Funding you earn now, next payment 07:00 UTC+0.0648%/8h= +71.0% APRnext payment +$0.81 per $10,000 · paid last 24h +0.059%
Price spread now: Lighter against Lighter RH+0.008%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Funding, last 7 days+0.495%+$49 on $10k
+Price spread, last 7 days−0.128%−$13 · spread now +0.008%, 7d avg +0.017%
=Together, before fees+0.367%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5927 | 0.0096 | pay 0.0012% / 1h | 33m 44s | $417K | $2.6M | 3x |
| Short | Lighter PONS | 0.5927 | 0.0744 | get 0.0093% / 1h | 33m 44s | $1.6M | $830K | 3x |
Lighter RH PONS
Lighter PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $136.08
- Price spread: +0.008% → +0.017%
- −$0.9
- Slippage, 4 orders
- −$33.48
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $101.7
- Costs to cover
- 0.335%
- Break-even
- 1.8 days
Slippage from Lighter RH: live order book, 4 min ago; Lighter: live order book, 3 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, 4 min ago | 5.16 bp | 8.9 bp −$9 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 4.56 bp | 9.7 bp −$10 | 19.5 bp −$195 | 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 +0.0033% / S −0.0032% | 1h | 0.5912 | −0.258% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.717% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSlong | +0.0096% | 1h | 0.5927 | long leg | $417K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5923 | −0.067% | $22K | $421K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5927 | +0.003% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5922 | −0.089% | $69K | $131K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5903 | −0.412% | $29K | $316K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5921 | −0.106% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5919 | −0.133% | $26K | $586K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5926 | −0.013% | $65K | $525K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5921 | −0.101% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0208% | 1h | 0.5922 | −0.084% | $369 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0218% | 1h | 0.5926 | −0.017% | $60.2M | $29.5M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0399% | 4h | 0.5932 | +0.084% | $13.4M | $56.0M | 20x | as long as short |
| Gate PONS_USDT | +0.0406% | 4h | 0.5921 | −0.101% | $5.3M | $6.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0441% | 1h | 0.5918 | −0.155% | $94K | $1.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0462% | 4h | 0.5926 | −0.025% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0526% | 4h | 0.5929 | +0.034% | $7.5M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0527% | 4h | 0.5929 | +0.032% | $37.3M | $98.6M | 20x | as long as short |
| Extended PONS-USD | +0.0528% | 1h | 0.5928 | +0.013% | $101K | $811K | 5x | as long as short |
| edgeX PONSUSDC | +0.0536% | 4h | 0.5909 | −0.303% | $20K | $292K | 10x | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5927 | +0.002% | $45K | $68K | 3x | as long as short |
| Variational Omni PONS | +0.0595% | 4h | 0.5908 | −0.313% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0638% | 4h | 0.5928 | +0.024% | $1.6M | $3.8M | 20x | as long as short |
| Bitget PONSUSDT | +0.0676% | 4h | 0.5933 | +0.101% | $4.7M | $12.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0724% | 4h | 0.5932 | +0.084% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0744% | 4h | 0.5927 | 0.000% | $17.6M | $31.4M | 20x | as long as short |
| Lighter PONSshort | +0.0744% | 1h | 0.5927 | +0.008% | $1.6M | $830K | 3x | |
| BloFin PONS-USDT | +0.0761% | 4h | 0.5931 | +0.067% | $1.7M | $955K | 20x | as long as short |
| Phoenix PONS | +0.1472% | 1h | 0.5909 | −0.307% | $45K | $127K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Gate PONS_USDT
Polymarket Perps PONS-USD
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Pacifica PONS
Variational Omni PONS
KuCoin PONSUSDTM
Bitget PONSUSDT
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Phoenix PONS