PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h +0.114%

Price spread now: Lighter RH against Extended+0.052%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.052%, 7d avg +0.052%

Together, before fees−0.144%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.6072	0.0304	pay 0.0038% / 1h	0m 27s	$252K	$681K	5x
Short	Lighter RH PONS	0.6075	0.0096	get 0.0012% / 1h	0m 27s	$425K	$2.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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 ExtendedbpFee Lighter RHbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$43.68
Price spread: +0.052% → +0.052%: −$0.01
Slippage, 4 orders: −$63.09
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$111.77
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from Extended: live order book, 13 min ago; Lighter RH: live order book, 3 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 Extended live order book, 13 min ago	10.10 bp	26.8 bp −$27	157.6 bp −$1,576	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	5.83 bp	6.7 bp −$7	44.9 bp −$449	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.685%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6065	−0.118%	$240K	—	150x	as long as short
Lighter RH PONSshort	+0.0096%	1h	0.6075	+0.052%	$425K	$2.6M	3x
Popdex PONSUSDT	+0.0096%	1h	0.6071	−0.013%	$20K	$419K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6071	−0.013%	$18.2M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6070	−0.030%	$13.8M	$57.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6074	+0.039%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6100	+0.467%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6078	+0.097%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6082	+0.166%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6077	+0.090%	$28K	$550K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6086	+0.239%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6084	+0.201%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0134%	4h	0.6069	−0.053%	$1.7M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6081	+0.151%	$379	—	3x	as long as short
Aster PONSUSDT	+0.0158%	4h	0.6074	+0.043%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0176%	4h	0.6075	+0.048%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0225%	1h	0.6075	+0.048%	$105K	$116K	5x	as long as short
BingX PONS-USDT	+0.0296%	4h	0.6072	+0.003%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6070	−0.030%	$7.9M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0302%	4h	0.6073	+0.020%	$39.8M	$98.1M	20x	as long as short
Extended PONS-USDlong	+0.0304%	1h	0.6072	long leg	$252K	$681K	5x
edgeX PONSUSDC	+0.0312%	4h	0.6092	+0.334%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0352%	1h	0.6076	+0.069%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0542%	4h	0.6077	+0.085%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0656%	1h	0.6071	−0.015%	$41K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0834%	1h	0.6072	0.000%	$61.8M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6074	+0.036%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	+0.217%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2064%	4h	0.6076	+0.069%	$5.3M	$6.4M	20x	as long as short