PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0656%/8h= −71.8% APRnext payment −$0.82 per $10,000 · paid last 24h −0.289%

Price spread now: Popdex against Lighter+0.067%50s7-day average −0.039% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2252.249% of the position

Long on Lighter Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.745%−$75 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.067%, 7d avg −0.039%

Together, before fees−0.638%+ Points / potential airdropLighter: Season 3 · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.106% dearer against Lighter than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of −0.039%): +$11 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 13 hours. The two prices were read 50 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	0.5949	0.0752	pay 0.0094% / 1h	35m 45s	$1.7M	$992K	3x
Short	Popdex PONSUSDT	0.5953	0.0096	get 0.0012% / 1h	35m 45s	$17K	$438K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$137.76
Price spread: +0.067% → −0.039%: $10.6
Slippage, 4 orders: −$218.51
Fee Lighter: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$352.08
Costs to cover: 2.249%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Popdex: live order book, 48 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, 6 min ago	6.19 bp	6.3 bp −$6	11.6 bp −$116	doesn't fit	doesn't fit
Sell Popdex live order book, 48 min ago	2.80 bp	107.8 bp −$108	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	0.5948	−0.015%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.345%	$614	$10K	5.5x	as long as short
Popdex PONSUSDTshort	+0.0096%	1h	0.5953	+0.067%	$17K	$438K	20x
Bybit PONSUSDT	+0.0100%	4h	0.5942	−0.118%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5944	−0.084%	$13.4M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5949	0.000%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5946	−0.047%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5973	+0.409%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5986	+0.617%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5958	+0.158%	$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	0.5958	+0.155%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5951	+0.030%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5973	+0.402%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5943	−0.101%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5949	−0.008%	$371	—	3x	as long as short
Aster PONSUSDT	+0.0137%	4h	0.5946	−0.053%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5944	−0.084%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0174%	4h	0.5945	−0.061%	$38.7M	$97.7M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5945	−0.063%	$247K	$667K	5x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5942	−0.118%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0199%	4h	0.5981	+0.538%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.5953	+0.067%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0384%	1h	0.5946	−0.045%	$418K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5965	+0.269%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5945	−0.069%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0485%	1h	0.5953	+0.062%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0617%	1h	0.5949	−0.005%	$60.0M	$30.0M	3x	as long as short
Lighter PONSlong	+0.0752%	1h	0.5949	long leg	$1.7M	$992K	3x
Gate PONS_USDT	+0.1356%	4h	0.5943	−0.101%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5976	+0.449%	$30K	$96K	3x	as long as short