PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0343%/8h= +37.6% APRnext payment +$0.43 per $10,000 · paid last 24h +0.308%

Price spread now: Lighter against Injective+2.065%96s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 2.065% dearer against Injective than usual: you sell high and buy low: +$207 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5969	−0.0047	get 0.0006% / 1h	57m 35s	$614	$10K	5.5x
Short	Lighter PONS	0.6093	0.0296	get 0.0037% / 1h	57m 35s	$1.7M	$921K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now +2.065%Rate

Funding earned: $72.06
Price spread: +2.065% → 0.000%: $206.55
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $278.59
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	5.24 bp	10.7 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong	−0.0047%	1h	0.5969	long leg	$614	$10K	5.5x
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6082	+1.884%	$229K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6092	+2.052%	$21K	$450K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6090	+2.024%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6088	+1.985%	$18.4M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6089	+2.002%	$13.8M	$57.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6087	+1.967%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6093	+2.072%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6050	+1.357%	$35K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6099	+2.168%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6099	+2.174%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6088	+1.988%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6096	+2.114%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6084	+1.918%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0102%	4h	0.6094	+2.084%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	0.6091	+2.035%	$379	—	3x	as long as short
Aster PONSUSDT	+0.0181%	4h	0.6091	+2.033%	$1.1M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0184%	1h	0.6092	+2.050%	$430K	$2.6M	3x	as long as short
Extended PONS-USD	+0.0248%	1h	0.6090	+2.023%	$253K	$680K	5x	as long as short
Binance PONSUSDT	+0.0249%	4h	0.6091	+2.044%	$39.7M	$98.7M	20x	as long as short
MEXC PONS_USDT	+0.0250%	4h	0.6092	+2.052%	$8.1M	$4.8M	20x	as long as short
BingX PONS-USDT	+0.0252%	4h	0.6088	+1.985%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0258%	4h	0.6096	+2.118%	$21K	$292K	10x	as long as short
Lighter PONSshort	+0.0296%	1h	0.6093	+2.065%	$1.7M	$921K	3x
BloFin PONS-USDT	+0.0491%	4h	0.6097	+2.136%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0533%	1h	0.6096	+2.124%	$40K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0720%	1h	0.6094	+2.082%	$61.8M	$30.6M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6091	+2.034%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6074	+1.744%	$31K	$95K	3x	as long as short
Gate PONS_USDT	+0.1772%	4h	0.6091	+2.035%	$5.3M	$6.2M	20x	as long as short