Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.133%
Price spread now: SunX against Lighter RH+0.054%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$371as in the Funding arb table
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$3273.273% of the position
Funding, last 7 days−0.441%−$44 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.054%, 7d avg +0.017%
=Together, before fees−0.327%+ Points / potential airdropLighter RH: Points live · farm board−$33 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: SunX is 0.037% dearer against Lighter RH than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5912 | 0.0096 | pay 0.0012% / 1h | 4m 16s | $407K | $2.6M | 3x |
| Short | SunX PONS-USDT | 0.5915 | 0.0100 | get 0.0050% / 4h | 2h 04m | — | $1.3M | 10x |
Lighter RH PONS
SunX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.054% → +0.017%
- $3.69
- Slippage, 4 orders
- −$319.35
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$322.82
- Costs to cover
- 3.273%
- Break-even
- 2697.1 days
Slippage from Lighter RH: live order book, 4 min ago; SunX: live order book, 9 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, 4 min ago | 3.72 bp | 10.8 bp −$11 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 106.34 bp | 174.3 bp −$174 | 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 | 0.5906 | −0.091% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.978% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSlong | +0.0096% | 1h | 0.5912 | long leg | $407K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5913 | +0.022% | $21K | $424K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5918 | +0.101% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5914 | +0.039% | $69K | $131K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5911 | −0.012% | $5.2M | $6.4M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5905 | −0.110% | $29K | $329K | 5x | as long as short |
| SunX PONS-USDTshort | +0.0100% | 4h | 0.5915 | +0.054% | — | $1.3M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5912 | +0.005% | $25K | $585K | 3x | as long as short |
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
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5904 | −0.132% | $64K | $525K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5905 | −0.113% | $1.6M | $3.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0227% | 1h | 0.5914 | +0.034% | $60.0M | $29.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5912 | +0.005% | $368 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0424% | 4h | 0.5906 | −0.096% | $13.4M | $55.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0485% | 4h | 0.5913 | +0.024% | $1.1M | $2.2M | 20x | as long as short |
| Extended PONS-USD | +0.0592% | 1h | 0.5913 | +0.028% | $101K | $811K | 5x | as long as short |
| Binance PONSUSDT | +0.0594% | 4h | 0.5910 | −0.029% | $37.4M | $98.5M | 20x | as long as short |
| MEXC PONS_USDT | +0.0596% | 4h | 0.5909 | −0.046% | $7.5M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0619% | 4h | 0.5913 | +0.015% | $20K | $295K | 10x | as long as short |
| Bitget PONSUSDT | +0.0644% | 4h | 0.5907 | −0.086% | $4.7M | $12.2M | 20x | as long as short |
| Variational Omni PONS | +0.0659% | 4h | 0.5914 | +0.047% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0690% | 4h | 0.5907 | −0.081% | $1.6M | $3.8M | 20x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5913 | +0.015% | $45K | $69K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0734% | 1h | 0.5914 | +0.034% | $88K | $1.9M | 3x | as long as short |
| Lighter PONS | +0.0808% | 1h | 0.5914 | +0.039% | $1.6M | $940K | 3x | as long as short |
| BloFin PONS-USDT | +0.0837% | 4h | 0.5911 | −0.012% | $1.7M | $959K | 20x | as long as short |
| BingX PONS-USDT | +0.0926% | 4h | 0.5915 | +0.056% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0946% | 4h | 0.5907 | −0.080% | $17.6M | $31.5M | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5911 | −0.008% | $45K | $121K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Hyperliquid PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Aster PONSUSDT
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Bitget PONSUSDT
Variational Omni PONS
KuCoin PONSUSDTM
Pacifica PONS
Polymarket Perps PONS-USD
Lighter PONS
BloFin PONS-USDT
BingX PONS-USDT
Bybit PONSUSDT
Phoenix PONS