Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.3% APRpaid last 24h −0.103%
Price spread now: BloFin against Lighter+0.100%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)+0.158%+$16 · spread now +0.100%, 7d avg −0.007%
=Together, before fees+0.201%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.107% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.6111 | 0.0504 | pay 0.0063% / 1h | 26m 41s | $1.7M | $931K | 3x |
| Short | BloFin PONS-USDT | 0.6117 | 0.0608 | get 0.0304% / 4h | 3h 26m | $1.8M | $1.0M | 20x |
Lighter PONS
BloFin PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- $21.76
- Price spread: +0.100% → −0.007%
- $10.73
- Slippage, 4 orders
- −$32.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$12.47
- Costs to cover
- 0.450%
- Break-even
- 11.0 days
Slippage from Lighter: live order book, 5 min ago; BloFin: live order book, 1 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 Lighter live order book, 5 min ago | 2.87 bp | 6.2 bp −$6 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 4.08 bp | 20.9 bp −$21 | 39.1 bp −$391 | 100.7 bp −$10.1K | 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 | 0.6110 | −0.018% | $242K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.314% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6110 | −0.016% | $432K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6121 | +0.165% | $20K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6105 | −0.104% | $1.4M | $4.1M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6116 | +0.079% | $34K | $358K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6126 | +0.239% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6120 | +0.144% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6120 | +0.142% | $28K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6130 | +0.309% | $65K | $510K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6113 | +0.034% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0168% | 1h | 0.6121 | +0.165% | $381 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0179% | 4h | 0.6110 | −0.015% | $13.9M | $57.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0186% | 4h | 0.6109 | −0.033% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0244% | 4h | 0.6113 | +0.034% | $4.8M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0280% | 4h | 0.6112 | +0.023% | $1.1M | $2.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.0366% | 4h | 0.6111 | +0.002% | $8.0M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0368% | 4h | 0.6111 | +0.002% | $40.0M | $96.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0368% | 4h | 0.6115 | +0.071% | $21K | $292K | 10x | as long as short |
| Extended PONS-USD | +0.0368% | 1h | 0.6111 | −0.004% | $253K | $679K | 5x | as long as short |
| Lighter PONSlong | +0.0504% | 1h | 0.6111 | long leg | $1.7M | $931K | 3x | |
| BloFin PONS-USDTshort | +0.0608% | 4h | 0.6117 | +0.100% | $1.8M | $1.0M | 20x | |
| Nado PONS-PERP | +0.0613% | 1h | 0.6117 | +0.102% | $106K | $115K | 5x | as long as short |
| BingX PONS-USDT | +0.0648% | 4h | 0.6110 | −0.015% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.0660% | 4h | 0.6110 | −0.015% | $18.4M | $30.9M | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6111 | +0.002% | $48K | $78K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0778% | 1h | 0.6120 | +0.154% | $44K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0894% | 1h | 0.6111 | +0.008% | $62.1M | $29.2M | 3x | as long as short |
| Gate PONS_USDT | +0.1012% | 4h | 0.6103 | −0.129% | $5.3M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6110 | −0.018% | $32K | $113K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Extended PONS-USD
Nado PONS-PERP
BingX PONS-USDT
Bybit PONSUSDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS