PONS funding rates
PONS perpetual funding is currently quoted across 9 venues, ranging from +10.5% to +198.5% APR. The most reliable delta-neutral pairing for PONS right now is long Lighter RH / short Lighter at +85.6% net APR (high risk, ~0.8d to break even).
as of 2026-09-04 17:16 UTC
Best delta-neutral pairing
Long Lighter RH / Short Lighter
+85.6% net APR
- Backtested (30d)
- +35.9%
- Stability
- 90.9%
- Risk
- high
- Breakeven
- ~0.8d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradePONS funding by exchange
| Exchange | Funding APR |
|---|---|
| Pacifica | +198.52% |
| Lighter | +118.26% |
| TxFlow | +90.98% |
| Variational | +62.61% |
| Extended | +52.56% |
| Hyperliquid | +10.95% |
| Aster | +10.95% |
| SoDEX | +10.95% |
| Lighter RH | +10.51% |
Frequently asked
What is the PONS funding rate right now?
PONS perpetual funding ranges from 10.51% to 198.52% APR across 9 exchanges we track; the widest delta-neutral spread is long Lighter RH / short Lighter at 85.6% net APR.
Which exchange has the highest PONS funding rate?
Pacifica currently has the highest at 198.52% APR. See the full ranking above.