Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter RH against Gate−0.014%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$710.705% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 7 days+0.158%+$16 · spread now −0.014%, 7d avg +0.037%
=Together, before fees+0.016%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.051% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PONS_USDT | 0.5906 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $5.2M | $6.2M | 20x |
| Short | Lighter RH PONS | 0.5905 | 0.0096 | get 0.0012% / 1h | 28m 35s | $412K | $2.6M | 3x |
Gate PONS_USDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Gate. 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
- −$0.84
- Price spread: −0.014% → +0.037%
- −$5.09
- Slippage, 4 orders
- −$55.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$76.45
- Costs to cover
- 0.705%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Lighter RH: live order book, 4 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 Gate live order book, 5 min ago | 1.70 bp | 21.8 bp −$22 | 173.5 bp −$1,735 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 4.68 bp | 9.3 bp −$9 | 59.1 bp −$591 | 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 −0.0032% | 1h | 0.5900 | −0.109% | $234K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.075% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSshort | +0.0096% | 1h | 0.5905 | −0.014% | $412K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5912 | +0.102% | $21K | $418K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5902 | −0.074% | $69K | $130K | 5x | as long as short |
| Gate PONS_USDTlong | +0.0100% | 4h | 0.5906 | long leg | $5.2M | $6.2M | 20x | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5873 | −0.552% | $29K | $332K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5909 | +0.056% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5905 | −0.014% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5912 | +0.098% | $25K | $546K | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5909 | +0.044% | $64K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5916 | +0.169% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5902 | −0.064% | $368 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0237% | 1h | 0.5909 | +0.052% | $60.2M | $29.2M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0378% | 4h | 0.5908 | +0.034% | $13.4M | $54.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0478% | 4h | 0.5909 | +0.056% | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONS | +0.0536% | 1h | 0.5910 | +0.073% | $1.6M | $887K | 3x | as long as short |
| Bitget PONSUSDT | +0.0576% | 4h | 0.5910 | +0.076% | $4.6M | $11.9M | 20x | as long as short |
| Variational Omni PONS | +0.0594% | 4h | 0.5889 | −0.295% | $1.4M | $4.1M | — | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.5908 | +0.040% | $101K | $812K | 5x | as long as short |
| MEXC PONS_USDT | +0.0602% | 4h | 0.5910 | +0.068% | $7.4M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0610% | 4h | 0.5910 | +0.068% | $38.5M | $94.9M | 20x | as long as short |
| edgeX PONSUSDC | +0.0621% | 4h | 0.5885 | −0.362% | $20K | $296K | 10x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5909 | +0.059% | $45K | $69K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0734% | 4h | 0.5913 | +0.119% | $1.6M | $3.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0811% | 1h | 0.5909 | +0.044% | $110K | $1.7M | 3x | as long as short |
| BingX PONS-USDT | +0.0826% | 4h | 0.5912 | +0.102% | — | $3.0M | — | as long as short |
| BloFin PONS-USDT | +0.0843% | 4h | 0.5905 | −0.017% | $1.7M | $942K | 20x | as long as short |
| Bybit PONSUSDT | +0.0878% | 4h | 0.5907 | +0.017% | $17.7M | $31.1M | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5935 | +0.498% | $45K | $121K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Lighter PONS
Bitget PONSUSDT
Variational Omni PONS
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Pacifica PONS
KuCoin PONSUSDTM
Polymarket Perps PONS-USD
BingX PONS-USDT
BloFin PONS-USDT
Bybit PONSUSDT
Phoenix PONS