Funding you earn now, next payment 06:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h −0.134%
Price spread now: Aster against Lighter−0.115%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days−0.786%−$79 on $10k
+Price spread, last 7 days+0.005%+$1 · spread now −0.115%, 7d avg −0.067%
=Together, before fees−0.781%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$78 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aster is 0.048% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.5905 | 0.0632 | pay 0.0079% / 1h | 40m 38s | $1.6M | $886K | 3x |
| Short | Aster PONSUSDT | 0.5898 | 0.0478 | get 0.0239% / 4h | 2h 40m | $1.1M | $2.2M | 20x |
Lighter PONS
Aster PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. 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
- −$32.33
- Price spread: −0.115% → −0.067%
- −$4.76
- Slippage, 4 orders
- −$24.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$69.36
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Aster: live order book, 3 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, 6 min ago | 3.79 bp | 4.6 bp −$5 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 3.46 bp | 10.1 bp −$10 | 33.8 bp −$338 | 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 −0.0032% | 1h | 0.5906 | +0.011% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.092% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5903 | −0.034% | $417K | $2.5M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5896 | −0.152% | $21K | $418K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5898 | −0.110% | $69K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5914 | +0.146% | $34K | $335K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5922 | +0.286% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5918 | +0.222% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5915 | +0.164% | $25K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5944 | +0.664% | $64K | $512K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5915 | +0.169% | $1.6M | $3.2M | 20x | as long as short |
| Gate PONS_USDT | +0.0134% | 4h | 0.5901 | −0.068% | $5.2M | $6.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5907 | +0.037% | $368 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0254% | 1h | 0.5903 | −0.029% | $59.8M | $29.0M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0359% | 4h | 0.5894 | −0.186% | $13.4M | $54.5M | 20x | as long as short |
| Aster PONSUSDTshort | +0.0478% | 4h | 0.5898 | −0.115% | $1.1M | $2.2M | 20x | |
| Variational Omni PONS | +0.0551% | 4h | 0.5915 | +0.171% | $1.4M | $4.1M | — | as long as short |
| Bitget PONSUSDT | +0.0556% | 4h | 0.5895 | −0.171% | $4.7M | $11.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0603% | 4h | 0.5896 | −0.151% | $38.6M | $94.7M | 20x | as long as short |
| Extended PONS-USD | +0.0608% | 1h | 0.5898 | −0.123% | $106K | $807K | 5x | as long as short |
| MEXC PONS_USDT | +0.0608% | 4h | 0.5898 | −0.119% | $7.5M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0627% | 4h | 0.5923 | +0.309% | $20K | $294K | 10x | as long as short |
| Lighter PONSlong | +0.0632% | 1h | 0.5905 | long leg | $1.6M | $886K | 3x | |
| Pacifica PONS | +0.0715% | 1h | 0.5899 | −0.106% | $46K | $68K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0730% | 4h | 0.5895 | −0.178% | $1.6M | $3.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0791% | 1h | 0.5918 | +0.220% | $87K | $1.7M | 3x | as long as short |
| Bybit PONSUSDT | +0.0805% | 4h | 0.5892 | −0.220% | $17.6M | $31.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0808% | 4h | 0.5897 | −0.135% | — | $3.0M | — | as long as short |
| BloFin PONS-USDT | +0.0848% | 4h | 0.5919 | +0.237% | $1.7M | $943K | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5922 | +0.281% | $45K | $121K | 3x | as long as short |
Phemex PONSUSDT
Gate PONS_USDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Variational Omni PONS
Bitget PONSUSDT
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
Pacifica PONS
KuCoin PONSUSDTM
Polymarket Perps PONS-USD
Bybit PONSUSDT
BingX PONS-USDT
BloFin PONS-USDT
Phoenix PONS