PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.058%

Price spread now: Lighter RH against Nado−0.019%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1081.078% of the position

Long on Nado Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.019%, 7d avg +0.024%

Together, before fees+0.153%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board+$15 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: Lighter RH is 0.042% cheaper against Nado than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.5921	0.0100	pay 0.0012% / 1h	15m 03s	$69K	$130K	5x
Short	Lighter RH PONS	0.5920	0.0096	get 0.0012% / 1h	15m 03s	$413K	$2.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Nado. 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 NadobpFee Lighter RHbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$0.84
Price spread: −0.019% → +0.024%: −$4.24
Slippage, 4 orders: −$107.81
Fee Nado: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$112.89
Costs to cover: 1.078%
Break-even: never at this rate

Slippage from Nado: live order book, 18 min ago; Lighter RH: live order book, 3 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 Nado live order book, 18 min ago	16.33 bp	43.5 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	3.21 bp	9.4 bp −$9	56.8 bp −$568	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 +0.0032% / S −0.0030%	1h	0.5914	−0.113%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.296%	$610	$10K	5.5x	as long as short
Lighter RH PONSshort	+0.0096%	1h	0.5920	−0.019%	$413K	$2.6M	3x
Popdex PONSUSDT	+0.0096%	1h	0.5921	0.000%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5927	+0.108%	$2K	$3K	10x	as long as short
Nado PONS-PERPlong	+0.0100%	1h	0.5921	long leg	$69K	$130K	5x
ApeX Omni PONSUSDT	+0.0100%	1h	0.5918	−0.046%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5924	+0.054%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5923	+0.025%	$26K	$583K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5920	−0.022%	$65K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5916	−0.084%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5921	−0.001%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0200%	1h	0.5925	+0.059%	$60.1M	$29.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0404%	4h	0.5920	−0.017%	$13.4M	$55.4M	20x	as long as short
Aster PONSUSDT	+0.0448%	4h	0.5921	−0.005%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0486%	4h	0.5922	+0.017%	$7.6M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0488%	1h	0.5920	−0.017%	$101K	$808K	5x	as long as short
Binance PONSUSDT	+0.0489%	4h	0.5924	+0.045%	$37.3M	$98.2M	20x	as long as short
edgeX PONSUSDC	+0.0508%	4h	0.5922	+0.013%	$20K	$293K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5919	−0.028%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0570%	4h	0.5916	−0.077%	$1.4M	$4.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0584%	1h	0.5921	+0.007%	$91K	$1.9M	3x	as long as short
KuCoin PONSUSDTM	+0.0606%	4h	0.5922	+0.019%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5925	+0.069%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0680%	4h	0.5923	+0.034%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0711%	4h	0.5919	−0.034%	$17.5M	$31.3M	20x	as long as short
BloFin PONS-USDT	+0.0729%	4h	0.5926	+0.084%	$1.7M	$943K	20x	as long as short
Gate PONS_USDT	+0.0826%	4h	0.5917	−0.068%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0880%	1h	0.5925	+0.064%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5928	+0.111%	$45K	$127K	3x	as long as short