PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0380%/8h= −41.6% APRnext payment −$0.48 per $10,000 · paid last 24h −0.087%

Price spread now: SoDEX against Lighter RH+0.095%7-day average −0.023% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1381.376% of the position

Long on Lighter RH Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.427%−$43 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.095%, 7d avg −0.023%

Together, before fees−0.311%+ Points / potential airdropLighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.118% dearer against Lighter RH than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.023%): +$12 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PONS	0.6293	0.0480	pay 0.0060% / 1h	48m 50s	$457K	$2.6M	3x
Short	SoDEX PONS-USD	0.6299	0.0100	get 0.0013% / 1h	48m 50s	$27K	$595K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$79.8
Price spread: +0.095% → −0.023%: $11.79
Slippage, 4 orders: −$129.57
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$205.58
Costs to cover: 1.376%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; SoDEX: live order book, 58 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, 2 min ago	2.06 bp	2.8 bp −$3	17.8 bp −$178	doesn't fit	doesn't fit
Sell SoDEX live order book, 58 min ago	0.79 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit

PONS on 30 exchanges

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 +0.0031% / S −0.0029%	1h	0.6283	−0.164%	$247K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.632%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6301	+0.129%	$21K	$396K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6295	+0.026%	$77K	$92K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6319	+0.421%	$32K	$285K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6293	+0.010%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6299	+0.092%	—	$827K	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.6299	+0.095%	$27K	$595K	3x
HTX PONS-USDT	+0.0100%	4h	0.6312	+0.307%	$65K	$549K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6292	−0.014%	$1.7M	$3.2M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0216%	1h	0.6254	−0.616%	$390	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0257%	4h	0.6309	+0.256%	$14.0M	$59.3M	20x	as long as short
Hyperliquid PONS	+0.0409%	1h	0.6298	+0.084%	$64.4M	$29.4M	3x	as long as short
Aster PONSUSDT	+0.0412%	4h	0.6298	+0.073%	$1.2M	$2.1M	20x	as long as short
Lighter RH PONSlong	+0.0480%	1h	0.6293	long leg	$457K	$2.6M	3x
KuCoin PONSUSDTM	+0.0502%	4h	0.6305	+0.192%	$1.8M	$4.3M	20x	as long as short
Pacifica PONS	+0.0517%	1h	0.6294	+0.017%	$46K	$73K	3x	as long as short
Gate PONS_USDT	+0.0544%	4h	0.6300	+0.113%	$5.4M	$6.5M	20x	as long as short
MEXC PONS_USDT	+0.0550%	4h	0.6304	+0.176%	$7.7M	$4.5M	20x	as long as short
Binance PONSUSDT	+0.0550%	4h	0.6304	+0.174%	$40.6M	$98.2M	20x	as long as short
Extended PONS-USD	+0.0552%	1h	0.6303	+0.161%	$181K	$849K	5x	as long as short
edgeX PONSUSDC	+0.0564%	4h	0.6317	+0.378%	$18K	$295K	10x	as long as short
Variational Omni PONS	+0.0573%	4h	0.6319	+0.412%	$1.5M	$3.8M	—	as long as short
Polymarket Perps PONS-USD	+0.0577%	1h	0.6298	+0.073%	$103K	$2.0M	3x	as long as short
Bitget PONSUSDT	+0.0680%	4h	0.6309	+0.249%	$5.0M	$13.1M	20x	as long as short
BingX PONS-USDT	+0.0712%	4h	0.6300	+0.113%	—	$3.1M	—	as long as short
Lighter PONS	+0.0728%	1h	0.6295	+0.030%	$1.7M	$848K	3x	as long as short
Bybit PONSUSDT	+0.0736%	4h	0.6305	+0.192%	$18.9M	$31.4M	20x	as long as short
BloFin PONS-USDT	+0.0790%	4h	0.6295	+0.033%	$1.8M	$1.1M	20x	as long as short
Phoenix PONS	+0.1439%	1h	0.6328	+0.551%	$48K	$153K	3x	as long as short