000% | 2.63x | — |
| 64 | 2520010 – 2560000 base | 34.5000% | 2.59x | — |
| 65 | 2560010 – 2600000 base | 35.0000% | 2.56x | — |
| 66 | 2600010 – 2640000 base | 35.5000% | 2.53x | — |
| 67 | 2640010 – 2680000 base | 36.0000% | 2.50x | — |
| 68 | 2680010 – 2720000 base | 36.5000% | 2.46x | — |
| 69 | 2720010 – 2760000 base | 37.0000% | 2.43x | — |
| 70 | 2760010 – 2800000 base | 37.5000% | 2.40x | — |
| 71 | 2800010 – 2840000 base | 38.0000% | 2.38x | — |
| 72 | 2840010 – 2880000 base | 38.5000% | 2.35x | — |
| 73 | 2880010 – 2920000 base | 39.0000% | 2.32x | — |
| 74 | 2920010 – 2960000 base | 39.5000% | 2.29x | — |
| 75 | 2960010 – 3000000 base | 40.0000% | 2.27x | — |
| 76 | 3000010 – 3040000 base | 40.5000% | 2.24x | — |
| 77 | 3040010 – 3080000 base | 41.0000% | 2.22x | — |
| 78 | 3080010 – 3120000 base | 41.5000% | 2.19x | — |
| 79 | 3120010 – 3160000 base | 42.0000% | 2.17x | — |
| 80 | 3160010 – 3200000 base | 42.5000% | 2.15x | — |
| 81 | 3200010 – 3240000 base | 43.0000% | 2.12x | — |
| 82 | 3240010 – 3280000 base | 43.5000% | 2.10x | — |
| 83 | 3280010 – 3320000 base | 44.0000% | 2.08x | — |
| 84 | 3320010 – 3360000 base | 44.5000% | 2.06x | — |
| 85 | 3360010 – 3400000 base | 45.0000% | 2.04x | — |
| 86 | 3400010 – 3440000 base | 45.5000% | 2.02x | — |
| 87 | 3440010 – 3480000 base | 46.0000% | 2.00x | — |