Funding you earn now, next payment 22:00 UTC+0.0936%/8h= +102.5% APRnext payment +$1.17 per $10,000 · paid last 24h +0.263%
Price spread now: Lighter against Aevo+0.037%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Lighter is 0.037% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PONS-PERP | 0.5893 | 0.0120 | pay 0.0015% / 1h | 34m 58s | $367 | — | 3x |
| Short | Lighter PONS | 0.5895 | 0.1056 | get 0.0132% / 1h | 34m 58s | $1.7M | $881K | 3x |
Aevo PONS-PERP
Lighter PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $196.56
- Price spread: +0.037% → 0.000%
- $3.73
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $184.29
- Costs to cover
- 0.160%
- Break-even
- 0.4 days
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 1 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aevo no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 1 min ago | 3.75 bp | 3.7 bp −$4 | 11.9 bp −$119 | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PONS on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | L +0.0032% / S −0.0034% | 1h | 0.5891 | −0.044% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.448% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5896 | +0.048% | $21K | $447K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5895 | +0.031% | $17.7M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5899 | +0.098% | $13.5M | $56.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5893 | −0.012% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5904 | +0.187% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5865 | −0.474% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5866 | −0.460% | $34K | $330K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5897 | +0.063% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5898 | +0.087% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5896 | +0.042% | $27K | $549K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5900 | +0.122% | $64K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5894 | +0.014% | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERPlong | +0.0120% | 1h | 0.5893 | long leg | $367 | — | 3x | |
| Nado PONS-PERP | +0.0148% | 1h | 0.5895 | +0.031% | $89K | $103K | 5x | as long as short |
| Gate PONS_USDT | +0.0148% | 4h | 0.5882 | −0.190% | $5.1M | $6.8M | 20x | as long as short |
| BingX PONS-USDT | +0.0154% | 4h | 0.5900 | +0.115% | — | $3.1M | — | as long as short |
| MEXC PONS_USDT | +0.0160% | 4h | 0.5896 | +0.048% | $7.5M | $5.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.0163% | 4h | 0.5834 | −1.013% | $20K | $292K | 10x | as long as short |
| Extended PONS-USD | +0.0168% | 1h | 0.5900 | +0.121% | $105K | $533K | 5x | as long as short |
| Binance PONSUSDT | +0.0169% | 4h | 0.5901 | +0.132% | $38.3M | $98.3M | 20x | as long as short |
| Aster PONSUSDT | +0.0197% | 4h | 0.5892 | −0.015% | $1.1M | $2.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0338% | 1h | 0.5897 | +0.063% | $38K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0409% | 4h | 0.5900 | +0.115% | $1.7M | $968K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5887 | −0.099% | $47K | $103K | 3x | as long as short |
| Hyperliquid PONS | +0.0558% | 1h | 0.5902 | +0.143% | $59.0M | $29.9M | 3x | as long as short |
| Lighter RH PONS | +0.0576% | 1h | 0.5895 | +0.031% | $394K | $2.6M | 3x | as long as short |
| Lighter PONSshort | +0.1056% | 1h | 0.5895 | +0.037% | $1.7M | $881K | 3x | |
| Phoenix PONS | +0.1275% | 1h | 0.5836 | −0.964% | $27K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Nado PONS-PERP
Gate PONS_USDT
BingX PONS-USDT
MEXC PONS_USDT
edgeX PONSUSDC
Extended PONS-USD
Binance PONSUSDT
Aster PONSUSDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Lighter RH PONS
Phoenix PONS