Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5490 | +0.0992 | pay 0.0124% / 1h | 58m 26s | $419K | $1.7M | 3x | Long Lighter RH | |
| SHORT | 0.5492 | +0.1075 | get 0.0134% / 1h | 58m 26s | $85K | $241K | 4x | Short Arcus5% off |
Price gap+0.033%
Funding gap+0.0083% /8h
Funding pays +$2 a day on $10k, but the gap is 0.041% under its 7d average: −$4 if it goes back, about 40 hours of funding. At the last 7 days' pace that is about 9 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$28+0.0083% /8h now · paid +0.281% over the last 3 days (all we have)
Price−$4spread +0.033% now, avg +0.074% → −0.041% if it goes back
Costs−$340.338% of $10k · taker + slippage, in and out
Result−$10−0.10%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.033%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 32 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Large against open interest3.4 / 12.6 bp$10k is over 10% of Arcus’s open interest.
- Note: Margin at max leverage$3,333 + $2,500Lighter RH 3x, Arcus 4x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$2.49Long Lighter RH: 24 payments, −$29.76; short Arcus: 24 payments, +$32.25.
- Watch: Gap narrower than usual+0.033% vs +0.074%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$85K vs $419K OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legLighter RH No · Arcus NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0375%/8h × 21 periods+$78.66
Price spread+0.033% → +0.074% (7d avg)−$4.12
Slippage, 4 orderslive order books−$29.28
Fee Lighter RH bp × 2 orders$0.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$40.77
Costs to cover0.338%Break-even3.4 days
Slippage: Lighter RH: live order book, 1 min ago; Arcus: live order book, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH2.093.4 bp−$355.9 bp−$559doesn’t fitdoesn’t fit
SELL · SHORTArcus8.7012.6 bp−$1325.1 bp−$251doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Kraken Futures
Avantis
Bybit