data as of
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Funding arb /

PONS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC+0.0868%/8h
paid, last 24h+0.281%paid, last 7 days+0.922%to open and close $10k−$93
Long on PhemexShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex PONSUSDT0.63750.0100pay 0.0050% / 4h1h 41m$1.8M$3.4M20x
ShortLighter PONS0.63790.0968get 0.0121% / 1h41m 23s$1.8M$729K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$182.28
Slippage, 4 orders
−$81.33
Fee Phemex: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$88.95
Break-even
3.6 days
Slippage from Phemex: live order book, 4 min ago; Lighter: live order book, 7 min ago.

Price risk

price view
Price gap now
+0.056%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago0.79 bp46.2 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago6.06 bp6.1 bp −$610.7 bp −$107doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0032%1h$228K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$15K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$20K$470K20xas long as short
ApeX Omni PONSUSDT+0.0100%1h$40K$319K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$2K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.2M10xas long as short
SoDEX PONS-USD+0.0100%1h$29K$463K3xas long as short
HTX PONS-USDT+0.0100%4h$67K$493K20xas long as short
Phemex PONSUSDTlong+0.0100%4h$1.8M$3.4M20x
OKX PONS-USDT-SWAP+0.0218%4h$15.2M$56.6M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aevo PONS-PERP+0.0256%1h$398—3xas long as short
Lighter RH PONS+0.0376%1h$454K$2.2M3xas long as short
Aster PONSUSDT+0.0415%4h$1.1M$2.2M20xas long as short
Polymarket Perps PONS-USD+0.0471%1h$64K$1.7M3xas long as short
Nado PONS-PERP+0.0488%1h$117K$67K5xas long as short
Variational Omni PONS+0.0527%4h$1.8M$3.3M—as long as short
KuCoin PONSUSDTM+0.0568%4h$2.3M$2.1M20xas long as short
Bybit PONSUSDT+0.0632%4h$20.4M$26.0M20xas long as short
Extended PONS-USD+0.0680%1h$161K$464K5xas long as short
Binance PONSUSDT+0.0684%4h$42.9M$92.5M20xas long as short
MEXC PONS_USDT+0.0686%4h$8.2M$4.8M20xas long as short
edgeX PONSUSDC+0.0693%4h$22K$289K10xas long as short
BingX PONS-USDT+0.0702%4h—$2.9M—as long as short
Bitget PONSUSDT+0.0726%4h$5.1M$10.4M20xas long as short
Pacifica PONS+0.0858%1h$49K$176K3xas long as short
BloFin PONS-USDT+0.0927%4h$1.9M$908K20xas long as short
Lighter PONSshort+0.0968%1h$1.8M$729K3x
Hyperliquid PONS+0.1005%1h$64.8M$25.4M3xas long as short
Gate PONS_USDT+0.1014%4h$5.7M$7.1M20xas long as short
Phoenix PONS+0.1767%1h$26K$45K3xas long as short