Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.117%
Price spread now: Variational Omni against Lighter RH−0.731%7-day average −0.041% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.298%−$30 on $10k
+Price spread, last 7 days+0.736%+$74 · spread now −0.731%, 7d avg −0.041%
=Together, before fees+0.438%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.690% cheaper against Lighter RH than usual: you would sell low and buy high (−$69 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.6133 | 0.0144 | pay 0.0018% / 1h | 14m 08s | $434K | $2.6M | 3x |
| Short | Variational Omni PONS | 0.6089 | 0.0100 | get 0.0050% / 4h | 3h 14m | $1.4M | $4.2M | — |
Lighter RH PONS
Variational Omni PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$9.24
- Price spread: −0.731% → −0.041%
- −$69
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$78.24
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. 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, 4 min ago | 4.92 bp | 7.3 bp −$7 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 5.77 bp | doesn't fit | 35.4 bp −$354 | 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 −0.0033% | 1h | 0.6122 | −0.192% | $242K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.672% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6125 | −0.137% | $20K | $415K | 20x | as long as short |
| Variational Omni PONSshort | +0.0100% | 4h | 0.6089 | −0.731% | $1.4M | $4.2M | — | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6088 | −0.742% | $33K | $356K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6137 | +0.062% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6119 | −0.241% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6133 | −0.011% | $28K | $542K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6128 | −0.088% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6126 | −0.121% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONSlong | +0.0144% | 1h | 0.6133 | long leg | $434K | $2.6M | 3x | |
| Aevo PONS-PERP | +0.0176% | 1h | 0.6130 | −0.062% | $382 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0194% | 4h | 0.6127 | −0.104% | $14.0M | $56.7M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0206% | 4h | 0.6133 | 0.000% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0268% | 4h | 0.6140 | +0.101% | $4.8M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0293% | 4h | 0.6132 | −0.024% | $1.1M | $2.1M | 20x | as long as short |
| edgeX PONSUSDC | +0.0363% | 4h | 0.6098 | −0.582% | $21K | $294K | 10x | as long as short |
| MEXC PONS_USDT | +0.0372% | 4h | 0.6137 | +0.059% | $8.0M | $4.8M | 20x | as long as short |
| Extended PONS-USD | +0.0376% | 1h | 0.6132 | −0.017% | $253K | $678K | 5x | as long as short |
| Binance PONSUSDT | +0.0377% | 4h | 0.6137 | +0.059% | $40.3M | $96.3M | 20x | as long as short |
| Lighter PONS | +0.0472% | 1h | 0.6134 | +0.008% | $1.7M | $937K | 3x | as long as short |
| BingX PONS-USDT | +0.0560% | 4h | 0.6138 | +0.075% | — | $3.1M | — | as long as short |
| Nado PONS-PERP | +0.0605% | 1h | 0.6125 | −0.145% | $106K | $115K | 5x | as long as short |
| BloFin PONS-USDT | +0.0614% | 4h | 0.6108 | −0.414% | $1.8M | $993K | 20x | as long as short |
| Bybit PONSUSDT | +0.0624% | 4h | 0.6128 | −0.088% | $18.4M | $30.9M | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6111 | −0.372% | $48K | $78K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0781% | 1h | 0.6125 | −0.143% | $45K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0875% | 1h | 0.6136 | +0.037% | $62.4M | $29.1M | 3x | as long as short |
| Gate PONS_USDT | +0.0900% | 4h | 0.6122 | −0.186% | $5.3M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6094 | −0.647% | $32K | $113K | 3x | as long as short |
Aevo PONS-PERP
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
edgeX PONSUSDC
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
Lighter PONS
BingX PONS-USDT
Nado PONS-PERP
BloFin PONS-USDT
Bybit PONSUSDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS