PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0411%/8h= −45.0% APRnext payment −$0.51 per $10,000 · paid last 24h +0.046%

Price spread now: Lighter RH against Pacifica−0.040%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Lighter RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter RH is 0.040% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.6007	0.0859	pay 0.0107% / 1h	1m 26s	$47K	$67K	3x
Short	Lighter RH PONS	0.6005	0.0448	get 0.0056% / 1h	1m 26s	$411K	$2.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Pacifica. 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 PacificabpFee Lighter RHbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$86.37
Price spread: −0.040% → 0.000%: −$3.96
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$98.33
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Lighter RH: live order book, 2 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 Pacifica no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 2 min ago	3.58 bp	8.5 bp −$8	48.5 bp −$485	doesn't fit	doesn't fit

Pacifica: 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 +0.0033% / S −0.0032%	1h	0.5998	−0.150%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.631%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6009	+0.027%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6025	+0.300%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6010	+0.042%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6003	−0.073%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6006	−0.026%	$26K	$538K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6014	+0.102%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6015	+0.127%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6008	+0.010%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0283%	4h	0.6009	+0.034%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0298%	1h	0.6004	−0.056%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0319%	4h	0.6008	+0.010%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0376%	1h	0.6005	−0.040%	$1.6M	$897K	3x	as long as short
Lighter RH PONSshort	+0.0448%	1h	0.6005	−0.040%	$411K	$2.6M	3x
Aster PONSUSDT	+0.0452%	4h	0.6009	+0.033%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0492%	4h	0.6013	+0.095%	$4.6M	$11.5M	20x	as long as short
Gate PONS_USDT	+0.0496%	4h	0.6000	−0.123%	$5.2M	$6.4M	20x	as long as short
Bybit PONSUSDT	+0.0507%	4h	0.6008	+0.010%	$17.9M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6010	+0.044%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0600%	1h	0.6005	−0.045%	$108K	$813K	5x	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.6011	+0.060%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0602%	4h	0.6007	−0.008%	$39.3M	$95.3M	20x	as long as short
edgeX PONSUSDC	+0.0606%	4h	0.6012	+0.070%	$18K	$293K	10x	as long as short
KuCoin PONSUSDTM	+0.0698%	4h	0.6008	+0.012%	$1.6M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0820%	1h	0.6011	+0.064%	$61.4M	$28.4M	3x	as long as short
BloFin PONS-USDT	+0.0843%	4h	0.6010	+0.044%	$1.8M	$958K	20x	as long as short
Pacifica PONSlong	+0.0859%	1h	0.6007	long leg	$47K	$67K	3x
Polymarket Perps PONS-USD	+0.0862%	1h	0.6012	+0.072%	$71K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6006	−0.018%	$35K	$104K	3x	as long as short