Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5497 | +0.1092 | pay 0.0136% / 1h | 58m 52s | $85K | $241K | 4x | Long Arcus5% off | |
| SHORT | 0.5504 | +0.0672 | get 0.0084% / 1h | 58m 52s | $2.6M | $2.4M | 3x | Short Lighter7d free |
Price gap+0.120%
Funding gap−0.0420% /8h
The gap pays +$18 on $10k if it goes back to its 7d average, but funding costs $13 a day and eats that in about 34 hours. At the last 7 days' pace that is about 5.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$9−0.0420% /8h now · paid −0.091% over the last 3 days (all we have)
Price+$18spread +0.120% now, avg −0.061% → +0.181% if it goes back
Costs−$370.365% of $10k · taker + slippage, in and out
Result−$28−0.28%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 3 days it paid −0.091% in total, about −0.0122%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.120%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 32 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest11.0 / 8.4 bp$10k is over 10% of Arcus’s open interest.
- Note: Margin at max leverage$2,500 + $3,333Arcus 4x, Lighter 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$12.60Long Arcus: 24 payments, −$32.76; short Lighter: 24 payments, +$20.16.
- OK: Entry gap works for you+0.120% vs −0.061%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$85K vs $2.6M OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legArcus No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0122%/8h × 21 periods−$25.60
Price spread+0.120% → −0.061% (7d avg)+$18.11
Slippage, 4 orderslive order books−$32.02
Fee Arcus bp × 2 orders−$4.50
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$44.01
Costs to cover0.365%Break-evennever at this rate
Slippage: Arcus: live order book, 60 min ago; Lighter: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus8.7011.0 bp−$1119.1 bp−$191doesn’t fitdoesn’t fit
SELL · SHORTLighter2.468.4 bp−$812.1 bp−$121217.6 bp−$21.8Kdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Kraken Futures
Avantis
Bybit