PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0888%/8h= +97.2% APRnext payment +$1.11 per $10,000 · paid last 24h +0.079%

Price spread now: Lighter against Lighter RH+0.052%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.424%+$42 on $10k

Price spread, last 7 days+0.119%+$12 · spread now +0.052%, 7d avg +0.019%

Together, before fees+0.542%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Lighter is 0.033% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.424% in total (about 22.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PONS	0.5932	0.0352	pay 0.0044% / 1h	31m 23s	$398K	$2.5M	3x
Short	Lighter PONS	0.5935	0.1240	get 0.0155% / 1h	31m 23s	$1.7M	$860K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.052%Rate

Funding earned: $186.48
Price spread: +0.052% → +0.019%: $3.33
Slippage, 4 orders: −$28.6
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $161.21
Costs to cover: 0.286%
Break-even: 0.9 days

Slippage from Lighter RH: live order book, 2 min ago; Lighter: live order book, 6 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, 2 min ago	5.06 bp	6.0 bp −$6	46.9 bp −$469	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	3.53 bp	7.4 bp −$7	9.9 bp −$99	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
Gate PONS_USDT	−0.0118%	4h	0.5933	+0.019%	$5.2M	$7.0M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	0.5925	−0.121%	$212K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5863	−1.163%	$603	$3K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5929	−0.049%	$21K	$477K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5928	−0.063%	$73K	$95K	5x	as long as short
Hyperliquid PONS	+0.0100%	1h	0.5933	+0.015%	$58.9M	$29.5M	3x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5932	+0.002%	$17.8M	$31.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5928	−0.066%	$13.4M	$56.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5933	+0.019%	$1.9M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5931	−0.017%	$4.7M	$11.6M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0100%	4h	0.5948	+0.273%	$1.3M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5936	+0.067%	$34K	$319K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5938	+0.111%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5933	+0.024%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5932	+0.008%	$27K	$528K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5941	+0.162%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5932	+0.002%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5934	+0.035%	$370	—	3x	as long as short
BingX PONS-USDT	+0.0185%	4h	0.5929	−0.049%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0198%	4h	0.5930	−0.032%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0198%	4h	0.5930	−0.034%	$38.6M	$98.7M	20x	as long as short
Extended PONS-USD	+0.0200%	1h	0.5929	−0.046%	$92K	$529K	5x	as long as short
edgeX PONSUSDC	+0.0222%	4h	0.5934	+0.044%	$21K	$293K	10x	as long as short
Aster PONSUSDT	+0.0253%	4h	0.5930	−0.040%	$1.1M	$2.2M	20x	as long as short
Pacifica PONS	+0.0279%	1h	0.5930	−0.035%	$47K	$111K	3x	as long as short
Lighter RH PONSlong	+0.0352%	1h	0.5932	long leg	$398K	$2.5M	3x
BloFin PONS-USDT	+0.0443%	4h	0.5932	+0.002%	$1.7M	$987K	20x	as long as short
Polymarket Perps PONS-USD	+0.0476%	1h	0.5933	+0.015%	$49K	$1.8M	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5933	+0.013%	$27K	$80K	3x	as long as short
Lighter PONSshort	+0.1240%	1h	0.5935	+0.052%	$1.7M	$860K	3x