PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h +0.098%

Price spread now: Lighter RH against Aevo+0.082%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Lighter RH is 0.082% dearer against Aevo than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.5923	0.0216	pay 0.0027% / 1h	45m 08s	$369	—	3x
Short	Lighter RH PONS	0.5928	0.0096	get 0.0012% / 1h	45m 08s	$407K	$2.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aevo. 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 AevobpFee Lighter RHbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$25.2
Price spread: +0.082% → 0.000%: $8.21
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$32.99
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Lighter RH: live order book, 3 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 3 min ago	4.91 bp	8.8 bp −$9	43.1 bp −$431	doesn't fit	doesn't fit

Aevo: 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	0.5916	−0.122%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.784%	$614	$10K	5.5x	as long as short
Lighter RH PONSshort	+0.0096%	1h	0.5928	+0.082%	$407K	$2.6M	3x
Popdex PONSUSDT	+0.0096%	1h	0.5914	−0.153%	$21K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5926	+0.042%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5916	−0.116%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5902	−0.355%	$29K	$320K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5911	−0.203%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5928	+0.092%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5923	+0.003%	$64K	$525K	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	0.5925	+0.033%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERPlong	+0.0216%	1h	0.5923	long leg	$369	—	3x
Gate PONS_USDT	+0.0280%	4h	0.5925	+0.033%	$5.3M	$6.3M	20x	as long as short
Hyperliquid PONS	+0.0308%	1h	0.5933	+0.168%	$60.2M	$29.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0422%	4h	0.5929	+0.101%	$13.4M	$56.0M	20x	as long as short
Aster PONSUSDT	+0.0463%	4h	0.5921	−0.039%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0466%	1h	0.5923	+0.001%	$91K	$1.9M	3x	as long as short
Extended PONS-USD	+0.0544%	1h	0.5926	+0.057%	$101K	$811K	5x	as long as short
Binance PONSUSDT	+0.0547%	4h	0.5932	+0.151%	$37.3M	$98.6M	20x	as long as short
MEXC PONS_USDT	+0.0552%	4h	0.5932	+0.151%	$7.6M	$4.7M	20x	as long as short
Pacifica PONS	+0.0556%	1h	0.5909	−0.234%	$45K	$68K	3x	as long as short
edgeX PONSUSDC	+0.0571%	4h	0.5908	−0.252%	$20K	$296K	10x	as long as short
Variational Omni PONS	+0.0631%	4h	0.5904	−0.314%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0650%	4h	0.5928	+0.084%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0662%	4h	0.5936	+0.219%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0787%	4h	0.5921	−0.034%	$1.7M	$958K	20x	as long as short
BingX PONS-USDT	+0.0806%	4h	0.5929	+0.101%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0806%	4h	0.5928	+0.084%	$17.6M	$31.5M	20x	as long as short
Lighter PONS	+0.0816%	1h	0.5928	+0.077%	$1.6M	$828K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5910	−0.225%	$45K	$127K	3x	as long as short