PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.207%

Price spread now: Injective against Lighter RH−2.030%67s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 2.030% cheaper against Lighter RH than usual: you would sell low and buy high (−$203 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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	0.6093	0.0152	pay 0.0019% / 1h	3m 59s	$429K	$2.6M	3x
Short	Injective PONS/USDC PERP	0.5969	0.0033	get 0.0004% / 1h	3m 59s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.030%Rate

Funding earned: −$24.92
Price spread: −2.030% → 0.000%: −$203.01
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$227.95
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 4 min ago; Injective: 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, 4 min ago	4.65 bp	8.6 bp −$9	30.7 bp −$307	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.6089	−0.067%	$241K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5969	−2.030%	$614	$10K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.6097	+0.062%	$20K	$414K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	+0.200%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6122	+0.479%	$34K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6091	−0.028%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6102	+0.149%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6092	−0.023%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6104	+0.179%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6088	−0.085%	$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 PONSlong	+0.0152%	1h	0.6093	long leg	$429K	$2.6M	3x
Aevo PONS-PERP	+0.0176%	1h	0.6085	−0.129%	$379	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0225%	4h	0.6071	−0.364%	$14.0M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0236%	4h	0.6084	−0.158%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0286%	4h	0.6085	−0.128%	$4.8M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0314%	4h	0.6078	−0.246%	$1.1M	$2.0M	20x	as long as short
Binance PONSUSDT	+0.0389%	4h	0.6077	−0.263%	$40.0M	$96.0M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	0.6083	−0.172%	$252K	$676K	5x	as long as short
MEXC PONS_USDT	+0.0398%	4h	0.6082	−0.184%	$7.9M	$4.9M	20x	as long as short
edgeX PONSUSDC	+0.0409%	4h	0.6139	+0.747%	$21K	$292K	10x	as long as short
Lighter PONS	+0.0464%	1h	0.6094	+0.010%	$1.7M	$946K	3x	as long as short
BingX PONS-USDT	+0.0588%	4h	0.6077	−0.266%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0590%	1h	0.6088	−0.079%	$105K	$115K	5x	as long as short
Bybit PONSUSDT	+0.0626%	4h	0.6070	−0.381%	$18.3M	$30.8M	20x	as long as short
BloFin PONS-USDT	+0.0639%	4h	0.6081	−0.200%	$1.8M	$987K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6087	−0.104%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0806%	1h	0.6095	+0.034%	$47K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0859%	1h	0.6084	−0.154%	$61.9M	$28.9M	3x	as long as short
Gate PONS_USDT	+0.1484%	4h	0.6079	−0.233%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6136	+0.702%	$32K	$113K	3x	as long as short