Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.141%
Price spread now: Lighter RH against SoDEX−0.049%7-day average +0.025% · 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−$162as in the Price arb table
costs, in and out, $10k−$1551.549% of the position
Funding, last 3 days (all we have)+0.409%+$41 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now −0.049%, 7d avg +0.025%
=Together, before fees+0.218%+ Points / potential airdropLighter RH: Points live · farm board+$22 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 0.074% cheaper against SoDEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.025%.
| 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 | 7m 16s | $26K | $542K | 3x |
| Short | Lighter RH PONS | 0.5917 | 0.0096 | get 0.0012% / 1h | 7m 16s | $417K | $2.6M | 3x |
SoDEX PONS-USD
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$0.84
- Price spread: −0.049% → +0.025%
- −$7.41
- Slippage, 4 orders
- −$146.93
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$163.18
- Costs to cover
- 1.549%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 46 min ago; Lighter RH: live order book, 1 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, 46 min ago | 0.99 bp | 68.2 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 5.74 bp | 12.8 bp −$13 | 68.2 bp −$682 | 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 | 0.5910 | −0.162% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.836% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSshort | +0.0096% | 1h | 0.5917 | −0.049% | $417K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5924 | +0.068% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5925 | +0.077% | $69K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5905 | −0.258% | $34K | $339K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5911 | −0.152% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5924 | +0.059% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USDlong | +0.0100% | 1h | 0.5920 | long leg | $26K | $542K | 3x | |
| HTX PONS-USDT | +0.0100% | 4h | 0.5938 | +0.302% | $64K | $513K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
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 | 0.5925 | +0.084% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5918 | −0.040% | $369 | — | 3x | as long as short |
| Gate PONS_USDT | +0.0256% | 4h | 0.5915 | −0.084% | $5.2M | $6.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0349% | 4h | 0.5922 | +0.034% | $13.4M | $54.5M | 20x | as long as short |
| Lighter PONS | +0.0432% | 1h | 0.5920 | +0.005% | $1.6M | $895K | 3x | as long as short |
| Variational Omni PONS | +0.0440% | 4h | 0.5911 | −0.145% | $1.4M | $4.0M | — | as long as short |
| Hyperliquid PONS | +0.0476% | 1h | 0.5921 | +0.017% | $60.1M | $28.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0503% | 4h | 0.5918 | −0.025% | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.0536% | 4h | 0.5925 | +0.081% | $4.6M | $11.7M | 20x | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.5922 | +0.042% | $106K | $807K | 5x | as long as short |
| Binance PONSUSDT | +0.0603% | 4h | 0.5922 | +0.034% | $38.7M | $94.6M | 20x | as long as short |
| MEXC PONS_USDT | +0.0604% | 4h | 0.5919 | −0.017% | $7.6M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0621% | 4h | 0.5913 | −0.119% | $18K | $293K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0738% | 1h | 0.5923 | +0.057% | $81K | $1.7M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0750% | 4h | 0.5921 | +0.024% | $1.6M | $3.8M | 20x | as long as short |
| BingX PONS-USDT | +0.0812% | 4h | 0.5923 | +0.051% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0827% | 4h | 0.5920 | 0.000% | $17.7M | $30.9M | 20x | as long as short |
| BloFin PONS-USDT | +0.0843% | 4h | 0.5918 | −0.034% | $1.7M | $942K | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.5920 | −0.003% | $46K | $68K | 3x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.5915 | −0.084% | $45K | $109K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Gate PONS_USDT
OKX PONS-USDT-SWAP
Lighter PONS
Variational Omni PONS
Hyperliquid PONS
Aster PONSUSDT
Bitget PONSUSDT
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Pacifica PONS
Phoenix PONS