Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.170%
Price spread now: Lighter RH against ApeX Omni−0.016%78s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days+0.441%+$44 on $10k
+Price spread, last 4 days (all we have)−0.379%−$38 · spread now −0.016%, 7d avg −0.074%
=Together, before fees+0.062%+ 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 +$2 a day on $10k at the current rate, and Lighter RH is 0.058% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.074%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PONSUSDT | 0.6067 | 0.0100 | pay 0.0013% / 1h | 17m 57s | $33K | $354K | 5x |
| Short | Lighter RH PONS | 0.6066 | 0.0176 | get 0.0022% / 1h | 17m 57s | $426K | $2.5M | 3x |
ApeX Omni PONSUSDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against ApeX Omni. 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
- $15.96
- Price spread: −0.016% → −0.074%
- $5.79
- Slippage, 4 orders
- −$92.05
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$80.3
- Costs to cover
- 1.021%
- Break-even
- 42.2 days
Slippage from ApeX Omni: live order book, 49 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 ApeX Omni live order book, 49 min ago | 28.39 bp | 36.2 bp −$36 | 131.2 bp −$1,312 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 3.87 bp | 7.1 bp −$7 | 68.4 bp −$684 | doesn't fit | doesn't fit |
PONS on 29 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 | 0.6061 | −0.093% | $240K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.607% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6069 | +0.033% | $20K | $423K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6066 | −0.010% | $1.4M | $4.0M | — | as long as short |
| ApeX Omni PONSUSDTlong | +0.0100% | 1h | 0.6067 | long leg | $33K | $354K | 5x | |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6071 | +0.063% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6058 | −0.157% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6067 | −0.002% | $26K | $524K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6081 | +0.224% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6058 | −0.148% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONSshort | +0.0176% | 1h | 0.6066 | −0.016% | $426K | $2.5M | 3x | |
| Aevo PONS-PERP | +0.0184% | 1h | 0.6069 | +0.041% | $378 | — | 3x | as long as short |
| Nado PONS-PERP | +0.0207% | 1h | 0.6072 | +0.082% | $71K | $131K | 5x | as long as short |
| KuCoin PONSUSDTM | +0.0236% | 4h | 0.6061 | −0.105% | $1.7M | $3.6M | 20x | as long as short |
| Lighter PONS | +0.0240% | 1h | 0.6063 | −0.068% | $1.7M | $885K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0249% | 4h | 0.6049 | −0.297% | $13.9M | $55.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0322% | 4h | 0.6054 | −0.219% | $4.7M | $11.3M | 20x | as long as short |
| Bybit PONSUSDT | +0.0327% | 4h | 0.6046 | −0.346% | $18.1M | $30.5M | 20x | as long as short |
| BingX PONS-USDT | +0.0398% | 4h | 0.6054 | −0.214% | — | $3.0M | — | as long as short |
| Aster PONSUSDT | +0.0398% | 4h | 0.6066 | −0.013% | $1.1M | $2.0M | 20x | as long as short |
| MEXC PONS_USDT | +0.0420% | 4h | 0.6062 | −0.082% | $7.8M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0420% | 4h | 0.6068 | +0.011% | $21K | $292K | 10x | as long as short |
| Binance PONSUSDT | +0.0421% | 4h | 0.6053 | −0.225% | $39.7M | $94.7M | 20x | as long as short |
| Extended PONS-USD | +0.0424% | 1h | 0.6053 | −0.224% | $250K | $672K | 5x | as long as short |
| Gate PONS_USDT | +0.0632% | 4h | 0.6052 | −0.247% | $5.3M | $6.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0680% | 1h | 0.6055 | −0.204% | $61.7M | $28.0M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0751% | 1h | 0.6070 | +0.045% | $46K | $1.5M | 3x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.6064 | −0.049% | $48K | $75K | 3x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6073 | +0.099% | $31K | $107K | 3x | as long as short |
Aevo PONS-PERP
Nado PONS-PERP
KuCoin PONSUSDTM
Lighter PONS
OKX PONS-USDT-SWAP
Bitget PONSUSDT
Bybit PONSUSDT
BingX PONS-USDT
Aster PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Binance PONSUSDT
Extended PONS-USD
Gate PONS_USDT
Hyperliquid PONS
Polymarket Perps PONS-USD
Pacifica PONS
Phoenix PONS