PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1608%/8h= +176.1% APRnext payment +$2.01 per $10,000 · paid last 24h +0.201%

Price spread now: Lighter against gTrade (Gains Network)+0.143%7-day average +0.201% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,627as in the Price arb table

costs, in and out, $10k−$4,62246.215% of the position

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)+0.391%+$39 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.143%, 7d avg +0.201%

Together, before fees+0.350%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.058% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.143% now, against its 7-day average of +0.201%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$48 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.6233	L +0.0032% / S −0.0030%	pay 0.0004% / 1h	57m 36s	$244K	—	150x
Short	Lighter PONS	0.6242	0.1640	get 0.0205% / 1h	57m 36s	$1.7M	$841K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now +0.143%Rate

Funding earned: $337.69
Price spread: +0.143% → +0.201%: −$5.84
Slippage, 4 orders: −$4,609.54
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4,289.69
Costs to cover: 46.215%
Break-even: 95.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 41 min ago; Lighter: 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 gTrade (Gains Network) virtual book (oracle venue), 41 min ago	130.01 bp	2120.0 bp −$2,120	16869.2 bp −$168.7K	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	6.90 bp	15.4 bp −$15	40.0 bp −$400	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
Phemex PONSUSDT	−2.3492%	4h	0.6239	+0.094%	$1.7M	$3.2M	20x	as long as short
gTrade (Gains Network) PONS/USDlong	L +0.0032% / S −0.0030%	1h	0.6233	long leg	$244K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.727%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6278	+0.720%	$23K	$456K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6263	+0.480%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6164	−1.107%	$30K	$299K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6262	+0.472%	$73K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6260	+0.436%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6275	+0.667%	—	$1.2M	10x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6252	+0.311%	$68K	$536K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6253	+0.319%	$390	—	3x	as long as short
Hyperliquid PONS	+0.0288%	1h	0.6238	+0.076%	$63.9M	$30.9M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0396%	4h	0.6234	+0.014%	$14.1M	$61.1M	20x	as long as short
Aster PONSUSDT	+0.0456%	4h	0.6240	+0.103%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0482%	4h	0.6233	+0.005%	$1.6M	$4.1M	20x	as long as short
Variational Omni PONS	+0.0494%	4h	0.6148	−1.371%	$1.6M	$4.3M	—	as long as short
Lighter RH PONS	+0.0576%	1h	0.6239	+0.088%	$431K	$2.6M	3x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6233	0.000%	$105K	$832K	5x	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.6233	−0.002%	$7.9M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0603%	4h	0.6235	+0.029%	$40.5M	$106.0M	20x	as long as short
edgeX PONSUSDC	+0.0603%	4h	0.6164	−1.114%	$20K	$292K	10x	as long as short
SoDEX PONS-USD	+0.0640%	1h	0.6243	+0.167%	$26K	$637K	3x	as long as short
BingX PONS-USDT	+0.0648%	4h	0.6236	+0.046%	—	$3.3M	—	as long as short
Bitget PONSUSDT	+0.0680%	4h	0.6239	+0.091%	$5.0M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0829%	4h	0.6169	−1.029%	$1.8M	$1.1M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6239	+0.094%	$47K	$77K	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6162	−1.141%	$47K	$122K	3x	as long as short
Lighter PONSshort	+0.1640%	1h	0.6242	+0.143%	$1.7M	$841K	3x
Bybit PONSUSDT	+0.2126%	4h	0.6234	+0.014%	$18.8M	$33.4M	20x	as long as short
Gate PONS_USDT	+0.3216%	4h	0.6222	−0.178%	$5.4M	$6.3M	20x	as long as short