Funding you earn now, next payment 12:00 UTC+0.0600%/8h= +65.7% APRnext payment +$0.75 per $10,000 · paid last 24h +0.149%
Price spread now: Lighter against Aevo+1.378%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 1.378% dearer against Aevo than usual: you sell high and buy low: +$138 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PONS-PERP | 0.6237 | 0.0216 | pay 0.0027% / 1h | 47m 30s | $389 | — | 3x |
| Short | Lighter PONS | 0.6323 | 0.0816 | get 0.0102% / 1h | 47m 30s | $1.8M | $848K | 3x |
Aevo PONS-PERP
Lighter PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aevo. 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
- $126
- Price spread: +1.378% → 0.000%
- $137.76
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $247.76
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 2 min ago | 5.48 bp | 14.4 bp −$14 | 22.9 bp −$229 | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PONS on 30 exchanges
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 +0.0031% / S −0.0029% | 1h | 0.6306 | +1.104% | $248K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | −4.786% | $610 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6331 | +1.507% | $22K | $396K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6324 | +1.395% | $77K | $92K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6313 | +1.214% | $31K | $286K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6318 | +1.294% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6323 | +1.378% | — | $826K | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6319 | +1.307% | $27K | $595K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6302 | +1.038% | $65K | $549K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6319 | +1.315% | $1.7M | $3.2M | 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
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERPlong | +0.0216% | 1h | 0.6237 | long leg | $389 | — | 3x | |
| OKX PONS-USDT-SWAP | +0.0261% | 4h | 0.6328 | +1.459% | $14.0M | $59.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0414% | 4h | 0.6326 | +1.425% | $1.2M | $2.1M | 20x | as long as short |
| Hyperliquid PONS | +0.0439% | 1h | 0.6319 | +1.310% | $64.6M | $29.4M | 3x | as long as short |
| Lighter RH PONS | +0.0448% | 1h | 0.6321 | +1.339% | $459K | $2.6M | 3x | as long as short |
| Pacifica PONS | +0.0517% | 1h | 0.6322 | +1.359% | $46K | $73K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0524% | 4h | 0.6322 | +1.368% | $1.8M | $4.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.0542% | 4h | 0.6323 | +1.379% | $7.7M | $4.5M | 20x | as long as short |
| Extended PONS-USD | +0.0544% | 1h | 0.6327 | +1.437% | $182K | $849K | 5x | as long as short |
| Binance PONSUSDT | +0.0551% | 4h | 0.6332 | +1.523% | $40.8M | $98.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.0567% | 4h | 0.6300 | +1.014% | $18K | $296K | 10x | as long as short |
| Variational Omni PONS | +0.0573% | 4h | 0.6319 | +1.312% | $1.5M | $3.8M | — | as long as short |
| Gate PONS_USDT | +0.0594% | 4h | 0.6314 | +1.235% | $5.4M | $6.5M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0606% | 1h | 0.6317 | +1.286% | $103K | $2.0M | 3x | as long as short |
| Bitget PONSUSDT | +0.0682% | 4h | 0.6327 | +1.440% | $5.0M | $13.1M | 20x | as long as short |
| BingX PONS-USDT | +0.0700% | 4h | 0.6320 | +1.331% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.0756% | 4h | 0.6332 | +1.523% | $19.0M | $31.4M | 20x | as long as short |
| BloFin PONS-USDT | +0.0790% | 4h | 0.6295 | +0.930% | $1.8M | $1.1M | 20x | as long as short |
| Lighter PONSshort | +0.0816% | 1h | 0.6323 | +1.378% | $1.8M | $848K | 3x | |
| Phoenix PONS | +0.1439% | 1h | 0.6328 | +1.453% | $48K | $153K | 3x | as long as short |
OKX PONS-USDT-SWAP
Aster PONSUSDT
Hyperliquid PONS
Lighter RH PONS
Pacifica PONS
KuCoin PONSUSDTM
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
Variational Omni PONS
Gate PONS_USDT
Polymarket Perps PONS-USD
Bitget PONSUSDT
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Phoenix PONS