⚠︎ Risk warning: leveraged derivatives on unregulated platforms — you can lose everything you deposit. Not investment advice.
PONS perpetual on Hyperliquid
Live market data and verified contract mechanics for the PONS perp — one of the markets on Hyperliquid's on-chain order book.
Loading live PONS data from Hyperliquid…
Which venues list PONS
4 of the perp DEXs this site covers list a PONS perpetual. Each uses its own ticker for the same underlying — shown below so you can confirm you're on the right market before sizing a position.
| Venue | Ticker there | Contract tracks | Max leverage |
|---|---|---|---|
| Hyperliquid | PONS | 1 unit | 3x |
| Aster | PONSUSDT | 1 unit | not published on the public API |
| edgeX | PONSUSDC | 1 unit | up to 10x on the smallest position tier — falls as size grows Maintenance margin 5% |
| Pacifica | PONS | 1 unit | 3x |
Venue coverage from each exchange's own public market-list endpoint, snapshot 2026-09-02. Tickers are reproduced exactly as the venue publishes them. Where a venue doesn't publish a leverage cap without an authenticated key, this table says so rather than estimating one.
Contract specs
| Contract type | Linear perpetual, no expiry — cash-settled, funding every hour |
|---|---|
| Collateral | USDC |
| Oracle | USDT-denominated oracle against USDC collateral (a quanto-style detail from Hyperliquid's contract specifications) |
| Max leverage | 3x (set per asset by the exchange; leverage is any integer from 1 up to this cap) |
| Size precision | 0 decimal places |
Specs from Hyperliquid's public API meta and official contract-specification docs. Build-time reference (2026-09-03): mark price 0.509057, 24h volume $80.5M — the live strip above supersedes these on load.
How trading PONS perps works here
Like every Hyperliquid perp, PONS-USD trades on a fully on-chain central limit order book with no gas fee per trade — costs are the maker/taker fee (fee schedule) plus hourly peer-to-peer funding. Margin can be cross or isolated; maintenance margin is half the initial margin at this market's 3x cap — the full liquidation math is in our leverage & liquidation guide.
At 3x maximum leverage, initial margin for a PONS position is 1/3 of notional at minimum — and the higher the leverage, the closer liquidation sits to entry. New to the instrument entirely? Read perpetuals explained first, and our Hyperliquid review for the venue itself, including the risks.
PONS's 3x cap is among the lowest Hyperliquid sets. A ceiling this low is effectively the exchange flagging a thinner or more volatile market: treat available liquidity as limited, and size positions conservatively rather than assuming you can scale in and out freely.
PONS also trades on Aster and edgeX and Pacifica. Fee schedules and funding mechanics are set per venue, not per asset — compare them on fee comparison and live funding rates, and see the feature comparison for order types, collateral, and everything else each venue supports.
Other markets
Browse all covered perp markets, or compare across venues with the live funding, open interest, and volume tools.
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