PONS/USDT
Last updated: 11/2/2026, 6:29:56 AM
Market calm across metrics
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Of the ~500 Hyperliquid accounts we track, 7 hold PONS: $398.0K long across 2 positions and $4.98M short across 5 positions — net $4.58M short. No tracked liquidation level sits within 60% of the $0.23209 Hyperliquid mark. That is the 2026-11-02 13:00 UTC whale sweep; the interactive panel below reloads it on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $0.2331 | $0.2328 | $0.2331 |
| OI (USD) | $20.06M | $10.55M | $1.09M |
| OI share | 63.3% | 33.3% | 3.4% |
| OI (tokens) | 86,050,224 | 45,333,189 | 4,664,520 |
| Funding rate | 0.0087% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other degen names
PONS sits in the degen names cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way PONS's does:
Stress score (0–1) and 24h price change, from the same daily sync as this page.
PONS perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are PONS's current liquidation levels?
Across the exchanges we aggregate, $17.3K of PONS positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for PONSUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.
How much open interest does PONS have right now?
Aggregated open interest in PONS perpetuals is $31.70M: $20.06M on Binance (63%), $10.55M on Bybit (33%) and $1.09M on KuCoin (3%). That position base is -1.8% over 24 hours and -9.8% over the last week. Open interest is 1.98× the pair's 24-hour volume, so positions are being held rather than churned.
What is PONS's funding rate?
Binance settles PONSUSDT funding at 0.0087% every 8 hours, which annualises to roughly 9.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $2.60 a day to stay open.
Are whales long or short PONS?
Among the ~500 largest Hyperliquid accounts we track, 7 hold positions of $100k or more in PONS: $398.0K long across 2 and $4.98M short across 5 — a net $4.58M short. At the start of the tracked week that net figure was $3.53M short. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and PONS is one of them.
Is PONS over-leveraged right now?
PONS's leverage-stress score is 0.061 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($156.44M of market cap against $31.70M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($17.3K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has PONS seen heavy liquidations lately?
Over the last 30 complete days, 89% of the PONS notional that got liquidated was long positions and 11% was shorts, so the pain has been mostly on the long side. The mirrored bar chart on this page plots the daily long/short split for the past year.
PONS/USDT (PONSUSDT) perpetual futures shows a leverage-stress score of 0.061 out of 1.0 (low risk), $31.70M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0087% as of Nov 2, 2026. These are diagnostic readings of market conditions, not a trade signal.