PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0492%/8h= +53.9% APRnext payment +$0.61 per $10,000 · paid last 24h +0.115%

Price spread now: Lighter RH against SoDEX−0.155%7-day average +0.023% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1471.468% of the position

Long on SoDEX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.413%+$41 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now −0.155%, 7d avg +0.023%

Together, before fees+0.095%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.178% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of +0.023%). If the spread goes back, that is −$18 on $10k: about 29 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.6402	0.0100	pay 0.0013% / 1h	0m 54s	$27K	$627K	3x
Short	Lighter RH PONS	0.6392	0.0592	get 0.0074% / 1h	0m 54s	$433K	$2.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SoDEX. 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 SoDEXbpFee Lighter RHbpOrdersPrice spread, now −0.155%Rate

Funding earned: $103.32
Price spread: −0.155% → +0.023%: −$17.76
Slippage, 4 orders: −$138.78
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$61.22
Costs to cover: 1.468%
Break-even: 11.1 days

Slippage from SoDEX: live order book, 33 min ago; Lighter RH: 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 SoDEX live order book, 33 min ago	0.81 bp	59.7 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	6.50 bp	10.4 bp −$10	44.4 bp −$444	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 −0.0030%	1h	0.6363	−0.599%	$250K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−7.237%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6382	−0.309%	$21K	$425K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6371	−0.475%	$74K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6385	−0.258%	$32K	$286K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6380	−0.341%	$74K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6387	−0.234%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6379	−0.361%	—	$1.1M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.6402	long leg	$27K	$627K	3x
HTX PONS-USDT	+0.0100%	4h	0.6413	+0.180%	$67K	$529K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6396	−0.091%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0272%	1h	0.6380	−0.346%	$397	—	3x	as long as short
Hyperliquid PONS	+0.0412%	1h	0.6408	+0.092%	$65.7M	$31.0M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0487%	4h	0.6396	−0.091%	$14.8M	$61.6M	20x	as long as short
Aster PONSUSDT	+0.0507%	4h	0.6397	−0.068%	$1.2M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0568%	4h	0.6403	+0.027%	$1.8M	$4.2M	20x	as long as short
Lighter RH PONSshort	+0.0592%	1h	0.6392	−0.155%	$433K	$2.7M	3x
Variational Omni PONS	+0.0702%	4h	0.6380	−0.334%	$1.6M	$4.5M	—	as long as short
Lighter PONS	+0.0712%	1h	0.6392	−0.152%	$1.8M	$881K	3x	as long as short
Binance PONSUSDT	+0.0751%	4h	0.6407	+0.081%	$42.5M	$103.6M	20x	as long as short
edgeX PONSUSDC	+0.0751%	4h	0.6394	−0.121%	$19K	$294K	10x	as long as short
Extended PONS-USD	+0.0752%	1h	0.6402	+0.007%	$108K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0756%	4h	0.6406	+0.066%	$8.1M	$4.9M	20x	as long as short
Bitget PONSUSDT	+0.0778%	4h	0.6405	+0.050%	$5.3M	$13.4M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6375	−0.412%	$48K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0991%	4h	0.6405	+0.050%	$1.9M	$1.1M	20x	as long as short
Bybit PONSUSDT	+0.1183%	4h	0.6399	−0.044%	$19.5M	$33.2M	20x	as long as short
BingX PONS-USDT	+0.1200%	4h	0.6405	+0.050%	—	$3.1M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6377	−0.381%	$49K	$159K	3x	as long as short
Gate PONS_USDT	+0.3152%	4h	0.6391	−0.169%	$5.6M	$6.6M	20x	as long as short