PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1094%/8h= −119.8% APRnext payment −$1.37 per $10,000 · paid last 24h −0.308%

Price spread now: gTrade (Gains Network) against Lighter−0.330%7-day average −0.205% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,623as in the Price arb table

costs, in and out, $10k−$4,61146.106% of the position

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.323%−$32 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.330%, 7d avg −0.205%

Together, before fees−0.269%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and gTrade (Gains Network) is 0.125% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.205%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.5915	0.1128	pay 0.0141% / 1h	28m 30s	$1.7M	$882K	3x
Short	gTrade (Gains Network) PONS/USD	0.5895	L +0.0032% / S −0.0034%	get 0.0004% / 1h	28m 30s	$216K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.330%Rate

Funding earned: −$229.75
Price spread: −0.330% → −0.205%: −$12.47
Slippage, 4 orders: −$4,598.62
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,852.84
Costs to cover: 46.106%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 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	5.41 bp	9.1 bp −$9	14.3 bp −$143	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 60 min ago	130.01 bp	2471.0 bp −$2,471	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/USDshort	L +0.0032% / S −0.0034%	1h	0.5895	−0.330%	$216K	—	150x
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.079%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5907	−0.134%	$21K	$447K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5907	−0.134%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5903	−0.201%	$13.5M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5907	−0.130%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5906	−0.150%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5903	−0.197%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5903	−0.205%	$34K	$332K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5914	−0.017%	$2K	$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	0.5909	−0.101%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5907	−0.125%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5915	0.000%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5901	−0.235%	$1.7M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0108%	1h	0.5910	−0.084%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5907	−0.135%	$368	—	3x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5906	−0.150%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5898	−0.286%	—	$3.1M	—	as long as short
Extended PONS-USD	+0.0184%	1h	0.5908	−0.111%	$105K	$533K	5x	as long as short
Binance PONSUSDT	+0.0185%	4h	0.5900	−0.244%	$38.3M	$98.4M	20x	as long as short
edgeX PONSUSDC	+0.0187%	4h	0.5907	−0.140%	$21K	$294K	10x	as long as short
Aster PONSUSDT	+0.0215%	4h	0.5904	−0.179%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0337%	1h	0.5908	−0.118%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5912	−0.049%	$1.7M	$970K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5910	−0.083%	$47K	$103K	3x	as long as short
Gate PONS_USDT	+0.0498%	4h	0.5905	−0.167%	$5.2M	$6.8M	20x	as long as short
Hyperliquid PONS	+0.0526%	1h	0.5906	−0.159%	$59.0M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0616%	1h	0.5911	−0.073%	$395K	$2.6M	3x	as long as short
Lighter PONSlong	+0.1128%	1h	0.5915	long leg	$1.7M	$882K	3x
Phoenix PONS	+0.1275%	1h	0.5899	−0.269%	$27K	$86K	3x	as long as short