PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.145%

Price spread now: Lighter RH against gTrade (Gains Network)+0.097%7-day average +0.170% · 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−$4,617as in the Price arb table

costs, in and out, $10k−$4,60946.094% of the position

Long on gTrade (Gains Network)Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.263%+$26 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.097%, 7d avg +0.170%

Together, before fees+0.304%+ Points / potential airdropLighter RH: Points live · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.074% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.097% now, against its 7-day average of +0.170%). If the spread goes back, that is −$7 on $10k: about 3.9 days of funding at the current rate (+$2 a day). At the pace of the last 1 day (+0.263% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5926	L +0.0033% / S −0.0032%	pay 0.0004% / 1h	30m 35s	$235K	—	150x
Short	Lighter RH PONS	0.5932	0.0096	get 0.0012% / 1h	30m 35s	$417K	$2.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.097%Rate

Funding earned: $13.26
Price spread: +0.097% → +0.170%: −$7.36
Slippage, 4 orders: −$4,597.36
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4,603.46
Costs to cover: 46.094%
Break-even: 2437.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 13 min ago; Lighter RH: live order book, 2 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), 13 min ago	130.01 bp	2119.7 bp −$2,120	16868.8 bp −$168.7K	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	4.13 bp	7.0 bp −$7	55.6 bp −$556	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/USDlong	L +0.0033% / S −0.0032%	1h	0.5926	long leg	$235K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.730%	$614	$10K	5.5x	as long as short
Lighter RH PONSshort	+0.0096%	1h	0.5932	+0.097%	$417K	$2.6M	3x
Popdex PONSUSDT	+0.0096%	1h	0.5936	+0.164%	$22K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5938	+0.207%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5930	+0.070%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5929	+0.053%	$29K	$315K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5931	+0.075%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5934	+0.122%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5938	+0.200%	$65K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5927	+0.012%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0200%	1h	0.5935	+0.142%	$60.2M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5934	+0.131%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0401%	4h	0.5936	+0.164%	$13.4M	$56.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0455%	1h	0.5932	+0.092%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0461%	4h	0.5928	+0.037%	$1.1M	$2.2M	20x	as long as short
Gate PONS_USDT	+0.0490%	4h	0.5932	+0.097%	$5.3M	$6.3M	20x	as long as short
Binance PONSUSDT	+0.0518%	4h	0.5936	+0.164%	$37.3M	$98.4M	20x	as long as short
Extended PONS-USD	+0.0520%	1h	0.5934	+0.123%	$101K	$811K	5x	as long as short
MEXC PONS_USDT	+0.0520%	4h	0.5935	+0.147%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0530%	4h	0.5934	+0.131%	$20K	$292K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5933	+0.110%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0575%	4h	0.5930	+0.071%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0624%	4h	0.5937	+0.173%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0678%	4h	0.5937	+0.180%	$4.7M	$12.2M	20x	as long as short
Bybit PONSUSDT	+0.0705%	4h	0.5935	+0.147%	$17.6M	$31.4M	20x	as long as short
BingX PONS-USDT	+0.0706%	4h	0.5932	+0.097%	—	$3.0M	—	as long as short
BloFin PONS-USDT	+0.0761%	4h	0.5929	+0.046%	$1.6M	$945K	20x	as long as short
Lighter PONS	+0.0776%	1h	0.5936	+0.164%	$1.7M	$830K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5924	−0.045%	$45K	$127K	3x	as long as short