data as of
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Funding arb /

PONS

all PONS markets
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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−0.0096%/8h
next payment, per $10,000−$0.12paid, last 24h+0.081%paid, last 7 days+0.033%to open and close $10k−$31
Long on Polymarket PerpsShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps PONS-USD0.63840.0496pay 0.0062% / 1h33m 22s$64K$1.7M3x
ShortLighter RH PONS0.63920.0400get 0.0050% / 1h33m 22s$447K$2.2M3x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$20.24
Slippage, 4 orders
−$22.69
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$50.94
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 2 min ago; Lighter RH: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.132%
Avg gap 7d
+0.060%
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 Polymarket Perps live order book, 2 min ago2.03 bp6.6 bp −$77.0 bp −$70doesn't fitdoesn't fit
Sell Lighter RH live order book, 1 min ago4.07 bp9.4 bp −$952.9 bp −$529doesn'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$317K5xas 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$462K3xas long as short
HTX PONS-USDT+0.0100%4h$67K$491K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.8M$3.4M20xas long as short
OKX PONS-USDT-SWAP+0.0198%4h$15.2M$56.8M20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aevo PONS-PERP+0.0256%1h$398—3xas long as short
Lighter RH PONSshort+0.0400%1h$447K$2.2M3x
Aster PONSUSDT+0.0435%4h$1.1M$2.2M20xas long as short
Nado PONS-PERP+0.0454%1h$117K$67K5xas long as short
Polymarket Perps PONS-USDlong+0.0496%1h$64K$1.7M3x
Variational Omni PONS+0.0500%4h$1.8M$3.3M—as long as short
KuCoin PONSUSDTM+0.0576%4h$2.3M$2.1M20xas long as short
Bybit PONSUSDT+0.0638%4h$20.4M$26.1M20xas long as short
BingX PONS-USDT+0.0678%4h—$2.9M—as long as short
Binance PONSUSDT+0.0687%4h$42.9M$92.6M20xas long as short
Bitget PONSUSDT+0.0692%4h$5.1M$10.4M20xas long as short
Extended PONS-USD+0.0696%1h$162K$463K5xas long as short
MEXC PONS_USDT+0.0698%4h$8.1M$4.9M20xas long as short
edgeX PONSUSDC+0.0701%4h$22K$288K10xas long as short
Pacifica PONS+0.0858%1h$49K$166K3xas long as short
Lighter PONS+0.0864%1h$1.8M$729K3xas long as short
BloFin PONS-USDT+0.0926%4h$1.9M$915K20xas long as short
Hyperliquid PONS+0.0979%1h$64.8M$25.3M3xas long as short
Gate PONS_USDT+0.0980%4h$5.7M$7.1M20xas long as short
Phoenix PONS+0.1767%1h$26K$45K3xas long as short