Funding you earn now, next payment 06:00 UTC−0.0738%/8h= −80.8% APRpaid last 24h −0.036%
Price spread now: Lighter RH against BloFin0.000%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days−0.537%−$54 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now 0.000%, 7d avg −0.010%
=Together, before fees−0.770%+ Points / potential airdropLighter RH: Points live · farm board−$77 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PONS-USDT | 0.5909 | 0.0834 | pay 0.0417% / 4h | 2h 02m | $1.7M | $958K | 20x |
| Short | Lighter RH PONS | 0.5909 | 0.0096 | get 0.0012% / 1h | 2m 48s | $406K | $2.6M | 3x |
BloFin PONS-USDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against BloFin. 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
- −$154.93
- Price spread: 0.000% → −0.010%
- $1.05
- Slippage, 4 orders
- −$37.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$202.98
- Costs to cover
- 0.491%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Lighter RH: live order book, 5 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 BloFin live order book, 5 min ago | 6.76 bp | 14.8 bp −$15 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 3.72 bp | 8.4 bp −$8 | 48.1 bp −$481 | 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 | 0.5897 | −0.201% | $234K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.024% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSshort | +0.0096% | 1h | 0.5909 | 0.000% | $406K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5906 | −0.051% | $21K | $424K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5911 | +0.027% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5903 | −0.103% | $69K | $131K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5905 | −0.071% | $29K | $329K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5906 | −0.059% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5909 | +0.008% | $25K | $585K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5902 | −0.118% | $64K | $525K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
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 | 0.5906 | −0.051% | $1.6M | $3.2M | 20x | as long as short |
| Gate PONS_USDT | +0.0106% | 4h | 0.5909 | 0.000% | $5.2M | $6.4M | 20x | as long as short |
| Hyperliquid PONS | +0.0231% | 1h | 0.5911 | +0.041% | $60.0M | $29.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5907 | −0.025% | $368 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0423% | 4h | 0.5909 | 0.000% | $13.4M | $55.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0480% | 4h | 0.5909 | −0.001% | $1.1M | $2.2M | 20x | as long as short |
| Extended PONS-USD | +0.0592% | 1h | 0.5910 | +0.021% | $101K | $811K | 5x | as long as short |
| MEXC PONS_USDT | +0.0592% | 4h | 0.5913 | +0.068% | $7.5M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0594% | 4h | 0.5909 | 0.000% | $37.4M | $98.5M | 20x | as long as short |
| edgeX PONSUSDC | +0.0602% | 4h | 0.5913 | +0.069% | $20K | $295K | 10x | as long as short |
| Bitget PONSUSDT | +0.0642% | 4h | 0.5915 | +0.095% | $4.7M | $12.3M | 20x | as long as short |
| Variational Omni PONS | +0.0659% | 4h | 0.5914 | +0.092% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0686% | 4h | 0.5910 | +0.012% | $1.6M | $3.8M | 20x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5904 | −0.093% | $45K | $69K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0736% | 1h | 0.5905 | −0.063% | $87K | $1.9M | 3x | as long as short |
| Lighter PONS | +0.0824% | 1h | 0.5912 | +0.049% | $1.6M | $941K | 3x | as long as short |
| BloFin PONS-USDTlong | +0.0834% | 4h | 0.5909 | long leg | $1.7M | $958K | 20x | |
| BingX PONS-USDT | +0.0904% | 4h | 0.5911 | +0.034% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0933% | 4h | 0.5909 | 0.000% | $17.6M | $31.5M | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5914 | +0.090% | $45K | $121K | 3x | as long as short |
Phemex PONSUSDT
Gate PONS_USDT
Hyperliquid PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Aster PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Bitget PONSUSDT
Variational Omni PONS
KuCoin PONSUSDTM
Pacifica PONS
Polymarket Perps PONS-USD
Lighter PONS
BingX PONS-USDT
Bybit PONSUSDT
Phoenix PONS