PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0760%/8h= −83.2% APRnext payment −$0.95 per $10,000 · paid last 24h −0.203%

Price spread now: gTrade (Gains Network) against Lighter−0.196%101s7-day average −0.201% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4,60746.065% of the position

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.376%−$38 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.196%, 7d avg −0.201%

Together, before fees−0.255%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.201%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.5938	0.0792	pay 0.0099% / 1h	29m 35s	$1.7M	$830K	3x
Short	gTrade (Gains Network) PONS/USD	0.5926	L +0.0033% / S −0.0032%	get 0.0004% / 1h	29m 35s	$235K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.196%Rate

Funding earned: −$159.52
Price spread: −0.196% → −0.201%: $0.5
Slippage, 4 orders: −$4,594.51
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,765.53
Costs to cover: 46.065%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; gTrade (Gains Network): virtual book (oracle venue), 14 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, 7 min ago	4.56 bp	5.9 bp −$6	16.0 bp −$160	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 14 min ago	130.01 bp	2471.3 bp −$2,471	doesn't fit	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/USDshort	L +0.0033% / S −0.0032%	1h	0.5926	−0.196%	$235K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.532%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5934	−0.071%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5934	−0.066%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5943	+0.091%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5930	−0.133%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5929	−0.143%	$29K	$315K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5934	−0.061%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5937	−0.024%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5939	+0.027%	$65K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5930	−0.133%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0196%	1h	0.5928	−0.167%	$60.2M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5937	−0.012%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0401%	4h	0.5929	−0.150%	$13.4M	$55.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0459%	1h	0.5931	−0.113%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0462%	4h	0.5936	−0.033%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0516%	4h	0.5938	+0.002%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0518%	4h	0.5933	−0.083%	$37.3M	$98.4M	20x	as long as short
Extended PONS-USD	+0.0520%	1h	0.5939	+0.011%	$101K	$811K	5x	as long as short
Gate PONS_USDT	+0.0520%	4h	0.5934	−0.066%	$5.3M	$6.3M	20x	as long as short
edgeX PONSUSDC	+0.0532%	4h	0.5934	−0.065%	$20K	$293K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5936	−0.028%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0575%	4h	0.5930	−0.125%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0624%	4h	0.5938	+0.008%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0678%	4h	0.5935	−0.042%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0706%	4h	0.5935	−0.049%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0723%	4h	0.5934	−0.066%	$17.6M	$31.3M	20x	as long as short
BloFin PONS-USDT	+0.0761%	4h	0.5929	−0.150%	$1.6M	$945K	20x	as long as short
Lighter PONSlong	+0.0792%	1h	0.5938	long leg	$1.7M	$830K	3x
Phoenix PONS	+0.1472%	1h	0.5936	−0.030%	$45K	$127K	3x	as long as short