PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0532%/8h= +58.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.186%

Price spread now: Lighter against ApeX Omni+1.130%108s7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1431.434% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.926%+$93 on $10k

Price spread, last 4 days (all we have)−1.307%−$131 · spread now +1.130%, 7d avg −0.054%

Together, before fees−0.381%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 1.184% dearer against ApeX Omni than usual: you sell high and buy low: +$118 more if the spread goes back to its 7-day average of −0.054%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.5804	0.0100	pay 0.0013% / 1h	19m 42s	$29K	$329K	5x
Short	Lighter PONS	0.5870	0.0632	get 0.0079% / 1h	19m 42s	$1.6M	$935K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee LighterbpOrdersPrice spread, now +1.130%Rate

Funding earned: $111.72
Price spread: +1.130% → −0.054%: $118.43
Slippage, 4 orders: −$133.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $86.73
Costs to cover: 1.434%
Break-even: 1.6 days

Slippage from ApeX Omni: live order book, 28 min ago; Lighter: live order book, 2 min ago.

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 ApeX Omni live order book, 28 min ago	32.31 bp	54.6 bp −$55	130.2 bp −$1,302	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	4.01 bp	11.3 bp −$11	23.6 bp −$236	doesn't fit	doesn't fit

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 +0.0033% / S −0.0032%	1h	0.5857	+0.916%	$233K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+2.846%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5869	+1.123%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5866	+1.063%	$18K	$437K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5871	+1.156%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5866	+1.059%	$69K	$131K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5872	+1.166%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.5804	long leg	$29K	$329K	5x
SunX PONS-USDT	+0.0100%	4h	0.5867	+1.080%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5867	+1.072%	$25K	$582K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5862	+0.992%	$64K	$526K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5867	+1.080%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0214%	1h	0.5872	+1.161%	$59.8M	$29.4M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5873	+1.190%	$366	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0392%	4h	0.5876	+1.235%	$13.3M	$55.6M	20x	as long as short
Aster PONSUSDT	+0.0466%	4h	0.5862	+1.001%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0588%	4h	0.5872	+1.166%	$7.5M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5873	+1.181%	$100K	$817K	5x	as long as short
Binance PONSUSDT	+0.0594%	4h	0.5875	+1.219%	$37.3M	$98.4M	20x	as long as short
Bitget PONSUSDT	+0.0600%	4h	0.5877	+1.246%	$4.6M	$12.1M	20x	as long as short
edgeX PONSUSDC	+0.0602%	4h	0.5804	−0.002%	$20K	$295K	10x	as long as short
Variational Omni PONS	+0.0620%	4h	0.5850	+0.796%	$1.3M	$4.1M	—	as long as short
Lighter PONSshort	+0.0632%	1h	0.5870	+1.130%	$1.6M	$935K	3x
KuCoin PONSUSDTM	+0.0712%	4h	0.5870	+1.125%	$1.6M	$3.8M	20x	as long as short
Pacifica PONS	+0.0715%	1h	0.5873	+1.189%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0741%	1h	0.5867	+1.089%	$110K	$1.9M	3x	as long as short
BloFin PONS-USDT	+0.0828%	4h	0.5850	+0.787%	$1.7M	$935K	20x	as long as short
BingX PONS-USDT	+0.0894%	4h	0.5876	+1.235%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0918%	4h	0.5875	+1.218%	$17.6M	$31.6M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5822	+0.310%	$44K	$121K	3x	as long as short