Funding you earn now, next payment 22:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.211%
Price spread now: Orderly against Lighter RH−0.058%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Orderly is 0.058% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5910 | 0.0640 | pay 0.0080% / 1h | 27m 40s | $395K | $2.6M | 3x |
| Short | Orderly PERP_PONS_USDC_mythos | 0.5907 | 0.0100 | get 0.0050% / 4h | 2h 27m | $2K | $3K | 10x |
Lighter RH PONS
Orderly PERP_PONS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$113.4
- Price spread: −0.058% → 0.000%
- −$5.75
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$125.15
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
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, 5 min ago | 0.85 bp | 10.3 bp −$10 | 46.6 bp −$466 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.5895 | −0.255% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.154% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5907 | −0.059% | $21K | $447K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5905 | −0.093% | $17.7M | $31.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5907 | −0.059% | $13.4M | $56.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5908 | −0.041% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5910 | −0.002% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5903 | −0.123% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5903 | −0.130% | $34K | $332K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythosshort | +0.0100% | 4h | 0.5907 | −0.058% | $2K | $3K | 10x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5908 | −0.039% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5902 | −0.137% | $27K | $549K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5919 | +0.142% | $64K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5901 | −0.161% | $1.7M | $3.3M | 20x | as long as short |
| Nado PONS-PERP | +0.0108% | 1h | 0.5910 | −0.010% | $89K | $103K | 5x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5907 | −0.054% | $368 | — | 3x | as long as short |
| BingX PONS-USDT | +0.0182% | 4h | 0.5906 | −0.076% | — | $3.1M | — | as long as short |
| Extended PONS-USD | +0.0184% | 1h | 0.5908 | −0.039% | $105K | $533K | 5x | as long as short |
| MEXC PONS_USDT | +0.0184% | 4h | 0.5908 | −0.042% | $7.5M | $5.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0184% | 4h | 0.5910 | −0.008% | $38.4M | $98.4M | 20x | as long as short |
| edgeX PONSUSDC | +0.0187% | 4h | 0.5907 | −0.066% | $21K | $294K | 10x | as long as short |
| Aster PONSUSDT | +0.0217% | 4h | 0.5909 | −0.020% | $1.1M | $2.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0337% | 1h | 0.5908 | −0.044% | $38K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0421% | 4h | 0.5912 | +0.025% | $1.7M | $970K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5909 | −0.031% | $47K | $103K | 3x | as long as short |
| Gate PONS_USDT | +0.0498% | 4h | 0.5905 | −0.093% | $5.2M | $6.8M | 20x | as long as short |
| Hyperliquid PONS | +0.0522% | 1h | 0.5908 | −0.039% | $59.1M | $30.1M | 3x | as long as short |
| Lighter RH PONSlong | +0.0640% | 1h | 0.5910 | long leg | $395K | $2.6M | 3x | |
| Lighter PONS | +0.1120% | 1h | 0.5913 | +0.047% | $1.7M | $882K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5899 | −0.195% | $27K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Nado PONS-PERP
Aevo PONS-PERP
BingX PONS-USDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Aster PONSUSDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Gate PONS_USDT
Hyperliquid PONS
Lighter PONS
Phoenix PONS