PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h +0.207%

Price spread now: Lighter RH against Injective+2.695%7-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 RH

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 RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 2.695% dearer against Injective than usual: you sell high and buy low: +$270 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5969	0.0033	pay 0.0004% / 1h	12m 41s	$614	$10K	5.5x
Short	Lighter RH PONS	0.6130	0.0160	get 0.0020% / 1h	12m 41s	$434K	$2.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +2.695%Rate

Funding earned: $26.6
Price spread: +2.695% → 0.000%: $269.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $296.12
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter RH: live order book, 5 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 RH live order book, 5 min ago	4.92 bp	8.7 bp −$9	60.0 bp −$600	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
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6129	+2.668%	$243K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	0.5969	long leg	$614	$10K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.6134	+2.756%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6089	+1.994%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6098	+2.159%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6146	+2.955%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6133	+2.732%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6139	+2.839%	$27K	$543K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6146	+2.948%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6138	+2.823%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONSshort	+0.0160%	1h	0.6130	+2.695%	$434K	$2.6M	3x
Aevo PONS-PERP	+0.0176%	1h	0.6141	+2.881%	$383	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0199%	4h	0.6132	+2.722%	$14.0M	$56.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0204%	4h	0.6134	+2.751%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0274%	4h	0.6134	+2.762%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0326%	4h	0.6135	+2.777%	$1.1M	$2.1M	20x	as long as short
Extended PONS-USD	+0.0376%	1h	0.6134	+2.749%	$253K	$678K	5x	as long as short
MEXC PONS_USDT	+0.0376%	4h	0.6134	+2.756%	$8.0M	$4.9M	20x	as long as short
edgeX PONSUSDC	+0.0381%	4h	0.6107	+2.295%	$21K	$294K	10x	as long as short
Binance PONSUSDT	+0.0391%	4h	0.6136	+2.781%	$40.4M	$96.3M	20x	as long as short
Lighter PONS	+0.0496%	1h	0.6131	+2.699%	$1.7M	$940K	3x	as long as short
BingX PONS-USDT	+0.0586%	4h	0.6136	+2.789%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0599%	4h	0.6130	+2.689%	$18.4M	$30.9M	20x	as long as short
Nado PONS-PERP	+0.0604%	1h	0.6130	+2.696%	$106K	$115K	5x	as long as short
BloFin PONS-USDT	+0.0617%	4h	0.6132	+2.722%	$1.8M	$997K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6130	+2.694%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0786%	1h	0.6134	+2.761%	$45K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0873%	1h	0.6133	+2.744%	$62.4M	$29.1M	3x	as long as short
Gate PONS_USDT	+0.1022%	4h	0.6124	+2.588%	$5.4M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6094	+2.081%	$32K	$113K	3x	as long as short