PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0306%/8h= +33.5% APRnext payment +$0.38 per $10,000 · paid last 24h −0.125%

Price spread now: Polymarket Perps against Lighter+0.069%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.380%−$38 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.069%, 7d avg −0.074%

Together, before fees−0.550%+ Points / potential airdropLighter: Season 3 · farm board−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Polymarket Perps is 0.143% dearer against Lighter than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.074%. Mind the row above: over the last 7 days funding on this pair cost −0.380%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.6124	0.0472	pay 0.0059% / 1h	28m 35s	$1.7M	$926K	3x
Short	Polymarket Perps PONS-USD	0.6128	0.0778	get 0.0097% / 1h	28m 35s	$44K	$1.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Lighter. 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 LighterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.069%Rate

Funding earned: $64.28
Price spread: +0.069% → −0.074%: $14.25
Slippage, 4 orders: −$17.69
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $52.83
Costs to cover: 0.257%
Break-even: 1.2 days

Slippage from Lighter: live order book, 3 min ago; Polymarket Perps: live order book, 5 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, 3 min ago	2.87 bp	6.2 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.38 bp	6.4 bp −$6	6.9 bp −$69	doesn't fit	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	0.6098	−0.428%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.523%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6124	0.000%	$433K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6129	+0.082%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	−0.318%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6102	−0.359%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6115	−0.153%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6104	−0.330%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6110	−0.232%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6122	−0.034%	$65K	$510K	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	0.6106	−0.294%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6112	−0.196%	$381	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0172%	4h	0.6127	+0.049%	$14.0M	$57.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0190%	4h	0.6123	−0.023%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0242%	4h	0.6131	+0.122%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0268%	4h	0.6124	−0.002%	$1.1M	$2.1M	20x	as long as short
edgeX PONSUSDC	+0.0344%	4h	0.6106	−0.294%	$21K	$294K	10x	as long as short
Extended PONS-USD	+0.0352%	1h	0.6127	+0.051%	$253K	$679K	5x	as long as short
MEXC PONS_USDT	+0.0352%	4h	0.6130	+0.098%	$8.0M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0358%	4h	0.6128	+0.065%	$40.2M	$96.7M	20x	as long as short
Lighter PONSlong	+0.0472%	1h	0.6124	long leg	$1.7M	$926K	3x
BloFin PONS-USDT	+0.0593%	4h	0.6107	−0.278%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0612%	1h	0.6124	−0.003%	$106K	$115K	5x	as long as short
Pacifica PONS	+0.0665%	1h	0.6126	+0.031%	$48K	$78K	3x	as long as short
BingX PONS-USDT	+0.0682%	4h	0.6130	+0.098%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0712%	4h	0.6126	+0.033%	$18.4M	$30.9M	20x	as long as short
Polymarket Perps PONS-USDshort	+0.0778%	1h	0.6128	+0.069%	$44K	$1.6M	3x
Hyperliquid PONS	+0.0903%	1h	0.6127	+0.041%	$62.3M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.1058%	4h	0.6118	−0.098%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6110	−0.232%	$32K	$113K	3x	as long as short