Funding you earn now, next payment 22:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.211%
Price spread now: Lighter RH against Phemex+0.224%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1151.152% of the position
Funding, last 7 days+0.435%+$44 on $10k
+Price spread, last 3 days (all we have)−0.372%−$37 · spread now +0.224%, 7d avg +0.024%
=Together, before fees+0.063%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Lighter RH is 0.200% dearer against Phemex than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.5888 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $1.6M | $3.3M | 20x |
| Short | Lighter RH PONS | 0.5901 | 0.0608 | get 0.0076% / 1h | 22m 39s | $405K | $2.6M | 3x |
Phemex PONSUSDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phemex. 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
- $106.68
- Price spread: +0.224% → +0.024%
- $20.01
- Slippage, 4 orders
- −$103.18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $11.51
- Costs to cover
- 1.152%
- Break-even
- 6.2 days
Slippage from Phemex: live order book, 6 min ago; Lighter RH: live order book, 5 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 Phemex live order book, 6 min ago | 2.55 bp | 60.3 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 5.33 bp | 8.6 bp −$9 | 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 +0.0032% / S −0.0034% | 1h | 0.5892 | +0.073% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.537% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5905 | +0.289% | $21K | $446K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5904 | +0.273% | $89K | $103K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5903 | +0.255% | $17.6M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5903 | +0.255% | $13.4M | $56.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5896 | +0.132% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5903 | +0.248% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5909 | +0.353% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5907 | +0.318% | $34K | $332K | 5x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5904 | +0.275% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5901 | +0.226% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5897 | +0.153% | $27K | $549K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5899 | +0.183% | $64K | $504K | 20x | as long as short |
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.5888 | long leg | $1.6M | $3.3M | 20x | |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5899 | +0.195% | $368 | — | 3x | as long as short |
| Binance PONSUSDT | +0.0178% | 4h | 0.5903 | +0.261% | $38.4M | $98.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.0180% | 4h | 0.5898 | +0.170% | $7.5M | $5.2M | 20x | as long as short |
| Extended PONS-USD | +0.0184% | 1h | 0.5896 | +0.144% | $106K | $533K | 5x | as long as short |
| BingX PONS-USDT | +0.0184% | 4h | 0.5902 | +0.238% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0199% | 4h | 0.5907 | +0.331% | $21K | $292K | 10x | as long as short |
| Aster PONSUSDT | +0.0199% | 4h | 0.5895 | +0.124% | $1.1M | $2.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0352% | 1h | 0.5899 | +0.192% | $38K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0421% | 4h | 0.5901 | +0.221% | $1.7M | $965K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5899 | +0.186% | $47K | $103K | 3x | as long as short |
| Hyperliquid PONS | +0.0496% | 1h | 0.5899 | +0.180% | $59.0M | $30.0M | 3x | as long as short |
| Lighter RH PONSshort | +0.0608% | 1h | 0.5901 | +0.224% | $405K | $2.6M | 3x | |
| Gate PONS_USDT | +0.0634% | 4h | 0.5896 | +0.136% | $5.1M | $6.8M | 20x | as long as short |
| Lighter PONS | +0.1032% | 1h | 0.5902 | +0.239% | $1.7M | $883K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5904 | +0.272% | $28K | $86K | 3x | as long as short |
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Aevo PONS-PERP
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
BingX PONS-USDT
edgeX PONSUSDC
Aster PONSUSDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Gate PONS_USDT
Lighter PONS
Phoenix PONS