PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0332%/8h= −36.4% APRnext payment −$0.41 per $10,000 · paid last 24h −0.117%

Price spread now: ApeX Omni against Lighter RH+0.264%48s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1421.424% of the position

Long on Lighter RH Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.441%−$44 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.264%, 7d avg +0.079%

Together, before fees−0.309%+ Points / potential airdropLighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.185% dearer against Lighter RH than usual: you sell high and buy low (spread +0.264% now, against its 7-day average of +0.079%): +$18 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 45 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PONS	0.6142	0.0432	pay 0.0054% / 1h	4m 39s	$426K	$2.7M	3x
Short	ApeX Omni PONSUSDT	0.6158	0.0100	get 0.0013% / 1h	4m 39s	$30K	$299K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 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 Lighter RHbpFee ApeX OmnibpOrdersPrice spread, now +0.264%Rate

Funding earned: −$69.72
Price spread: +0.264% → +0.079%: $18.49
Slippage, 4 orders: −$132.43
Fee Lighter RH: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$193.66
Costs to cover: 1.424%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; ApeX Omni: live order book, 33 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 RH live order book, 3 min ago	5.12 bp	11.8 bp −$12	52.6 bp −$526	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	36.65 bp	75.4 bp −$75	148.9 bp −$1,489	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 +0.0032% / S −0.0030%	1h	0.6128	−0.218%	$240K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6145	+0.052%	$23K	$456K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6143	+0.015%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDTshort	+0.0100%	1h	0.6158	+0.264%	$30K	$299K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6142	0.000%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6134	−0.120%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6133	−0.135%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6147	+0.083%	$66K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6137	−0.078%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6138	−0.062%	$382	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PONS_USDT	+0.0374%	4h	0.6141	−0.013%	$5.5M	$6.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0397%	4h	0.6136	−0.094%	$13.9M	$60.5M	20x	as long as short
Lighter RH PONSlong	+0.0432%	1h	0.6142	long leg	$426K	$2.7M	3x
Aster PONSUSDT	+0.0437%	4h	0.6133	−0.136%	$1.1M	$2.3M	20x	as long as short
Variational Omni PONS	+0.0488%	4h	0.6153	+0.185%	$1.5M	$4.2M	—	as long as short
Lighter PONS	+0.0488%	1h	0.6144	+0.034%	$1.7M	$859K	3x	as long as short
KuCoin PONSUSDTM	+0.0494%	4h	0.6143	+0.024%	$1.6M	$4.1M	20x	as long as short
Hyperliquid PONS	+0.0519%	1h	0.6142	+0.002%	$62.7M	$30.5M	3x	as long as short
Pacifica PONS	+0.0572%	1h	0.6139	−0.050%	$46K	$77K	3x	as long as short
Extended PONS-USD	+0.0592%	1h	0.6138	−0.068%	$103K	$827K	5x	as long as short
MEXC PONS_USDT	+0.0594%	4h	0.6143	+0.020%	$7.8M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0594%	4h	0.6142	+0.003%	$39.9M	$105.2M	20x	as long as short
edgeX PONSUSDC	+0.0605%	4h	0.6157	+0.251%	$20K	$291K	10x	as long as short
BingX PONS-USDT	+0.0660%	4h	0.6145	+0.052%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.0661%	4h	0.6138	−0.062%	$18.4M	$33.1M	20x	as long as short
Bitget PONSUSDT	+0.0688%	4h	0.6145	+0.059%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0834%	4h	0.6140	−0.029%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0987%	1h	0.6136	−0.091%	$72K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.310%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6166	+0.389%	$47K	$127K	3x	as long as short