PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0300%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.224%

Price spread now: gTrade (Gains Network) against Lighter RH−0.205%7-day average −0.176% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$4,611as in the Price arb table

costs, in and out, $10k−$4,60846.077% of the position

Long on Lighter RH Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.246%−$25 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now −0.205%, 7d avg −0.176%

Together, before fees−0.163%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and gTrade (Gains Network) is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.176%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PONS	0.6123	0.0336	pay 0.0042% / 1h	47m 21s	$431K	$2.6M	3x
Short	gTrade (Gains Network) PONS/USD	0.6110	L +0.0033% / S −0.0036%	get 0.0005% / 1h	47m 21s	$230K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter RH. 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 Lighter RHbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.205%Rate

Funding earned: −$62.96
Price spread: −0.205% → −0.176%: −$2.85
Slippage, 4 orders: −$4,595.73
Fee Lighter RH: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,673.54
Costs to cover: 46.077%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 32 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 RH live order book, 1 min ago	5.12 bp	10.8 bp −$11	33.9 bp −$339	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 32 min ago	130.01 bp	2470.8 bp −$2,471	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.505%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USDshort	L +0.0033% / S −0.0036%	1h	0.6110	−0.205%	$230K	—	150x
Popdex PONSUSDT	+0.0096%	1h	0.6131	+0.132%	$20K	$460K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6129	+0.104%	$87K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6114	−0.145%	$18.5M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6116	−0.113%	$14.0M	$58.5M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6139	+0.259%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6159	+0.585%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6127	+0.059%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6138	+0.253%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6120	−0.039%	$28K	$551K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6137	+0.232%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6117	−0.096%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0110%	4h	0.6121	−0.036%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0118%	4h	0.6121	−0.038%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6126	+0.050%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0211%	4h	0.6140	+0.279%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0300%	4h	0.6123	+0.002%	$8.1M	$4.8M	20x	as long as short
BingX PONS-USDT	+0.0302%	4h	0.6115	−0.129%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0304%	4h	0.6128	+0.076%	$40.0M	$99.3M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6124	+0.025%	$254K	$682K	5x	as long as short
edgeX PONSUSDC	+0.0305%	4h	0.6150	+0.447%	$21K	$294K	10x	as long as short
Lighter RH PONSlong	+0.0336%	1h	0.6123	long leg	$431K	$2.6M	3x
Lighter PONS	+0.0392%	1h	0.6125	+0.028%	$1.7M	$921K	3x	as long as short
BloFin PONS-USDT	+0.0544%	4h	0.6126	+0.051%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0682%	1h	0.6129	+0.091%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6144	+0.348%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0978%	1h	0.6126	+0.042%	$62.2M	$30.8M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6150	+0.451%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2072%	4h	0.6113	−0.162%	$5.3M	$6.2M	20x	as long as short