Funding you earn now, next payment 23:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.288%
Price spread now: SunX against Lighter−0.017%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$355as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2642.644% of the position
Funding, last 7 days−0.908%−$91 on $10k
+Price spread, last 3 days (all we have)+0.313%+$31 · spread now −0.017%, 7d avg −0.014%
=Together, before fees−0.595%+ Points / potential airdropLighter: Season 3 · farm board−$60 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.6002 | 0.0632 | pay 0.0079% / 1h | 7m 18s | $1.7M | $1.0M | 3x |
| Short | SunX PONS-USDT | 0.6001 | 0.0100 | get 0.0050% / 4h | 1h 07m | — | $1.4M | 10x |
Lighter PONS
SunX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Lighter. 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
- −$111.72
- Price spread: −0.017% → −0.014%
- −$0.28
- Slippage, 4 orders
- −$256.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$376.38
- Costs to cover
- 2.644%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; SunX: live order book, 7 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, 4 min ago | 4.68 bp | 5.3 bp −$5 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 105.57 bp | 125.7 bp −$126 | 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/USD | L +0.0033% / S −0.0036% | 1h | 0.5991 | −0.185% | $226K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.540% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6002 | +0.002% | $21K | $439K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6002 | +0.002% | $18.0M | $31.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6003 | +0.018% | $13.5M | $56.5M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.6004 | +0.032% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.6004 | +0.037% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5976 | −0.428% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5995 | −0.112% | $35K | $354K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6008 | +0.100% | $3K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDTshort | +0.0100% | 4h | 0.6001 | −0.017% | — | $1.4M | 10x | |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6001 | −0.017% | $27K | $545K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6013 | +0.182% | $64K | $506K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6002 | +0.002% | $1.7M | $3.3M | 20x | as long as short |
| Aster PONSUSDT | +0.0123% | 4h | 0.5999 | −0.055% | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.6001 | −0.007% | $374 | — | 3x | as long as short |
| MEXC PONS_USDT | +0.0178% | 4h | 0.6003 | +0.018% | $7.8M | $4.9M | 20x | as long as short |
| BingX PONS-USDT | +0.0182% | 4h | 0.5997 | −0.082% | — | $3.1M | — | as long as short |
| Extended PONS-USD | +0.0184% | 1h | 0.6002 | −0.002% | $248K | $667K | 5x | as long as short |
| Binance PONSUSDT | +0.0184% | 4h | 0.6007 | +0.081% | $39.1M | $97.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0202% | 4h | 0.5981 | −0.352% | $21K | $292K | 10x | as long as short |
| Nado PONS-PERP | +0.0204% | 1h | 0.5999 | −0.041% | $91K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0256% | 1h | 0.6002 | 0.000% | $424K | $2.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0424% | 4h | 0.6001 | −0.015% | $1.7M | $981K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5996 | −0.102% | $47K | $96K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0483% | 1h | 0.6001 | −0.022% | $37K | $1.7M | 3x | as long as short |
| Lighter PONSlong | +0.0632% | 1h | 0.6002 | long leg | $1.7M | $1.0M | 3x | |
| Hyperliquid PONS | +0.0682% | 1h | 0.6000 | −0.027% | $60.7M | $30.1M | 3x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5978 | −0.403% | $30K | $96K | 3x | as long as short |
| Gate PONS_USDT | +0.1522% | 4h | 0.5995 | −0.115% | $5.2M | $6.5M | 20x | as long as short |
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aster PONSUSDT
Aevo PONS-PERP
MEXC PONS_USDT
BingX PONS-USDT
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
Nado PONS-PERP
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT