Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.133%
Price spread now: SoDEX against Lighter RH+0.046%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1461.465% of the position
Funding, last 3 days (all we have)−0.409%−$41 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now +0.046%, 7d avg −0.023%
=Together, before fees−0.244%+ Points / potential airdropLighter RH: Points live · farm board−$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.069% dearer against Lighter RH than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5911 | 0.0096 | pay 0.0012% / 1h | 10m 48s | $412K | $2.6M | 3x |
| Short | SoDEX PONS-USD | 0.5914 | 0.0100 | get 0.0013% / 1h | 10m 48s | $25K | $587K | 3x |
Lighter RH PONS
SoDEX PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $0.84
- Price spread: +0.046% → −0.023%
- $6.91
- Slippage, 4 orders
- −$138.47
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$138.72
- Costs to cover
- 1.465%
- Break-even
- 1163.0 days
Slippage from Lighter RH: live order book, 2 min ago; SoDEX: 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, 2 min ago | 2.29 bp | 6.1 bp −$6 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 38 min ago | 2.52 bp | 66.3 bp −$66 | 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 +0.0033% / S −0.0032% | 1h | 0.5904 | −0.109% | $234K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.993% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSlong | +0.0096% | 1h | 0.5911 | long leg | $412K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5915 | +0.071% | $21K | $428K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5918 | +0.129% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5914 | +0.054% | $69K | $131K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5903 | −0.132% | $5.2M | $6.4M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5878 | −0.555% | $29K | $329K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5911 | +0.002% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USDshort | +0.0100% | 1h | 0.5914 | +0.046% | $25K | $587K | 3x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
Gate PONS_USDT
ApeX Omni PONSUSDT
SunX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5906 | −0.083% | $64K | $525K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5905 | −0.098% | $1.6M | $3.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0213% | 1h | 0.5914 | +0.052% | $60.0M | $29.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5895 | −0.272% | $367 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0422% | 4h | 0.5911 | +0.003% | $13.4M | $55.8M | 20x | as long as short |
| Aster PONSUSDT | +0.0490% | 4h | 0.5913 | +0.037% | $1.1M | $2.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.0592% | 4h | 0.5885 | −0.443% | $20K | $294K | 10x | as long as short |
| MEXC PONS_USDT | +0.0598% | 4h | 0.5912 | +0.020% | $7.5M | $4.8M | 20x | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.5910 | −0.008% | $101K | $811K | 5x | as long as short |
| Binance PONSUSDT | +0.0601% | 4h | 0.5912 | +0.020% | $37.4M | $98.5M | 20x | as long as short |
| Bitget PONSUSDT | +0.0624% | 4h | 0.5915 | +0.066% | $4.7M | $12.2M | 20x | as long as short |
| Variational Omni PONS | +0.0661% | 4h | 0.5911 | +0.011% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0704% | 4h | 0.5912 | +0.025% | $1.6M | $3.8M | 20x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5909 | −0.024% | $45K | $69K | 3x | as long as short |
| Lighter PONS | +0.0736% | 1h | 0.5913 | +0.036% | $1.6M | $939K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0741% | 1h | 0.5915 | +0.071% | $93K | $1.9M | 3x | as long as short |
| BloFin PONS-USDT | +0.0841% | 4h | 0.5911 | +0.003% | $1.7M | $959K | 20x | as long as short |
| BingX PONS-USDT | +0.0932% | 4h | 0.5914 | +0.054% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0979% | 4h | 0.5911 | +0.003% | $17.6M | $31.6M | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5880 | −0.519% | $45K | $121K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Hyperliquid PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Aster PONSUSDT
edgeX PONSUSDC
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
Bitget PONSUSDT
Variational Omni PONS
KuCoin PONSUSDTM
Pacifica PONS
Lighter PONS
Polymarket Perps PONS-USD
BloFin PONS-USDT
BingX PONS-USDT
Bybit PONSUSDT
Phoenix PONS