Funding you earn now, next payment 09:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.115%
Price spread now: Lighter RH against HTX+0.198%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$3463.463% of the position
Funding, last 7 days+0.445%+$45 on $10k
+Price spread, last 4 days (all we have)−0.663%−$66 · spread now +0.198%, 7d avg −0.023%
=Together, before fees−0.218%+ Points / potential airdropLighter RH: Points live · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter RH is 0.221% dearer against HTX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PONS-USDT | 0.6278 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $66K | $528K | 20x |
| Short | Lighter RH PONS | 0.6290 | 0.0376 | get 0.0047% / 1h | 22m 20s | $425K | $2.7M | 3x |
HTX PONS-USDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against HTX. 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
- $57.96
- Price spread: +0.198% → −0.023%
- $22.06
- Slippage, 4 orders
- −$334.32
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$266.3
- Costs to cover
- 3.463%
- Break-even
- 39.2 days
Slippage from HTX: live order book, 11 min ago; Lighter RH: live order book, 1 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 HTX live order book, 11 min ago | 32.92 bp | 140.9 bp −$141 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 4.69 bp | 5.4 bp −$5 | 28.7 bp −$287 | 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 −0.0030% | 1h | 0.6270 | −0.129% | $245K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | −5.408% | $610 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6313 | +0.558% | $23K | $437K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6310 | +0.510% | $73K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6217 | −0.976% | $31K | $290K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0100% | 1h | 0.6297 | +0.295% | $74K | $2.2M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6321 | +0.685% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6314 | +0.575% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6310 | +0.502% | $27K | $628K | 3x | as long as short |
| HTX PONS-USDTlong | +0.0100% | 4h | 0.6278 | long leg | $66K | $528K | 20x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Polymarket Perps PONS-USD
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6304 | +0.414% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6313 | +0.559% | $393 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0319% | 1h | 0.6311 | +0.524% | $64.6M | $30.5M | 3x | as long as short |
| Lighter RH PONSshort | +0.0376% | 1h | 0.6290 | +0.198% | $425K | $2.7M | 3x | |
| OKX PONS-USDT-SWAP | +0.0442% | 4h | 0.6313 | +0.558% | $14.4M | $61.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0454% | 4h | 0.6311 | +0.530% | $1.1M | $2.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0488% | 4h | 0.6311 | +0.522% | $1.7M | $4.1M | 20x | as long as short |
| Lighter PONS | +0.0528% | 1h | 0.6292 | +0.225% | $1.8M | $870K | 3x | as long as short |
| Variational Omni PONS | +0.0562% | 4h | 0.6214 | −1.015% | $1.6M | $4.5M | — | as long as short |
| edgeX PONSUSDC | +0.0662% | 4h | 0.6252 | −0.407% | $21K | $291K | 10x | as long as short |
| MEXC PONS_USDT | +0.0664% | 4h | 0.6313 | +0.558% | $8.1M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0677% | 4h | 0.6318 | +0.640% | $41.5M | $104.1M | 20x | as long as short |
| Extended PONS-USD | +0.0680% | 1h | 0.6314 | +0.580% | $106K | $819K | 5x | as long as short |
| Bitget PONSUSDT | +0.0732% | 4h | 0.6316 | +0.604% | $5.1M | $13.3M | 20x | as long as short |
| Pacifica PONS | +0.0853% | 1h | 0.6297 | +0.299% | $47K | $78K | 3x | as long as short |
| BloFin PONS-USDT | +0.0905% | 4h | 0.6280 | +0.032% | $1.8M | $1.1M | 20x | as long as short |
| BingX PONS-USDT | +0.0944% | 4h | 0.6312 | +0.542% | — | $3.2M | — | as long as short |
| Bybit PONSUSDT | +0.1073% | 4h | 0.6317 | +0.621% | $19.1M | $33.4M | 20x | as long as short |
| Gate PONS_USDT | +0.1620% | 4h | 0.6294 | +0.255% | $5.5M | $6.4M | 20x | as long as short |
| Phoenix PONS | +0.1714% | 1h | 0.6229 | −0.788% | $47K | $159K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
KuCoin PONSUSDTM
Lighter PONS
Variational Omni PONS
edgeX PONSUSDC
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
Bitget PONSUSDT
Pacifica PONS
BloFin PONS-USDT
BingX PONS-USDT
Bybit PONSUSDT
Gate PONS_USDT
Phoenix PONS