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Funding arb /

PONS

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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 16:00 UTC−0.1350%/8h
paid, last 24h−0.108%paid, last 7 days−0.512%to open and close $10k−$74
Long on LighterShort on Gate
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.512% in total (about -26.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PONS0.63630.1664pay 0.0208% / 1h55m 48s$1.8M$710K3x
ShortGate PONS_USDT0.63650.0314get 0.0157% / 4h55m 48s$5.7M$6.8M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$283.5
Slippage, 4 orders
−$59.39
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$357.89
Break-even
never at this rate
Slippage from Lighter: live order book, 2 min ago; Gate: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.038%
Avg gap 7d
−0.065%
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 Lighter live order book, 2 min ago8.20 bp11.3 bp −$1119.4 bp −$194doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago3.94 bp26.7 bp −$2779.8 bp −$798doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0031%1h$229K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$15K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$20K$471K20xas long as short
ApeX Omni PONSUSDT+0.0100%1h$40K$316K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$2K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h$29K$475K3xas long as short
HTX PONS-USDT+0.0100%4h$66K$493K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.8M$3.4M20xas long as short
Lighter RH PONS+0.0160%1h$446K$2.1M3xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX PONS-USDT-SWAP+0.0174%4h$15.1M$56.4M20xas long as short
Aevo PONS-PERP+0.0240%1h$396—3xas long as short
Gate PONS_USDTshort+0.0314%4h$5.7M$6.8M20x
Aster PONSUSDT+0.0418%4h$1.1M$2.2M20xas long as short
Pacifica PONS+0.0472%1h$49K$166K3xas long as short
KuCoin PONSUSDTM+0.0558%4h$1.9M$2.8M20xas long as short
Variational Omni PONS+0.0573%4h$1.8M$3.4M—as long as short
Bitget PONSUSDT+0.0582%4h$5.0M$10.7M20xas long as short
Nado PONS-PERP+0.0602%1h$117K$71K5xas long as short
Extended PONS-USD+0.0624%1h$161K$472K5xas long as short
MEXC PONS_USDT+0.0628%4h$8.2M$4.9M20xas long as short
Binance PONSUSDT+0.0630%4h$42.7M$93.5M20xas long as short
edgeX PONSUSDC+0.0645%4h$22K$287K10xas long as short
BingX PONS-USDT+0.0710%4h—$2.9M—as long as short
Polymarket Perps PONS-USD+0.0740%1h$78K$1.8M3xas long as short
Bybit PONSUSDT+0.0760%4h$20.7M$26.9M20xas long as short
BloFin PONS-USDT+0.0870%4h$1.9M$917K20xas long as short
Hyperliquid PONS+0.1177%1h$64.9M$26.1M3xas long as short
Lighter PONSlong+0.1664%1h$1.8M$710K3x
Phoenix PONS+0.1767%1h$26K$45K3xas long as short