PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0790%/8h= +86.5% APRnext payment +$0.99 per $10,000 · paid last 24h +0.111%

Price spread now: Phoenix against Lighter+0.114%104s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+1.124%+$112 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Phoenix is 0.114% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.5983	0.0608	pay 0.0076% / 1h	11m 47s	$1.7M	$1.0M	3x
Short	Phoenix PONS	0.5990	0.1398	get 0.0175% / 1h	11m 47s	$30K	$96K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.114%Rate

Funding earned: $165.93
Price spread: +0.114% → 0.000%: $11.37
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $170.3
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Lighter: live order book, 5 min ago; Phoenix: 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, 5 min ago	3.43 bp	3.9 bp −$4	10.9 bp −$109	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 +0.0033% / S −0.0036%	1h	0.5973	−0.171%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.227%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5984	+0.015%	$21K	$439K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5979	−0.069%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5978	−0.085%	$13.5M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5982	−0.012%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5982	−0.018%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5983	+0.003%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5997	+0.224%	$35K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5986	+0.043%	$3K	$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	0.5990	+0.120%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5979	−0.062%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5989	+0.105%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5980	−0.052%	$1.7M	$3.3M	20x	as long as short
Aster PONSUSDT	+0.0124%	4h	0.5981	−0.039%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5984	+0.007%	$373	—	3x	as long as short
Binance PONSUSDT	+0.0181%	4h	0.5981	−0.042%	$38.9M	$97.7M	20x	as long as short
MEXC PONS_USDT	+0.0182%	4h	0.5981	−0.035%	$7.7M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5979	−0.071%	$248K	$667K	5x	as long as short
BingX PONS-USDT	+0.0184%	4h	0.5980	−0.052%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0198%	4h	0.5990	+0.115%	$21K	$294K	10x	as long as short
Nado PONS-PERP	+0.0215%	1h	0.5982	−0.018%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0272%	1h	0.5982	−0.022%	$422K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0423%	4h	0.5988	+0.082%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5980	−0.046%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0481%	1h	0.5986	+0.043%	$37K	$1.7M	3x	as long as short
Lighter PONSlong	+0.0608%	1h	0.5983	long leg	$1.7M	$1.0M	3x
Hyperliquid PONS	+0.0683%	1h	0.5984	+0.007%	$60.5M	$30.2M	3x	as long as short
Phoenix PONSshort	+0.1398%	1h	0.5990	+0.114%	$30K	$96K	3x
Gate PONS_USDT	+0.1478%	4h	0.5977	−0.102%	$5.2M	$6.5M	20x	as long as short