Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.065%
Price spread now: Lighter RH against Bitget−0.088%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 7 days+0.104%+$10 · spread now −0.088%, 7d avg −0.009%
=Together, before fees+0.152%+ Points / potential airdropLighter RH: Points live · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.079% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.6046 | 0.0474 | pay 0.0237% / 4h | 24m 05s | $4.6M | $11.5M | 20x |
| Short | Lighter RH PONS | 0.6041 | 0.0448 | get 0.0056% / 1h | 24m 05s | $409K | $2.5M | 3x |
Bitget PONSUSDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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
- −$5.46
- Price spread: −0.088% → −0.009%
- −$7.86
- Slippage, 4 orders
- −$43.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$68.99
- Costs to cover
- 0.557%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter RH: live order book, 4 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 Bitget live order book, 4 min ago | 2.34 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.58 bp | 8.1 bp −$8 | 44.4 bp −$444 | 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 | 0.6027 | −0.306% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.265% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6036 | −0.165% | $20K | $435K | 20x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.6031 | −0.248% | $5.3M | $6.3M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6000 | −0.753% | $34K | $348K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6042 | −0.063% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6046 | +0.003% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6038 | −0.126% | $26K | $533K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6060 | +0.240% | $66K | $512K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6033 | −0.215% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +0.0224% | 1h | 0.6040 | −0.091% | $376 | — | 3x | as long as short |
| Variational Omni PONS | +0.0242% | 4h | 0.6026 | −0.324% | $1.4M | $4.0M | — | as long as short |
| Nado PONS-PERP | +0.0279% | 1h | 0.6036 | −0.157% | $71K | $129K | 5x | as long as short |
| Lighter PONS | +0.0288% | 1h | 0.6041 | −0.088% | $1.7M | $884K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0323% | 4h | 0.6045 | −0.017% | $13.8M | $55.4M | 20x | as long as short |
| Lighter RH PONSshort | +0.0448% | 1h | 0.6041 | −0.088% | $409K | $2.5M | 3x | |
| Bybit PONSUSDT | +0.0461% | 4h | 0.6045 | −0.017% | $18.0M | $30.8M | 20x | as long as short |
| Aster PONSUSDT | +0.0473% | 4h | 0.6043 | −0.055% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDTlong | +0.0474% | 4h | 0.6046 | long leg | $4.6M | $11.5M | 20x | |
| BingX PONS-USDT | +0.0542% | 4h | 0.6048 | +0.033% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0586% | 4h | 0.6038 | −0.132% | $7.7M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0588% | 4h | 0.6012 | −0.559% | $18K | $292K | 10x | as long as short |
| Extended PONS-USD | +0.0600% | 1h | 0.6036 | −0.158% | $108K | $812K | 5x | as long as short |
| Binance PONSUSDT | +0.0601% | 4h | 0.6044 | −0.041% | $39.5M | $95.0M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0654% | 4h | 0.6040 | −0.099% | $1.7M | $3.8M | 20x | as long as short |
| Hyperliquid PONS | +0.0772% | 1h | 0.6043 | −0.048% | $61.8M | $28.2M | 3x | as long as short |
| BloFin PONS-USDT | +0.0827% | 4h | 0.6041 | −0.083% | $1.7M | $956K | 20x | as long as short |
| Pacifica PONS | +0.0859% | 1h | 0.6042 | −0.065% | $48K | $67K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0909% | 1h | 0.6036 | −0.162% | $73K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1736% | 1h | 0.6020 | −0.433% | $31K | $104K | 3x | as long as short |
Aevo PONS-PERP
Variational Omni PONS
Nado PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
Bybit PONSUSDT
Aster PONSUSDT
BingX PONS-USDT
MEXC PONS_USDT
edgeX PONSUSDC
Extended PONS-USD
Binance PONSUSDT
KuCoin PONSUSDTM
Hyperliquid PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS