PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0734%/8h= −80.4% APRnext payment −$0.92 per $10,000 · paid last 24h −0.205%

Price spread now: Pacifica against Lighter+0.014%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.523%−$52 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.014%, 7d avg −0.053%

Together, before fees−0.452%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.067% dearer against Lighter than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.053%): +$7 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.523% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.5934	0.1208	pay 0.0151% / 1h	56m 56s	$1.7M	$879K	3x
Short	Pacifica PONS	0.5934	0.0474	get 0.0059% / 1h	56m 56s	$47K	$102K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.014%Rate

Funding earned: −$154.17
Price spread: +0.014% → −0.053%: $6.74
Slippage, 4 orders: −$46.52
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$201.95
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 30 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, 5 min ago	4.27 bp	4.7 bp −$5	9.9 bp −$99	doesn't fit	doesn't fit
Sell Pacifica live order book, 30 min ago	9.20 bp	15.2 bp −$15	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 +0.0032% / S −0.0034%	1h	0.5923	−0.179%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	−0.234%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5931	−0.042%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5927	−0.110%	$18.0M	$31.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5929	−0.076%	$13.6M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5928	−0.096%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5933	−0.003%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5963	+0.490%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5963	+0.504%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5934	0.000%	$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	0.5934	+0.013%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5926	−0.131%	$27K	$535K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5934	+0.015%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5925	−0.143%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5930	−0.059%	$369	—	3x	as long as short
Lighter RH PONS	+0.0184%	1h	0.5932	−0.025%	$400K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0188%	4h	0.5928	−0.093%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0190%	4h	0.5926	−0.126%	$7.8M	$5.1M	20x	as long as short
Binance PONSUSDT	+0.0191%	4h	0.5925	−0.136%	$38.6M	$98.4M	20x	as long as short
Extended PONS-USD	+0.0192%	1h	0.5926	−0.123%	$106K	$531K	5x	as long as short
Nado PONS-PERP	+0.0205%	1h	0.5934	+0.010%	$84K	$100K	5x	as long as short
edgeX PONSUSDC	+0.0206%	4h	0.5961	+0.462%	$21K	$292K	10x	as long as short
Gate PONS_USDT	+0.0258%	4h	0.5925	−0.143%	$5.2M	$6.7M	20x	as long as short
Aster PONSUSDT	+0.0264%	4h	0.5927	−0.108%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0327%	1h	0.5930	−0.066%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0431%	4h	0.5934	+0.008%	$1.7M	$988K	20x	as long as short
Pacifica PONSshort	+0.0474%	1h	0.5934	+0.014%	$47K	$102K	3x
Hyperliquid PONS	+0.0707%	1h	0.5931	−0.039%	$59.4M	$29.7M	3x	as long as short
Lighter PONSlong	+0.1208%	1h	0.5934	long leg	$1.7M	$879K	3x
Phoenix PONS	+0.1232%	1h	0.5931	−0.035%	$27K	$86K	3x	as long as short