PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0840%/8h= −92.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.263%

Price spread now: Aevo against Lighter+0.184%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Aevo is 0.184% dearer against Lighter than usual: you sell high and buy low (spread +0.184% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.5877	0.0960	pay 0.0120% / 1h	7m 41s	$1.7M	$900K	3x
Short	Aevo PONS-PERP	0.5887	0.0120	get 0.0015% / 1h	7m 41s	$367	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee AevobpOrdersPrice spread, now +0.184%Rate

Funding earned: −$176.4
Price spread: +0.184% → 0.000%: $18.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$174.02
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Lighter: live order book, 9 min ago; Aevo: no order-book sample. 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 Lighter live order book, 9 min ago	4.90 bp	7.3 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 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 +0.0032% / S −0.0034%	1h	0.5881	+0.079%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.730%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5888	+0.192%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5864	−0.216%	$17.5M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5865	−0.199%	$13.3M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5869	−0.131%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5866	−0.185%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5875	−0.031%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5885	+0.133%	$34K	$337K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5892	+0.264%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5893	+0.271%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5885	+0.146%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5896	+0.320%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5873	−0.063%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERPshort	+0.0120%	1h	0.5887	+0.184%	$367	—	3x
Nado PONS-PERP	+0.0122%	1h	0.5888	+0.186%	$89K	$103K	5x	as long as short
Aster PONSUSDT	+0.0159%	4h	0.5870	−0.117%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0167%	4h	0.5868	−0.148%	$38.1M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5865	−0.196%	$105K	$533K	5x	as long as short
MEXC PONS_USDT	+0.0168%	4h	0.5868	−0.148%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0180%	4h	0.5862	−0.250%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0193%	4h	0.5883	+0.109%	$21K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0370%	1h	0.5888	+0.194%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0410%	4h	0.5880	+0.056%	$1.7M	$963K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5870	−0.111%	$47K	$103K	3x	as long as short
Lighter RH PONS	+0.0504%	1h	0.5874	−0.046%	$416K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0511%	1h	0.5875	−0.029%	$58.9M	$30.0M	3x	as long as short
Gate PONS_USDT	+0.0734%	4h	0.5867	−0.165%	$5.1M	$6.8M	20x	as long as short
Lighter PONSlong	+0.0960%	1h	0.5877	long leg	$1.7M	$900K	3x
Phoenix PONS	+0.1275%	1h	0.5887	+0.182%	$30K	$86K	3x	as long as short