PONS

Alert

Funding spread now, next payment 18:00 UTC+0.0232%/8h

next payment, per $10,000+$0.29paid, last 24h−0.079%paid, last 7 days+0.010%to open and close $10k−$29

Long on Lighter RH Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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	0.5839	0.0120	pay 0.0015% / 1h	5m 51s	$400K	$2.4M	3x
Short	Polymarket Perps PONS-USD	0.5841	0.0352	get 0.0044% / 1h	5m 51s	$70K	$1.8M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee Polymarket PerpsbpOrdersRate

Funding earned: $48.72
Slippage, 4 orders: −$21.35
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $19.37
Break-even: 4.2 days

Slippage from Lighter RH: live order book, 4 min ago; Polymarket Perps: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.043%
Avg gap 7d: −0.059%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	5.82 bp	7.8 bp −$8	42.8 bp −$428	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.71 bp	5.7 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$212K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	$590	$7K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	$14K	$507K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	$72K	$95K	5x	as long as short
Aster PONSUSDT	+0.0100%	4h	$1.0M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	$17.5M	$30.5M	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	$5.2M	$7.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	$1.7M	$3.4M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	$1.2M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	$30K	$319K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$27K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$62K	$498K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Lighter RH PONSlong	+0.0120%	1h	$400K	$2.4M	3x
Hyperliquid PONS	+0.0135%	1h	$58.1M	$29.5M	3x	as long as short
Bitget PONSUSDT	+0.0140%	4h	$4.5M	$11.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0152%	4h	$13.1M	$55.5M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	$364	—	3x	as long as short
Pacifica PONS	+0.0285%	1h	$46K	$119K	3x	as long as short
Extended PONS-USD	+0.0296%	1h	$87K	$545K	5x	as long as short
Binance PONSUSDT	+0.0300%	4h	$37.7M	$98.9M	20x	as long as short
MEXC PONS_USDT	+0.0304%	4h	$7.1M	$5.4M	20x	as long as short
BingX PONS-USDT	+0.0316%	4h	—	$3.3M	—	as long as short
edgeX PONSUSDC	+0.0322%	4h	$20K	$292K	10x	as long as short
Polymarket Perps PONS-USDshort	+0.0352%	1h	$70K	$1.8M	3x
BloFin PONS-USDT	+0.0546%	4h	$1.7M	$958K	20x	as long as short
Lighter PONS	+0.0648%	1h	$1.7M	$869K	3x	as long as short
Phoenix PONS	+0.1523%	1h	$23K	$61K	3x	as long as short