Funding you earn now, next payment 01:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.162%
Price spread now: Aevo against Lighter RH+0.182%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.182% dearer against Lighter RH than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.6110 | 0.0096 | pay 0.0012% / 1h | 26m 41s | $432K | $2.6M | 3x |
| Short | Aevo PONS-PERP | 0.6121 | 0.0168 | get 0.0021% / 1h | 26m 41s | $381 | — | 3x |
Lighter RH PONS
Aevo PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Lighter RH. 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
- $15.12
- Price spread: +0.182% → 0.000%
- $18.17
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $17.29
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 1 min ago; Aevo: no order-book sample. 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 RH live order book, 1 min ago | 4.25 bp | 10.9 bp −$11 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.001% | $242K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.298% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSlong | +0.0096% | 1h | 0.6110 | long leg | $432K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6121 | +0.182% | $20K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6105 | −0.088% | $1.4M | $4.1M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6116 | +0.095% | $34K | $358K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6126 | +0.255% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6120 | +0.160% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6120 | +0.159% | $28K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6130 | +0.326% | $65K | $510K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
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 | +0.051% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERPshort | +0.0168% | 1h | 0.6121 | +0.182% | $381 | — | 3x | |
| OKX PONS-USDT-SWAP | +0.0179% | 4h | 0.6110 | +0.002% | $13.9M | $57.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0186% | 4h | 0.6109 | −0.016% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0244% | 4h | 0.6113 | +0.051% | $4.8M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0280% | 4h | 0.6112 | +0.040% | $1.1M | $2.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.0366% | 4h | 0.6111 | +0.018% | $8.0M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0368% | 4h | 0.6111 | +0.018% | $40.0M | $96.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0368% | 4h | 0.6115 | +0.087% | $21K | $292K | 10x | as long as short |
| Extended PONS-USD | +0.0368% | 1h | 0.6111 | +0.013% | $253K | $679K | 5x | as long as short |
| Lighter PONS | +0.0504% | 1h | 0.6111 | +0.016% | $1.7M | $931K | 3x | as long as short |
| BloFin PONS-USDT | +0.0608% | 4h | 0.6117 | +0.116% | $1.8M | $1.0M | 20x | as long as short |
| Nado PONS-PERP | +0.0613% | 1h | 0.6117 | +0.118% | $106K | $115K | 5x | as long as short |
| BingX PONS-USDT | +0.0648% | 4h | 0.6110 | +0.002% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.0660% | 4h | 0.6110 | +0.002% | $18.4M | $30.9M | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6111 | +0.019% | $48K | $78K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0778% | 1h | 0.6120 | +0.170% | $44K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0894% | 1h | 0.6111 | +0.024% | $62.1M | $29.2M | 3x | as long as short |
| Gate PONS_USDT | +0.1012% | 4h | 0.6103 | −0.113% | $5.3M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6110 | −0.002% | $32K | $113K | 3x | as long as short |
Phemex PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Extended PONS-USD
Lighter PONS
BloFin PONS-USDT
Nado PONS-PERP
BingX PONS-USDT
Bybit PONSUSDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS