Funding you earn now, next payment 23:00 UTC+0.0684%/8h= +74.9% APRpaid last 24h +0.169%
Price spread now: Lighter against Bitget+0.029%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days+0.517%+$52 on $10k
+Price spread, last 7 days+0.095%+$10 · spread now +0.029%, 7d avg +0.015%
=Together, before fees+0.612%+ Points / potential airdropLighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.5913 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $4.6M | $11.7M | 20x |
| Short | Lighter PONS | 0.5914 | 0.0784 | get 0.0098% / 1h | 51m 33s | $1.7M | $982K | 3x |
Bitget PONSUSDT
Lighter PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $143.64
- Price spread: +0.029% → +0.015%
- $1.41
- Slippage, 4 orders
- −$40.18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $92.87
- Costs to cover
- 0.522%
- Break-even
- 2.5 days
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 5 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 Bitget live order book, 2 min ago | 0.93 bp | 12.3 bp −$12 | 60.7 bp −$607 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 4.56 bp | 10.8 bp −$11 | 20.6 bp −$206 | 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 +0.0032% / S −0.0034% | 1h | 0.5902 | −0.180% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5920 | +0.117% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5911 | −0.029% | $21K | $441K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5907 | −0.096% | $17.6M | $31.7M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5908 | −0.079% | $13.4M | $55.9M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5907 | −0.100% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDTlong | +0.0100% | 4h | 0.5913 | long leg | $4.6M | $11.7M | 20x | |
| Variational Omni PONS | +0.0100% | 4h | 0.5914 | +0.030% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5929 | +0.284% | $34K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5914 | +0.017% | $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
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 | 0.5913 | +0.003% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5907 | −0.088% | $27K | $544K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5912 | −0.014% | $63K | $505K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5906 | −0.113% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5908 | −0.071% | $368 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0137% | 4h | 0.5908 | −0.076% | $1.1M | $2.2M | 20x | as long as short |
| Nado PONS-PERP | +0.0156% | 1h | 0.5909 | −0.061% | $89K | $103K | 5x | as long as short |
| Binance PONSUSDT | +0.0165% | 4h | 0.5909 | −0.063% | $38.4M | $97.8M | 20x | as long as short |
| MEXC PONS_USDT | +0.0172% | 4h | 0.5909 | −0.063% | $7.5M | $4.9M | 20x | as long as short |
| BingX PONS-USDT | +0.0174% | 4h | 0.5908 | −0.079% | — | $3.1M | — | as long as short |
| Extended PONS-USD | +0.0176% | 1h | 0.5909 | −0.069% | $106K | $523K | 5x | as long as short |
| edgeX PONSUSDC | +0.0192% | 4h | 0.5904 | −0.150% | $21K | $293K | 10x | as long as short |
| Lighter RH PONS | +0.0296% | 1h | 0.5912 | −0.017% | $421K | $2.6M | 3x | as long as short |
| BloFin PONS-USDT | +0.0412% | 4h | 0.5905 | −0.130% | $1.7M | $973K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5909 | −0.069% | $47K | $103K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0455% | 1h | 0.5914 | +0.024% | $37K | $1.8M | 3x | as long as short |
| Hyperliquid PONS | +0.0579% | 1h | 0.5915 | +0.036% | $59.5M | $29.9M | 3x | as long as short |
| Lighter PONSshort | +0.0784% | 1h | 0.5914 | +0.029% | $1.7M | $982K | 3x | |
| Gate PONS_USDT | +0.1020% | 4h | 0.5907 | −0.096% | $5.2M | $6.4M | 20x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5917 | +0.064% | $30K | $96K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
Nado PONS-PERP
Binance PONSUSDT
MEXC PONS_USDT
BingX PONS-USDT
Extended PONS-USD
edgeX PONSUSDC
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS