PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0399%/8h= −43.7% APRnext payment −$0.50 per $10,000 · paid last 24h −0.280%

Price spread now: Injective against Lighter−1.837%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Injective is 1.837% cheaper against Lighter than usual: you would sell low and buy high (−$184 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.6081	0.0432	pay 0.0054% / 1h	34m 43s	$1.7M	$896K	3x
Short	Injective PONS/USDC PERP	0.5969	0.0033	get 0.0004% / 1h	34m 43s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.837%Rate

Funding earned: −$83.72
Price spread: −1.837% → 0.000%: −$183.68
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$267.42
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 2 min ago; Injective: 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, 2 min ago	2.71 bp	3.5 bp −$4	13.1 bp −$131	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 +0.0033% / S −0.0033%	1h	0.6068	−0.220%	$240K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5969	−1.837%	$614	$10K	5.5x
Lighter RH PONS	+0.0096%	1h	0.6077	−0.064%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6077	−0.069%	$20K	$416K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6077	−0.068%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6090	+0.138%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6083	+0.025%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6079	−0.036%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6076	−0.094%	$28K	$552K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6091	+0.164%	$65K	$510K	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	0.6078	−0.053%	$1.7M	$3.2M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0139%	4h	0.6080	−0.020%	$13.8M	$56.9M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6078	−0.061%	$379	—	3x	as long as short
KuCoin PONSUSDTM	+0.0172%	4h	0.6075	−0.100%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0216%	4h	0.6084	+0.049%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0228%	4h	0.6075	−0.110%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0338%	4h	0.6077	−0.066%	$39.8M	$97.0M	20x	as long as short
MEXC PONS_USDT	+0.0342%	4h	0.6078	−0.053%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0344%	1h	0.6075	−0.104%	$252K	$683K	5x	as long as short
edgeX PONSUSDC	+0.0350%	4h	0.6084	+0.046%	$21K	$293K	10x	as long as short
Lighter PONSlong	+0.0432%	1h	0.6081	long leg	$1.7M	$896K	3x
BloFin PONS-USDT	+0.0583%	4h	0.6080	−0.020%	$1.7M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0594%	1h	0.6075	−0.102%	$105K	$115K	5x	as long as short
BingX PONS-USDT	+0.0628%	4h	0.6087	+0.095%	—	$3.1M	—	as long as short
Pacifica PONS	+0.0665%	1h	0.6079	−0.035%	$48K	$87K	3x	as long as short
Bybit PONSUSDT	+0.0674%	4h	0.6078	−0.053%	$18.2M	$31.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0745%	1h	0.6076	−0.090%	$44K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0816%	4h	0.6075	−0.102%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0911%	1h	0.6077	−0.062%	$61.8M	$29.2M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6083	+0.038%	$31K	$113K	3x	as long as short