data as of
Settings8H · net · $10k
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Funding arb /

PONS

all PONS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 20:00 UTC+0.0260%/8h
next payment, per $10,000+$0.32paid, last 24h+0.091%paid, last 7 days+0.443%to open and closeno order book
Long on HyperliquidShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid PONS0.58430.0100pay 0.0013% / 1h57m 38s$58.1M$29.9M3x
ShortLighter PONS0.58500.0360get 0.0045% / 1h57m 38s$1.7M$867K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$54.6
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
$45.6
Break-even
1.2 days
Slippage unknown: Hyperliquid: live order book, 7 min ago; Lighter: live order book, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.127%
Avg gap 7d
+0.002%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 7 min ago0.77 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago2.72 bp6.8 bp −$712.2 bp −$122doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PONS_USDT−0.0028%4h$5.2M$7.1M20xas long as short
Injective PONS/USDC PERP−0.0008%1h$603$6K5.5xas long as short
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0032%1h$211K—150xas long as short
Lighter RH PONS+0.0096%1h$416K$2.3M3xas long as short
Popdex PONSUSDT+0.0096%1h$20K$497K20xas long as short
Nado PONS-PERP+0.0100%1h$72K$95K5xas long as short
Hyperliquid PONSlong+0.0100%1h$58.1M$29.9M3x
Bybit PONSUSDT+0.0100%4h$17.2M$31.2M20xas long as short
KuCoin PONSUSDTM+0.0100%4h$1.7M$3.5M20xas long as short
Variational Omni PONS+0.0100%4h$1.2M$4.1M—as long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni PONSUSDT+0.0100%1h$34K$315K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h$27K$533K3xas long as short
HTX PONS-USDT+0.0100%4h$63K$503K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.7M$3.3M20xas long as short
Aster PONSUSDT+0.0113%4h$1.1M$2.1M20xas long as short
Bitget PONSUSDT+0.0140%4h$4.6M$11.5M20xas long as short
Aevo PONS-PERP+0.0144%1h$364—3xas long as short
Pacifica PONS+0.0150%1h$46K$115K3xas long as short
OKX PONS-USDT-SWAP+0.0170%4h$13.0M$55.4M20xas long as short
Binance PONSUSDT+0.0237%4h$37.8M$99.2M20xas long as short
Extended PONS-USD+0.0240%1h$87K$535K5xas long as short
MEXC PONS_USDT+0.0240%4h$7.1M$5.2M20xas long as short
BingX PONS-USDT+0.0252%4h—$3.2M—as long as short
edgeX PONSUSDC+0.0268%4h$20K$294K10xas long as short
Lighter PONSshort+0.0360%1h$1.7M$867K3x
BloFin PONS-USDT+0.0487%4h$1.7M$965K20xas long as short
Polymarket Perps PONS-USD+0.0570%1h$53K$1.8M3xas long as short
Phoenix PONS+0.1299%1h$27K$70K3xas long as short