PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0551%/8h= +60.3% APRnext payment +$0.69 per $10,000 · paid last 24h +0.193%

Price spread now: Lighter against Injective+6.849%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 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: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter is 6.849% dearer against Injective than usual: you sell high and buy low: +$685 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5938	0.0033	pay 0.0004% / 1h	52m 26s	$610	$10K	5.5x
Short	Lighter PONS	0.6345	0.0584	get 0.0073% / 1h	52m 26s	$1.8M	$852K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now +6.849%Rate

Funding earned: $115.64
Price spread: +6.849% → 0.000%: $684.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $800.47
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Lighter: live order book, 2 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 Injective no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	3.55 bp	10.9 bp −$11	15.7 bp −$157	doesn't fit	doesn't fit

Injective: 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 exchanges

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 +0.0032% / S −0.0030%	1h	0.6333	+6.641%	$249K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	0.5938	long leg	$610	$10K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.6337	+6.710%	$23K	$405K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6335	+6.677%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6344	+6.837%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6344	+6.828%	—	$887K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6341	+6.774%	$27K	$636K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6360	+7.104%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6340	+6.761%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0130%	1h	0.6335	+6.677%	$77K	$105K	5x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	0.6345	+6.838%	$395	—	3x	as long as short
Polymarket Perps PONS-USD	+0.0253%	1h	0.6335	+6.673%	$74K	$2.1M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0382%	4h	0.6334	+6.660%	$14.4M	$60.1M	20x	as long as short
Lighter RH PONS	+0.0440%	1h	0.6345	+6.843%	$447K	$2.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0462%	4h	0.6337	+6.714%	$1.8M	$4.3M	20x	as long as short
Aster PONSUSDT	+0.0536%	4h	0.6339	+6.751%	$1.2M	$2.2M	20x	as long as short
Hyperliquid PONS	+0.0558%	1h	0.6338	+6.734%	$65.1M	$30.9M	3x	as long as short
Lighter PONSshort	+0.0584%	1h	0.6345	+6.849%	$1.8M	$852K	3x
Pacifica PONS	+0.0616%	1h	0.6339	+6.737%	$46K	$76K	3x	as long as short
Variational Omni PONS	+0.0656%	4h	0.6360	+7.096%	$1.6M	$4.3M	—	as long as short
Binance PONSUSDT	+0.0662%	4h	0.6341	+6.778%	$41.6M	$101.3M	20x	as long as short
Extended PONS-USD	+0.0664%	1h	0.6334	+6.658%	$183K	$881K	5x	as long as short
MEXC PONS_USDT	+0.0664%	4h	0.6336	+6.694%	$7.9M	$4.5M	20x	as long as short
edgeX PONSUSDC	+0.0695%	4h	0.6371	+7.290%	$19K	$292K	10x	as long as short
Gate PONS_USDT	+0.0744%	4h	0.6342	+6.795%	$5.5M	$6.4M	20x	as long as short
Bitget PONSUSDT	+0.0758%	4h	0.6341	+6.778%	$5.1M	$13.5M	20x	as long as short
Bybit PONSUSDT	+0.0800%	4h	0.6336	+6.694%	$19.2M	$32.6M	20x	as long as short
BingX PONS-USDT	+0.0802%	4h	0.6332	+6.626%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0913%	4h	0.6340	+6.761%	$1.9M	$1.1M	20x	as long as short
Phoenix PONS	+0.1637%	1h	0.6345	+6.852%	$48K	$162K	3x	as long as short