Funding you earn now, next payment 01:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.186%
Price spread now: Lighter RH against ApeX Omni+0.388%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1401.401% of the position
Funding, last 7 days+0.441%+$44 on $10k
+Price spread, last 3 days (all we have)−0.497%−$50 · spread now +0.388%, 7d avg −0.073%
=Together, before fees−0.056%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.460% dearer against ApeX Omni than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PONSUSDT | 0.6111 | 0.0100 | pay 0.0013% / 1h | 9m 18s | $33K | $356K | 5x |
| Short | Lighter RH PONS | 0.6135 | 0.0144 | get 0.0018% / 1h | 9m 18s | $434K | $2.6M | 3x |
ApeX Omni PONSUSDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.24
- Price spread: +0.388% → −0.073%
- $46.04
- Slippage, 4 orders
- −$130.07
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$84.78
- Costs to cover
- 1.401%
- Break-even
- 71.2 days
Slippage from ApeX Omni: live order book, 63 min ago; Lighter RH: live order book, 4 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, 63 min ago | 46.45 bp | 58.8 bp −$59 | 138.2 bp −$1,382 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 4.32 bp | 5.1 bp −$5 | 49.3 bp −$493 | 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 −0.0033% | 1h | 0.6129 | +0.284% | $243K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.320% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6145 | +0.551% | $21K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6118 | +0.109% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDTlong | +0.0100% | 1h | 0.6111 | long leg | $33K | $356K | 5x | |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6143 | +0.522% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6140 | +0.473% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6134 | +0.371% | $26K | $543K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6155 | +0.712% | $66K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6134 | +0.371% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONSshort | +0.0144% | 1h | 0.6135 | +0.388% | $434K | $2.6M | 3x | |
| Aevo PONS-PERP | +0.0176% | 1h | 0.6142 | +0.502% | $383 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0206% | 4h | 0.6126 | +0.241% | $14.1M | $56.6M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0220% | 4h | 0.6141 | +0.483% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0278% | 4h | 0.6140 | +0.468% | $4.8M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0340% | 4h | 0.6145 | +0.552% | $1.1M | $2.0M | 20x | as long as short |
| MEXC PONS_USDT | +0.0388% | 4h | 0.6145 | +0.551% | $8.0M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.0389% | 4h | 0.6134 | +0.371% | $40.3M | $96.1M | 20x | as long as short |
| Extended PONS-USD | +0.0392% | 1h | 0.6137 | +0.414% | $253K | $677K | 5x | as long as short |
| edgeX PONSUSDC | +0.0398% | 4h | 0.6124 | +0.201% | $21K | $291K | 10x | as long as short |
| Lighter PONS | +0.0496% | 1h | 0.6137 | +0.425% | $1.7M | $943K | 3x | as long as short |
| Nado PONS-PERP | +0.0591% | 1h | 0.6149 | +0.609% | $106K | $115K | 5x | as long as short |
| BingX PONS-USDT | +0.0592% | 4h | 0.6141 | +0.486% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.0620% | 4h | 0.6130 | +0.306% | $18.5M | $30.9M | 20x | as long as short |
| BloFin PONS-USDT | +0.0629% | 4h | 0.6135 | +0.388% | $1.8M | $997K | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6147 | +0.580% | $48K | $78K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0800% | 1h | 0.6143 | +0.522% | $45K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0870% | 1h | 0.6142 | +0.502% | $62.5M | $28.8M | 3x | as long as short |
| Gate PONS_USDT | +0.1384% | 4h | 0.6139 | +0.453% | $5.4M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6136 | +0.404% | $32K | $113K | 3x | as long as short |
Aevo PONS-PERP
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Lighter PONS
Nado PONS-PERP
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS