Funding you earn now, next payment 23:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.288%
Price spread now: Lighter against Phemex+0.150%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$850.855% of the position
Funding, last 7 days+0.892%+$89 on $10k
+Price spread, last 3 days (all we have)−0.404%−$40 · spread now +0.150%, 7d avg +0.054%
=Together, before fees+0.488%+ Points / potential airdropLighter: Season 3 · farm board+$49 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.096% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.5987 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $1.7M | $3.3M | 20x |
| Short | Lighter PONS | 0.5996 | 0.0632 | get 0.0079% / 1h | 7m 45s | $1.7M | $1.0M | 3x |
Phemex PONSUSDT
Lighter PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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: +0.150% → +0.054%
- $9.6
- Slippage, 4 orders
- −$73.47
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $35.85
- Costs to cover
- 0.855%
- Break-even
- 4.8 days
Slippage from Phemex: live order book, 6 min ago; Lighter: live order book, 4 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 Phemex live order book, 6 min ago | 4.18 bp | 36.9 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 4.68 bp | 8.8 bp −$9 | 14.4 bp −$144 | 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 | 0.5982 | −0.086% | $224K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.292% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5991 | +0.067% | $21K | $440K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5992 | +0.084% | $18.0M | $31.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5999 | +0.200% | $13.5M | $56.5M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5997 | +0.159% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5998 | +0.180% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5976 | −0.181% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5991 | +0.075% | $35K | $352K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5996 | +0.142% | $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-USDT | +0.0100% | 4h | 0.5998 | +0.175% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5988 | +0.012% | $27K | $545K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5996 | +0.154% | $64K | $506K | 20x | as long as short |
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.5987 | long leg | $1.7M | $3.3M | 20x | |
| Aster PONSUSDT | +0.0123% | 4h | 0.5990 | +0.054% | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5991 | +0.067% | $373 | — | 3x | as long as short |
| Extended PONS-USD | +0.0176% | 1h | 0.5994 | +0.111% | $248K | $667K | 5x | as long as short |
| MEXC PONS_USDT | +0.0178% | 4h | 0.5995 | +0.134% | $7.8M | $4.9M | 20x | as long as short |
| BingX PONS-USDT | +0.0182% | 4h | 0.5995 | +0.134% | — | $3.1M | — | as long as short |
| Binance PONSUSDT | +0.0184% | 4h | 0.5997 | +0.167% | $39.0M | $97.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0202% | 4h | 0.5981 | −0.104% | $21K | $292K | 10x | as long as short |
| Nado PONS-PERP | +0.0207% | 1h | 0.5991 | +0.067% | $91K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0256% | 1h | 0.5997 | +0.162% | $423K | $2.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0419% | 4h | 0.5988 | +0.017% | $1.7M | $979K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5995 | +0.139% | $47K | $96K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0483% | 1h | 0.5989 | +0.038% | $37K | $1.7M | 3x | as long as short |
| Lighter PONSshort | +0.0632% | 1h | 0.5996 | +0.150% | $1.7M | $1.0M | 3x | |
| Hyperliquid PONS | +0.0681% | 1h | 0.5999 | +0.200% | $60.7M | $30.1M | 3x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5978 | −0.155% | $30K | $96K | 3x | as long as short |
| Gate PONS_USDT | +0.1512% | 4h | 0.5991 | +0.067% | $5.2M | $6.5M | 20x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Aster PONSUSDT
Aevo PONS-PERP
Extended PONS-USD
MEXC PONS_USDT
BingX PONS-USDT
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