Funding you earn now, next payment 05:00 UTC−0.0588%/8h= −64.4% APRpaid last 24h −0.141%
Price spread now: Phemex against Lighter RH−0.015%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$980.979% of the position
Funding, last 7 days−0.431%−$43 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.015%, 7d avg −0.021%
=Together, before fees−0.268%+ Points / potential airdropLighter RH: Points live · farm board−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$18 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 | 0.6022 | 0.0688 | pay 0.0086% / 1h | 51m 40s | $419K | $2.5M | 3x |
| Short | Phemex PONSUSDT | 0.6021 | 0.0100 | get 0.0050% / 4h | 3h 51m | $1.7M | $3.2M | 20x |
Lighter RH PONS
Phemex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$123.48
- Price spread: −0.015% → −0.021%
- $0.56
- Slippage, 4 orders
- −$85.92
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$220.84
- Costs to cover
- 0.979%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 1 min ago; Phemex: live order book, 2 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 | 3.82 bp | 7.9 bp −$8 | 35.0 bp −$350 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 3.31 bp | 42.0 bp −$42 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0032% | 1h | 0.6025 | +0.059% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.870% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6038 | +0.267% | $21K | $435K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6036 | +0.234% | $71K | $129K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6037 | +0.246% | $35K | $345K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6031 | +0.158% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6035 | +0.221% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6023 | +0.018% | $26K | $538K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6018 | −0.058% | $65K | $513K | 20x | as long as short |
| Phemex PONSUSDTshort | +0.0100% | 4h | 0.6021 | −0.015% | $1.7M | $3.2M | 20x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
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 | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +0.0232% | 1h | 0.6025 | +0.058% | $375 | — | 3x | as long as short |
| Variational Omni PONS | +0.0298% | 4h | 0.6012 | −0.165% | $1.4M | $3.9M | — | as long as short |
| OKX PONS-USDT-SWAP | +0.0337% | 4h | 0.6020 | −0.032% | $13.7M | $55.5M | 20x | as long as short |
| Aster PONSUSDT | +0.0484% | 4h | 0.6024 | +0.033% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0506% | 4h | 0.6023 | +0.012% | $4.6M | $11.6M | 20x | as long as short |
| Lighter PONS | +0.0568% | 1h | 0.6022 | +0.005% | $1.7M | $891K | 3x | as long as short |
| BingX PONS-USDT | +0.0572% | 4h | 0.6024 | +0.035% | — | $3.0M | — | as long as short |
| edgeX PONSUSDC | +0.0607% | 4h | 0.6042 | +0.338% | $18K | $292K | 10x | as long as short |
| MEXC PONS_USDT | +0.0612% | 4h | 0.6023 | +0.018% | $7.6M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0616% | 1h | 0.6017 | −0.074% | $108K | $813K | 5x | as long as short |
| Binance PONSUSDT | +0.0621% | 4h | 0.6023 | +0.018% | $39.4M | $95.4M | 20x | as long as short |
| Lighter RH PONSlong | +0.0688% | 1h | 0.6022 | long leg | $419K | $2.5M | 3x | |
| Hyperliquid PONS | +0.0692% | 1h | 0.6020 | −0.023% | $61.6M | $28.4M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0702% | 4h | 0.6022 | 0.000% | $1.6M | $3.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0847% | 1h | 0.6036 | +0.241% | $73K | $1.6M | 3x | as long as short |
| BloFin PONS-USDT | +0.0854% | 4h | 0.6052 | +0.500% | $1.8M | $964K | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.6021 | −0.013% | $47K | $67K | 3x | as long as short |
| Bybit PONSUSDT | +0.1085% | 4h | 0.6021 | −0.015% | $18.0M | $30.9M | 20x | as long as short |
| Gate PONS_USDT | +0.1108% | 4h | 0.6020 | −0.032% | $5.3M | $6.1M | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.6036 | +0.226% | $40K | $109K | 3x | as long as short |
Aevo PONS-PERP
Variational Omni PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Bitget PONSUSDT
Lighter PONS
BingX PONS-USDT
edgeX PONSUSDC
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
Hyperliquid PONS
KuCoin PONSUSDTM
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Gate PONS_USDT
Phoenix PONS