PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.102%

Price spread now: Extended against Lighter−0.143%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.347%−$35 on $10k

Price spread, last 4 days (all we have)+0.255%+$25 · spread now −0.143%, 7d avg −0.070%

Together, before fees−0.093%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.074% cheaper against Lighter than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.070%). If the spread goes back, that is −$7 on $10k: about 3.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.347%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.6040	0.0560	pay 0.0070% / 1h	27m 29s	$1.7M	$892K	3x
Short	Extended PONS-USD	0.6031	0.0632	get 0.0079% / 1h	27m 29s	$108K	$808K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.143%Rate

Funding earned: $15.12
Price spread: −0.143% → −0.070%: −$7.36
Slippage, 4 orders: −$56.76
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$54.01
Costs to cover: 0.618%
Break-even: 32.0 days

Slippage from Lighter: live order book, 9 min ago; Extended: live order book, 25 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 Lighter live order book, 9 min ago	2.24 bp	2.6 bp −$3	31.9 bp −$319	doesn't fit	doesn't fit
Sell Extended live order book, 25 min ago	12.86 bp	28.2 bp −$28	153.4 bp −$1,534	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	0.6021	−0.311%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.166%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6032	−0.131%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6033	−0.114%	$70K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.030%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6028	−0.189%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6045	+0.076%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6043	+0.053%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6060	+0.334%	$66K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6039	−0.015%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0224%	1h	0.6039	−0.013%	$412K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6035	−0.089%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0360%	4h	0.6026	−0.230%	$13.7M	$55.2M	20x	as long as short
Variational Omni PONS	+0.0427%	4h	0.6045	+0.092%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0489%	1h	0.6031	−0.149%	$61.7M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0531%	4h	0.6035	−0.078%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0534%	4h	0.6033	−0.113%	$4.6M	$11.5M	20x	as long as short
Lighter PONSlong	+0.0560%	1h	0.6040	long leg	$1.7M	$892K	3x
Extended PONS-USDshort	+0.0632%	1h	0.6031	−0.143%	$108K	$808K	5x
MEXC PONS_USDT	+0.0632%	4h	0.6033	−0.114%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0635%	4h	0.6031	−0.147%	$39.4M	$94.3M	20x	as long as short
edgeX PONSUSDC	+0.0641%	4h	0.6040	+0.002%	$18K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0697%	1h	0.6029	−0.172%	$72K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0754%	4h	0.6034	−0.103%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0874%	4h	0.6039	−0.015%	$1.7M	$968K	20x	as long as short
BingX PONS-USDT	+0.0944%	4h	0.6032	−0.131%	—	$2.9M	—	as long as short
Pacifica PONS	+0.1081%	1h	0.6041	+0.019%	$47K	$68K	3x	as long as short
Bybit PONSUSDT	+0.1111%	4h	0.6028	−0.197%	$18.1M	$30.5M	20x	as long as short
Gate PONS_USDT	+0.1172%	4h	0.6028	−0.197%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6044	+0.061%	$46K	$109K	3x	as long as short