Funding you earn now, next payment 05:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.118%
Price spread now: Variational Omni against Lighter+0.216%7-day average −0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.623%−$62 on $10k
+Price spread, last 7 days−0.244%−$24 · spread now +0.216%, 7d avg −0.057%
=Together, before fees−0.867%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$87 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.274% dearer against Lighter than usual: you sell high and buy low (spread +0.216% now, against its 7-day average of −0.057%): +$27 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 4 days (−0.623% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.6032 | 0.0560 | pay 0.0070% / 1h | 27m 01s | $1.7M | $892K | 3x |
| Short | Variational Omni PONS | 0.6045 | 0.0427 | get 0.0214% / 4h | 3h 27m | $1.5M | $3.9M | — |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$27.85
- Price spread: +0.216% → −0.057%
- $27.37
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$0.49
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 9 min ago; Variational Omni: RFQ quote, 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 Lighter live order book, 9 min ago | 2.24 bp | 2.6 bp −$3 | 31.9 bp −$319 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 5.80 bp | doesn't fit | 27.3 bp −$273 | 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 −0.0032% | 1h | 0.6021 | −0.187% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.043% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6032 | −0.007% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6033 | +0.010% | $70K | $129K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6042 | +0.154% | $35K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6028 | −0.065% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6042 | +0.159% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6030 | −0.036% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6051 | +0.307% | $65K | $512K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6034 | +0.027% | $1.7M | $3.2M | 20x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0208% | 1h | 0.6031 | −0.028% | $412K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6035 | +0.035% | $376 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0358% | 4h | 0.6032 | −0.007% | $13.7M | $55.3M | 20x | as long as short |
| Variational Omni PONSshort | +0.0427% | 4h | 0.6045 | +0.216% | $1.5M | $3.9M | — | |
| Hyperliquid PONS | +0.0491% | 1h | 0.6036 | +0.051% | $61.7M | $28.0M | 3x | as long as short |
| Aster PONSUSDT | +0.0531% | 4h | 0.6035 | +0.046% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0534% | 4h | 0.6039 | +0.106% | $4.6M | $11.5M | 20x | as long as short |
| Lighter PONSlong | +0.0560% | 1h | 0.6032 | long leg | $1.7M | $892K | 3x | |
| Extended PONS-USD | +0.0632% | 1h | 0.6029 | −0.052% | $108K | $808K | 5x | as long as short |
| MEXC PONS_USDT | +0.0632% | 4h | 0.6031 | −0.023% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0635% | 4h | 0.6033 | +0.010% | $39.5M | $94.3M | 20x | as long as short |
| edgeX PONSUSDC | +0.0641% | 4h | 0.6040 | +0.126% | $18K | $292K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0697% | 1h | 0.6029 | −0.048% | $72K | $1.6M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0754% | 4h | 0.6034 | +0.018% | $1.6M | $3.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0875% | 4h | 0.6030 | −0.040% | $1.7M | $966K | 20x | as long as short |
| BingX PONS-USDT | +0.0944% | 4h | 0.6039 | +0.109% | — | $3.0M | — | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.6041 | +0.143% | $47K | $68K | 3x | as long as short |
| Bybit PONSUSDT | +0.1111% | 4h | 0.6034 | +0.027% | $18.1M | $30.5M | 20x | as long as short |
| Gate PONS_USDT | +0.1172% | 4h | 0.6028 | −0.073% | $5.3M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.6044 | +0.186% | $46K | $109K | 3x | as long as short |
Lighter PONS
Variational Omni PONS
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Lighter RH PONS
OKX PONS-USDT-SWAP
Hyperliquid PONS
Aster PONSUSDT
Bitget PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BloFin PONS-USDT
BingX PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Gate PONS_USDT
Phoenix PONS