PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0143%/8h= −15.7% APRnext payment −$0.18 per $10,000 · paid last 24h −0.189%

Price spread now: gTrade (Gains Network) against Lighter RH−0.308%7-day average −0.172% · 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−$4,619as in the Price arb table

costs, in and out, $10k−$4,60646.055% of the position

Long on Lighter RH Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.247%−$25 on $10k

Price spread, last 3 days (all we have)+0.155%+$16 · spread now −0.308%, 7d avg −0.172%

Together, before fees−0.092%+ Points / potential airdropLighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.136% cheaper against Lighter RH than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.172%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PONS	0.6063	0.0176	pay 0.0022% / 1h	18m 29s	$426K	$2.5M	3x
Short	gTrade (Gains Network) PONS/USD	0.6045	L +0.0033% / S −0.0033%	get 0.0004% / 1h	18m 29s	$239K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter RH. 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 Lighter RHbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.308%Rate

Funding earned: −$30.11
Price spread: −0.308% → −0.172%: −$13.59
Slippage, 4 orders: −$4,593.51
Fee Lighter RH: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,649.21
Costs to cover: 46.055%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 51 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 RH live order book, 5 min ago	3.87 bp	7.8 bp −$8	36.7 bp −$367	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 51 min ago	130.01 bp	2471.0 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6045	−0.308%	$239K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.550%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6069	+0.091%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6066	+0.047%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6067	+0.058%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6061	−0.043%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6060	−0.059%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6055	−0.140%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6058	−0.084%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6052	−0.190%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONSlong	+0.0176%	1h	0.6063	long leg	$426K	$2.5M	3x
Aevo PONS-PERP	+0.0184%	1h	0.6057	−0.105%	$377	—	3x	as long as short
Nado PONS-PERP	+0.0207%	1h	0.6072	+0.140%	$71K	$131K	5x	as long as short
Lighter PONS	+0.0232%	1h	0.6058	−0.091%	$1.7M	$885K	3x	as long as short
KuCoin PONSUSDTM	+0.0236%	4h	0.6056	−0.119%	$1.7M	$3.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0243%	4h	0.6067	+0.058%	$13.9M	$55.2M	20x	as long as short
Bitget PONSUSDT	+0.0322%	4h	0.6071	+0.129%	$4.7M	$11.3M	20x	as long as short
Bybit PONSUSDT	+0.0327%	4h	0.6065	+0.025%	$18.2M	$30.5M	20x	as long as short
BingX PONS-USDT	+0.0398%	4h	0.6070	+0.107%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0398%	4h	0.6055	−0.141%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDT	+0.0420%	4h	0.6060	−0.058%	$7.8M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0420%	4h	0.6068	+0.069%	$21K	$292K	10x	as long as short
Binance PONSUSDT	+0.0421%	4h	0.6071	+0.124%	$39.8M	$94.7M	20x	as long as short
Extended PONS-USD	+0.0424%	1h	0.6066	+0.040%	$250K	$672K	5x	as long as short
Gate PONS_USDT	+0.0632%	4h	0.6061	−0.041%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0684%	1h	0.6057	−0.101%	$61.7M	$28.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0751%	1h	0.6070	+0.102%	$46K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6064	+0.008%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6073	+0.157%	$31K	$107K	3x	as long as short