Funding you earn now, next payment 23:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.107%
Price spread now: edgeX against Lighter RH−0.151%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$590.585% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)+0.212%+$21 · spread now −0.151%, 7d avg −0.021%
=Together, before fees+0.241%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 0.129% cheaper against Lighter RH than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5949 | 0.0344 | pay 0.0043% / 1h | 45m 19s | $422K | $2.6M | 3x |
| Short | edgeX PONSUSDC | 0.5940 | 0.0184 | get 0.0092% / 4h | 1h 45m | $21K | $294K | 10x |
Lighter RH PONS
edgeX PONSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$33.62
- Price spread: −0.151% → −0.021%
- −$12.93
- Slippage, 4 orders
- −$49.51
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$105.06
- Costs to cover
- 0.585%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; edgeX: live order book, 38 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 | 4.89 bp | 5.8 bp −$6 | 31.9 bp −$319 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 38 min ago | 11.86 bp | 20.3 bp −$20 | doesn't fit | 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 −0.0034% | 1h | 0.5945 | −0.065% | $218K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5920 | −0.493% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5952 | +0.052% | $21K | $432K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5949 | +0.002% | $17.8M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5949 | +0.002% | $13.5M | $55.9M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5951 | +0.039% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5954 | +0.091% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5942 | −0.117% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5942 | −0.114% | $34K | $344K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5954 | +0.086% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5955 | +0.101% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5945 | −0.064% | $27K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5951 | +0.040% | $64K | $505K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5939 | −0.166% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0120% | 1h | 0.5951 | +0.035% | $371 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0143% | 4h | 0.5950 | +0.018% | $1.1M | $2.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0167% | 4h | 0.5946 | −0.049% | — | $3.1M | — | as long as short |
| Extended PONS-USD | +0.0168% | 1h | 0.5950 | +0.020% | $106K | $522K | 5x | as long as short |
| MEXC PONS_USDT | +0.0168% | 4h | 0.5952 | +0.052% | $7.7M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.0169% | 4h | 0.5951 | +0.035% | $38.7M | $97.5M | 20x | as long as short |
| edgeX PONSUSDCshort | +0.0184% | 4h | 0.5940 | −0.151% | $21K | $294K | 10x | |
| Nado PONS-PERP | +0.0193% | 1h | 0.5951 | +0.035% | $90K | $103K | 5x | as long as short |
| Lighter RH PONSlong | +0.0344% | 1h | 0.5949 | long leg | $422K | $2.6M | 3x | |
| BloFin PONS-USDT | +0.0404% | 4h | 0.5934 | −0.250% | $1.7M | $975K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5951 | +0.037% | $47K | $104K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0499% | 1h | 0.5952 | +0.061% | $37K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0619% | 1h | 0.5956 | +0.111% | $59.9M | $30.0M | 3x | as long as short |
| Lighter PONS | +0.0816% | 1h | 0.5948 | −0.017% | $1.7M | $984K | 3x | as long as short |
| Gate PONS_USDT | +0.1224% | 4h | 0.5946 | −0.049% | $5.2M | $6.5M | 20x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5931 | −0.294% | $30K | $96K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
BingX PONS-USDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
Nado PONS-PERP
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Lighter PONS
Gate PONS_USDT
Phoenix PONS