Funding you earn now, next payment 07:00 UTC+0.0780%/8h= +85.4% APRnext payment +$0.97 per $10,000 · paid last 24h +0.184%
Price spread now: Lighter against SoDEX+0.035%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1531.525% of the position
Funding, last 3 days (all we have)+0.776%+$78 on $10k
+Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.035%, 7d avg +0.054%
=Together, before fees+0.507%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PONS-USD | 0.5920 | 0.0100 | pay 0.0013% / 1h | 15m 37s | $26K | $583K | 3x |
| Short | Lighter PONS | 0.5923 | 0.0880 | get 0.0110% / 1h | 15m 37s | $1.6M | $832K | 3x |
SoDEX PONS-USD
Lighter PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- $163.8
- Price spread: +0.035% → +0.054%
- −$1.9
- Slippage, 4 orders
- −$144.54
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $9.37
- Costs to cover
- 1.525%
- Break-even
- 6.6 days
Slippage from SoDEX: live order book, 28 min ago; Lighter: live order book, 11 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 SoDEX live order book, 28 min ago | 1.69 bp | 66.2 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 6.22 bp | 11.8 bp −$12 | 29.5 bp −$295 | 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 | 0.5911 | −0.161% | $242K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.829% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5919 | −0.022% | $413K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5921 | +0.010% | $22K | $420K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5927 | +0.110% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5921 | +0.010% | $69K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5918 | −0.035% | $29K | $314K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5922 | +0.022% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USDlong | +0.0100% | 1h | 0.5920 | long leg | $26K | $583K | 3x | |
| HTX PONS-USDT | +0.0100% | 4h | 0.5924 | +0.061% | $65K | $525K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
ApeX Omni PONSUSDT
SunX PONS-USDT
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5913 | −0.125% | $1.6M | $3.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0194% | 1h | 0.5921 | +0.005% | $60.1M | $29.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0200% | 1h | 0.5920 | −0.006% | $369 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0400% | 4h | 0.5919 | −0.024% | $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 | 0.5921 | +0.010% | $7.5M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0488% | 1h | 0.5920 | −0.009% | $101K | $808K | 5x | as long as short |
| Binance PONSUSDT | +0.0489% | 4h | 0.5922 | +0.027% | $37.3M | $98.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.0508% | 4h | 0.5922 | +0.023% | $20K | $293K | 10x | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5919 | −0.018% | $45K | $68K | 3x | as long as short |
| Variational Omni PONS | +0.0570% | 4h | 0.5916 | −0.066% | $1.4M | $4.1M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0574% | 1h | 0.5924 | +0.068% | $91K | $1.9M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0604% | 4h | 0.5920 | −0.007% | $1.6M | $3.8M | 20x | as long as short |
| Bitget PONSUSDT | +0.0676% | 4h | 0.5921 | +0.017% | $4.7M | $12.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0680% | 4h | 0.5916 | −0.074% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0711% | 4h | 0.5919 | −0.024% | $17.5M | $31.3M | 20x | as long as short |
| BloFin PONS-USDT | +0.0726% | 4h | 0.5929 | +0.145% | $1.7M | $944K | 20x | as long as short |
| Gate PONS_USDT | +0.0826% | 4h | 0.5917 | −0.057% | $5.3M | $6.3M | 20x | as long as short |
| Lighter PONSshort | +0.0880% | 1h | 0.5923 | +0.035% | $1.6M | $832K | 3x | |
| Phoenix PONS | +0.1472% | 1h | 0.5928 | +0.122% | $45K | $127K | 3x | as long as short |
Phemex PONSUSDT
Hyperliquid PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Aster PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
Pacifica PONS
Variational Omni PONS
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
Bitget PONSUSDT
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Gate PONS_USDT
Phoenix PONS