PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0396%/8h= −43.4% APRnext payment −$0.50 per $10,000 · paid last 24h −0.259%

Price spread now: ApeX Omni against Lighter−0.525%48s7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1421.419% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.914%−$91 on $10k

Price spread, last 3 days (all we have)+0.711%+$71 · spread now −0.525%, 7d avg +0.044%

Together, before fees−0.203%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and ApeX Omni is 0.570% cheaper against Lighter than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of +0.044%). Swap the legs. The two prices were read 48 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	Lighter PONS	0.6131	0.0496	pay 0.0062% / 1h	12m 22s	$1.7M	$940K	3x
Short	ApeX Omni PONSUSDT	0.6098	0.0100	get 0.0013% / 1h	12m 22s	$33K	$356K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.525%Rate

Funding earned: −$83.16
Price spread: −0.525% → +0.044%: −$56.96
Slippage, 4 orders: −$131.88
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$282
Costs to cover: 1.419%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; ApeX Omni: live order book, 60 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 Lighter live order book, 4 min ago	4.43 bp	5.5 bp −$6	30.4 bp −$304	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	46.45 bp	64.9 bp −$65	153.7 bp −$1,537	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 +0.0033% / S −0.0033%	1h	0.6117	−0.228%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.628%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6134	+0.055%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6089	−0.686%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDTshort	+0.0100%	1h	0.6098	−0.525%	$33K	$356K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6146	+0.250%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6133	+0.033%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6139	+0.137%	$27K	$543K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6146	+0.243%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6138	+0.121%	$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 PONS	+0.0160%	1h	0.6130	−0.003%	$434K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6141	+0.178%	$383	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0199%	4h	0.6128	−0.042%	$14.1M	$56.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0204%	4h	0.6130	−0.007%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0274%	4h	0.6131	+0.003%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0326%	4h	0.6135	+0.077%	$1.1M	$2.1M	20x	as long as short
Extended PONS-USD	+0.0376%	1h	0.6134	+0.049%	$253K	$678K	5x	as long as short
MEXC PONS_USDT	+0.0376%	4h	0.6132	+0.023%	$8.0M	$4.9M	20x	as long as short
edgeX PONSUSDC	+0.0381%	4h	0.6107	−0.393%	$21K	$294K	10x	as long as short
Binance PONSUSDT	+0.0391%	4h	0.6135	+0.072%	$40.4M	$96.2M	20x	as long as short
Lighter PONSlong	+0.0496%	1h	0.6131	long leg	$1.7M	$940K	3x
Bybit PONSUSDT	+0.0560%	4h	0.6130	−0.010%	$18.4M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0573%	4h	0.6131	+0.007%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0606%	1h	0.6133	+0.039%	$106K	$115K	5x	as long as short
BloFin PONS-USDT	+0.0617%	4h	0.6132	+0.023%	$1.8M	$997K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6130	−0.004%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0792%	1h	0.6131	+0.010%	$45K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0870%	1h	0.6131	+0.010%	$62.4M	$29.1M	3x	as long as short
Gate PONS_USDT	+0.1022%	4h	0.6124	−0.108%	$5.4M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6094	−0.602%	$32K	$113K	3x	as long as short