Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.186%
Price spread now: Lighter RH against HTX−0.088%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$341as in the Price arb table
costs, in and out, $10k−$3333.329% of the position
Funding, last 7 days+0.441%+$44 on $10k
+Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.088%, 7d avg −0.003%
=Together, before fees+0.542%+ Points / potential airdropLighter RH: Points live · farm board+$54 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 0.085% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PONS-USDT | 0.6107 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $65K | $510K | 20x |
| Short | Lighter RH PONS | 0.6102 | 0.0096 | get 0.0012% / 1h | 30m 04s | $432K | $2.6M | 3x |
HTX PONS-USDT
Lighter RH PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against HTX. 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: −0.088% → −0.003%
- −$8.51
- Slippage, 4 orders
- −$320.87
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$342.22
- Costs to cover
- 3.329%
- Break-even
- never at this rate
Slippage from HTX: live order book, 43 min ago; Lighter RH: live order book, 3 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 HTX live order book, 43 min ago | 27.26 bp | 152.5 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.90 bp | 10.5 bp −$11 | 50.9 bp −$509 | 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 −0.0033% | 1h | 0.6093 | −0.238% | $241K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.256% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSshort | +0.0096% | 1h | 0.6102 | −0.088% | $432K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6101 | −0.103% | $20K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6105 | −0.045% | $1.4M | $4.1M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6102 | −0.087% | $33K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6109 | +0.034% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6102 | −0.079% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6101 | −0.095% | $28K | $547K | 3x | as long as short |
| HTX PONS-USDTlong | +0.0100% | 4h | 0.6107 | long leg | $65K | $510K | 20x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6094 | −0.218% | $1.7M | $3.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0165% | 4h | 0.6107 | −0.005% | $13.9M | $57.1M | 20x | as long as short |
| Aevo PONS-PERP | +0.0168% | 1h | 0.6104 | −0.054% | $380 | — | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0182% | 4h | 0.6101 | −0.100% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0232% | 4h | 0.6111 | +0.069% | $4.8M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0258% | 4h | 0.6105 | −0.034% | $1.1M | $2.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.0348% | 4h | 0.6104 | −0.054% | $8.0M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0350% | 4h | 0.6075 | −0.523% | $21K | $294K | 10x | as long as short |
| Binance PONSUSDT | +0.0350% | 4h | 0.6107 | −0.008% | $40.0M | $96.8M | 20x | as long as short |
| Extended PONS-USD | +0.0352% | 1h | 0.6106 | −0.029% | $252K | $679K | 5x | as long as short |
| Lighter PONS | +0.0472% | 1h | 0.6102 | −0.088% | $1.7M | $911K | 3x | as long as short |
| BloFin PONS-USDT | +0.0590% | 4h | 0.6105 | −0.038% | $1.8M | $1.0M | 20x | as long as short |
| Nado PONS-PERP | +0.0605% | 1h | 0.6100 | −0.120% | $105K | $115K | 5x | as long as short |
| Bybit PONSUSDT | +0.0660% | 4h | 0.6106 | −0.021% | $18.3M | $30.9M | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6101 | −0.096% | $48K | $87K | 3x | as long as short |
| BingX PONS-USDT | +0.0682% | 4h | 0.6110 | +0.044% | — | $3.1M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0757% | 1h | 0.6101 | −0.100% | $44K | $1.6M | 3x | as long as short |
| Gate PONS_USDT | +0.0898% | 4h | 0.6102 | −0.087% | $5.3M | $6.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0899% | 1h | 0.6109 | +0.028% | $62.1M | $29.2M | 3x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6077 | −0.490% | $31K | $113K | 3x | as long as short |
Phemex PONSUSDT
OKX PONS-USDT-SWAP
Aevo PONS-PERP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Binance PONSUSDT
Extended PONS-USD
Lighter PONS
BloFin PONS-USDT
Nado PONS-PERP
Bybit PONSUSDT
Pacifica PONS
BingX PONS-USDT
Polymarket Perps PONS-USD
Gate PONS_USDT
Hyperliquid PONS
Phoenix PONS