PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0328%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h +0.075%

Price spread now: Lighter RH against Extended+0.055%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.055%, 7d avg +0.052%

Together, before fees−0.078%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 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	Extended PONS-USD	0.5943	0.0472	pay 0.0059% / 1h	30m 53s	$246K	$670K	5x
Short	Lighter RH PONS	0.5947	0.0144	get 0.0018% / 1h	30m 53s	$415K	$2.5M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Extended. 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 ExtendedbpFee Lighter RHbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$68.88
Price spread: +0.055% → +0.052%: $0.36
Slippage, 4 orders: −$59.21
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$132.72
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from Extended: live order book, 32 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 Extended live order book, 32 min ago	10.07 bp	24.0 bp −$24	190.3 bp −$1,903	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	4.37 bp	9.6 bp −$10	60.5 bp −$605	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 +0.0033% / S −0.0033%	1h	0.5934	−0.152%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.440%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5947	+0.062%	$16K	$429K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5958	+0.240%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5946	+0.048%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5944	+0.003%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5950	+0.117%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5936	−0.128%	$63K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5942	−0.022%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0142%	4h	0.5942	−0.026%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONSshort	+0.0144%	1h	0.5947	+0.055%	$415K	$2.5M	3x
Lighter PONS	+0.0176%	1h	0.5945	+0.032%	$1.6M	$875K	3x	as long as short
Gate PONS_USDT	+0.0182%	4h	0.5945	+0.028%	$5.2M	$6.2M	20x	as long as short
Nado PONS-PERP	+0.0190%	1h	0.5943	−0.008%	$70K	$129K	5x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5941	−0.038%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0289%	4h	0.5942	−0.022%	$13.6M	$53.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0388%	4h	0.5945	+0.033%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0390%	4h	0.5947	+0.059%	$4.6M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0396%	4h	0.5944	+0.008%	$1.1M	$2.1M	20x	as long as short
Extended PONS-USDlong	+0.0472%	1h	0.5943	long leg	$246K	$670K	5x
MEXC PONS_USDT	+0.0472%	4h	0.5944	+0.011%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0473%	4h	0.5943	−0.005%	$38.9M	$93.9M	20x	as long as short
BingX PONS-USDT	+0.0478%	4h	0.5943	−0.005%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0491%	4h	0.5956	+0.221%	$18K	$293K	10x	as long as short
Bybit PONSUSDT	+0.0501%	4h	0.5941	−0.039%	$17.8M	$30.4M	20x	as long as short
Hyperliquid PONS	+0.0675%	1h	0.5954	+0.186%	$60.7M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0713%	4h	0.5948	+0.079%	$1.7M	$947K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5936	−0.127%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0807%	1h	0.5944	+0.018%	$48K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5952	+0.146%	$31K	$98K	3x	as long as short