PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0783%/8h= −85.7% APRnext payment −$0.98 per $10,000 · paid last 24h −0.308%

Price spread now: Injective against Lighter+0.140%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Injective

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: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.140% dearer against Lighter than usual: you sell high and buy low (spread +0.140% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.5911	0.0816	pay 0.0102% / 1h	52m 31s	$1.7M	$981K	3x
Short	Injective PONS/USDC PERP	0.5920	0.0033	get 0.0004% / 1h	52m 31s	$609	$6K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.140%Rate

Funding earned: −$164.36
Price spread: +0.140% → 0.000%: $14.04
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$150.34
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Injective: no order-book sample. 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 Lighter live order book, 4 min ago	4.56 bp	9.7 bp −$10	15.1 bp −$151	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 +0.0032% / S −0.0034%	1h	0.5899	−0.206%	$216K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5920	+0.140%	$609	$6K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.5913	+0.029%	$21K	$441K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5912	+0.012%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5913	+0.029%	$13.4M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5911	+0.003%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5913	+0.027%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5914	+0.054%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5929	+0.308%	$34K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5911	−0.005%	$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	0.5910	−0.024%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5904	−0.132%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5914	+0.039%	$63K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5904	−0.123%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5904	−0.120%	$368	—	3x	as long as short
Aster PONSUSDT	+0.0147%	4h	0.5910	−0.018%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0156%	1h	0.5909	−0.037%	$89K	$103K	5x	as long as short
MEXC PONS_USDT	+0.0172%	4h	0.5909	−0.039%	$7.5M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0172%	4h	0.5911	−0.005%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0172%	4h	0.5909	−0.038%	$38.4M	$98.0M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5909	−0.037%	$106K	$528K	5x	as long as short
edgeX PONSUSDC	+0.0183%	4h	0.5927	+0.273%	$21K	$292K	10x	as long as short
Lighter RH PONS	+0.0312%	1h	0.5909	−0.042%	$420K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0412%	4h	0.5905	−0.107%	$1.7M	$973K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5911	−0.004%	$47K	$103K	3x	as long as short
Polymarket Perps PONS-USD	+0.0469%	1h	0.5914	+0.042%	$37K	$1.8M	3x	as long as short
Hyperliquid PONS	+0.0577%	1h	0.5909	−0.044%	$59.4M	$29.9M	3x	as long as short
Lighter PONSlong	+0.0816%	1h	0.5911	long leg	$1.7M	$981K	3x
Gate PONS_USDT	+0.1020%	4h	0.5906	−0.090%	$5.2M	$6.4M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5917	+0.088%	$30K	$96K	3x	as long as short