PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.088%

Price spread now: MEXC against Lighter−0.041%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.254% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.452%−$45 on $10k

Price spread, last 4 days (all we have)+0.145%+$14 · spread now −0.041%, 7d avg −0.052%

Together, before fees−0.307%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.5920	0.0832	pay 0.0104% / 1h	1m 26s	$1.6M	$941K	3x
Short	MEXC PONS_USDT	0.5918	0.0586	get 0.0293% / 4h	2h 01m	$7.5M	$4.8M	20x

Funding history

latest

Range statsloading…

MEXC against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee LighterbpFee MEXCbpOrdersPrice spread, now −0.041%Rate

Slippage from Lighter: live order book, 5 min ago; MEXC: live order book, 1 min ago.

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	3.29 bp	7.7 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.85 bp	4.6 bp −$5	13.1 bp −$131	293.5 bp −$29.4K	doesn't fit

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	0.5910	−0.173%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.829%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5916	−0.079%	$407K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5919	−0.024%	$21K	$422K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5924	+0.052%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5919	−0.024%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5905	−0.263%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5917	−0.049%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5917	−0.049%	$26K	$585K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5915	−0.098%	$64K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5914	−0.108%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0154%	4h	0.5913	−0.125%	$5.2M	$6.4M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5919	−0.017%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0236%	1h	0.5918	−0.041%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0425%	4h	0.5916	−0.074%	$13.4M	$55.8M	20x	as long as short
Aster PONSUSDT	+0.0481%	4h	0.5919	−0.025%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0584%	1h	0.5918	−0.037%	$101K	$811K	5x	as long as short
MEXC PONS_USDTshort	+0.0586%	4h	0.5918	−0.041%	$7.5M	$4.8M	20x
Binance PONSUSDT	+0.0589%	4h	0.5919	−0.024%	$37.5M	$98.5M	20x	as long as short
edgeX PONSUSDC	+0.0600%	4h	0.5911	−0.158%	$20K	$296K	10x	as long as short
Bitget PONSUSDT	+0.0648%	4h	0.5920	−0.005%	$4.7M	$12.3M	20x	as long as short
Variational Omni PONS	+0.0659%	4h	0.5914	−0.100%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0684%	4h	0.5919	−0.019%	$1.6M	$3.8M	20x	as long as short
Pacifica PONS	+0.0715%	1h	0.5918	−0.040%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0741%	1h	0.5917	−0.049%	$87K	$1.9M	3x	as long as short
Lighter PONSlong	+0.0832%	1h	0.5920	long leg	$1.6M	$941K	3x
BloFin PONS-USDT	+0.0834%	4h	0.5909	−0.193%	$1.7M	$958K	20x	as long as short
BingX PONS-USDT	+0.0898%	4h	0.5918	−0.041%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0932%	4h	0.5916	−0.074%	$17.6M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5909	−0.199%	$45K	$121K	3x	as long as short