Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.133%
Price spread now: Lighter RH against Phemex+0.071%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1021.020% of the position
Funding, last 7 days+0.425%+$43 on $10k
+Price spread, last 4 days (all we have)−0.245%−$24 · spread now +0.071%, 7d avg +0.017%
=Together, before fees+0.181%+ Points / potential airdropLighter RH: Points live · farm board+$18 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 0.054% dearer against Phemex than usual: you sell high and buy low, +$5 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 | Phemex PONSUSDT | 0.5907 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $1.6M | $3.2M | 20x |
| Short | Lighter RH PONS | 0.5911 | 0.0096 | get 0.0012% / 1h | 4m 58s | $406K | $2.6M | 3x |
Phemex PONSUSDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phemex. 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: +0.071% → +0.017%
- $5.4
- Slippage, 4 orders
- −$90.03
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$97.47
- Costs to cover
- 1.020%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 5.92 bp | 41.8 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 3.72 bp | 8.4 bp −$8 | 48.1 bp −$481 | 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 | −0.020% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.058% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSshort | +0.0096% | 1h | 0.5911 | +0.071% | $406K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5912 | +0.085% | $21K | $424K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5916 | +0.157% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5912 | +0.085% | $69K | $131K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5911 | +0.068% | $5.2M | $6.4M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5905 | −0.030% | $29K | $329K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5914 | +0.113% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5912 | +0.085% | $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
SunX PONS-USDT
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 | 0.5918 | +0.183% | $64K | $524K | 20x | as long as short |
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.5907 | long leg | $1.6M | $3.2M | 20x | |
| Hyperliquid PONS | +0.0226% | 1h | 0.5914 | +0.111% | $60.0M | $29.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5913 | +0.093% | $368 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0431% | 4h | 0.5910 | +0.051% | $13.4M | $55.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0486% | 4h | 0.5916 | +0.150% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0596% | 4h | 0.5914 | +0.119% | $7.5M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0597% | 4h | 0.5914 | +0.119% | $37.4M | $98.5M | 20x | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.5910 | +0.055% | $101K | $811K | 5x | as long as short |
| edgeX PONSUSDC | +0.0619% | 4h | 0.5913 | +0.095% | $20K | $295K | 10x | as long as short |
| Bitget PONSUSDT | +0.0644% | 4h | 0.5920 | +0.215% | $4.7M | $12.2M | 20x | as long as short |
| Variational Omni PONS | +0.0659% | 4h | 0.5914 | +0.126% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0698% | 4h | 0.5916 | +0.157% | $1.6M | $3.8M | 20x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5915 | +0.143% | $45K | $69K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0733% | 1h | 0.5912 | +0.091% | $91K | $1.9M | 3x | as long as short |
| Lighter PONS | +0.0824% | 1h | 0.5915 | +0.132% | $1.7M | $939K | 3x | as long as short |
| BloFin PONS-USDT | +0.0837% | 4h | 0.5911 | +0.068% | $1.7M | $959K | 20x | as long as short |
| BingX PONS-USDT | +0.0926% | 4h | 0.5915 | +0.135% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0968% | 4h | 0.5913 | +0.102% | $17.6M | $31.5M | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5911 | +0.071% | $45K | $121K | 3x | as long as short |
HTX PONS-USDT
Hyperliquid PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
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