Funding you earn now, next payment 01:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.170%
Price spread now: edgeX against Lighter−0.474%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days−0.435%−$43 on $10k
+Price spread, last 3 days (all we have)+0.627%+$63 · spread now −0.474%, 7d avg −0.060%
=Together, before fees+0.193%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.414% cheaper against Lighter than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.6136 | 0.0496 | pay 0.0062% / 1h | 13m 01s | $1.7M | $939K | 3x |
| Short | edgeX PONSUSDC | 0.6107 | 0.0381 | get 0.0190% / 4h | 3h 13m | $21K | $294K | 10x |
Lighter PONS
edgeX PONSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$24.23
- Price spread: −0.474% → −0.060%
- −$41.42
- Slippage, 4 orders
- −$49.09
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$123.73
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; edgeX: 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, 3 min ago | 4.43 bp | 5.5 bp −$6 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 60 min ago | 11.48 bp | 20.0 bp −$20 | doesn't fit | 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 | 0.6129 | −0.111% | $243K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.707% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6136 | +0.007% | $21K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6089 | −0.767% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6098 | −0.606% | $33K | $356K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6146 | +0.168% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6133 | −0.049% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6139 | +0.055% | $27K | $543K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6146 | +0.161% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6138 | +0.039% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0160% | 1h | 0.6138 | +0.039% | $434K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0176% | 1h | 0.6141 | +0.096% | $383 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0199% | 4h | 0.6134 | −0.026% | $14.0M | $56.8M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0208% | 4h | 0.6137 | +0.018% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0272% | 4h | 0.6140 | +0.075% | $4.8M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0307% | 4h | 0.6132 | −0.051% | $1.1M | $2.1M | 20x | as long as short |
| Extended PONS-USD | +0.0376% | 1h | 0.6138 | +0.033% | $253K | $678K | 5x | as long as short |
| MEXC PONS_USDT | +0.0376% | 4h | 0.6141 | +0.088% | $8.0M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.0377% | 4h | 0.6139 | +0.055% | $40.3M | $96.3M | 20x | as long as short |
| edgeX PONSUSDCshort | +0.0381% | 4h | 0.6107 | −0.474% | $21K | $294K | 10x | |
| Lighter PONSlong | +0.0496% | 1h | 0.6136 | long leg | $1.7M | $939K | 3x | |
| BingX PONS-USDT | +0.0560% | 4h | 0.6140 | +0.072% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.0599% | 4h | 0.6134 | −0.026% | $18.4M | $30.8M | 20x | as long as short |
| Nado PONS-PERP | +0.0604% | 1h | 0.6130 | −0.084% | $106K | $115K | 5x | as long as short |
| BloFin PONS-USDT | +0.0617% | 4h | 0.6132 | −0.059% | $1.8M | $997K | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6131 | −0.073% | $48K | $78K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0786% | 1h | 0.6134 | −0.021% | $45K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0874% | 1h | 0.6139 | +0.064% | $62.4M | $29.1M | 3x | as long as short |
| Gate PONS_USDT | +0.0974% | 4h | 0.6125 | −0.173% | $5.4M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6094 | −0.683% | $32K | $113K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
BingX PONS-USDT
Bybit PONSUSDT
Nado PONS-PERP
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS