Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5195 | +0.0096 | pay 0.0012% / 1h | 38m 16s | $411K | $2.1M | 3x | Long Lighter RH | |
| SHORT | 0.5188 | +0.1256 | get 0.0157% / 1h | 38m 16s | $49K | $512K | 20x | Short Kraken Futures |
Price gap−0.140%
Funding gap+0.1160% /8h
Funding pays +$35 a day on $10k, but the gap is 0.167% under its 7d average: −$17 if it goes back, about 12 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$185+0.1160% /8h now · paid +1.848% over the last 5 days (all we have)
Price−$17spread −0.140% now, avg +0.028% → −0.167% if it goes back
Costs−$620.616% of $10k · taker + slippage, in and out
Result+$106+1.06%+ 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−0.140%
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
2 ok · 4 to watch- Watch: Thin at this size2.2 / 23.6 bpAt $10k entering Kraken Futures costs 23.6 bp, fee and slippage, 10.6× Lighter RH’s.
- Note: Margin at max leverage$3,333 + $500Lighter RH 3x, Kraken Futures 20x. 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: +$34.80Long Lighter RH: 24 payments, −$2.88; short Kraken Futures: 24 payments, +$37.68.
- Watch: Gap narrower than usual−0.140% vs +0.028%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$49K vs $411K OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points liveVolume here counts toward the points program.
- Watch: KYCLighter RH No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.1152%/8h × 21 periods+$241.91
Price spread−0.140% → +0.028% (7d avg)−$16.71
Slippage, 4 orderslive order books−$51.62
Fee Lighter RH bp × 2 orders$0.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k+$163.58
Costs to cover0.616%Break-even2.3 days
Slippage: Lighter RH: live order book, 1 min ago; Kraken Futures: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH0.862.2 bp−$263.6 bp−$636doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures7.6823.6 bp−$24doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($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)
Arcus
Avantis
Bybit