PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0528%/8h= +57.8% APRnext payment +$0.66 per $10,000 · paid last 24h +0.289%

Price spread now: Lighter against Popdex−0.022%7-day average +0.039% · 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−$194as in the Price arb table

costs, in and out, $10k−$1881.876% of the position

Long on Popdex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.745%+$75 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.022%, 7d avg +0.039%

Together, before fees+0.593%+ Points / potential airdropLighter: Season 3 · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.060% cheaper against Popdex than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.039%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.5991	0.0096	pay 0.0012% / 1h	8m 13s	$21K	$440K	20x
Short	Lighter PONS	0.5990	0.0624	get 0.0078% / 1h	8m 13s	$1.7M	$1.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Popdex. 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 PopdexbpFee LighterbpOrdersPrice spread, now −0.022%Rate

Funding earned: $110.88
Price spread: −0.022% → +0.039%: −$6.04
Slippage, 4 orders: −$181.21
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$82.77
Costs to cover: 1.876%
Break-even: 12.2 days

Slippage from Popdex: live order book, 11 min ago; Lighter: live order book, 3 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 Popdex live order book, 11 min ago	10.77 bp	85.9 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 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	−0.153%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.359%	$614	$10K	5.5x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.5991	long leg	$21K	$440K	20x
Bybit PONSUSDT	+0.0100%	4h	0.5985	−0.100%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5990	−0.017%	$13.5M	$56.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5989	−0.032%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5996	+0.085%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5976	−0.247%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5991	+0.008%	$35K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5996	+0.075%	$3K	$3K	10x	as long as short

Show 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	+0.108%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5988	−0.055%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5996	+0.087%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5987	−0.067%	$1.7M	$3.3M	20x	as long as short
Aster PONSUSDT	+0.0123%	4h	0.5988	−0.047%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5991	0.000%	$373	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5991	−0.004%	$248K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0178%	4h	0.5990	−0.017%	$7.8M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0179%	4h	0.5991	−0.007%	$39.0M	$97.8M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5991	0.000%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0202%	4h	0.5981	−0.171%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0207%	1h	0.5991	0.000%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0256%	1h	0.5989	−0.025%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0419%	4h	0.5988	−0.050%	$1.7M	$979K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5995	+0.072%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0483%	1h	0.5989	−0.028%	$37K	$1.7M	3x	as long as short
Lighter PONSshort	+0.0624%	1h	0.5990	−0.022%	$1.7M	$1.0M	3x
Hyperliquid PONS	+0.0680%	1h	0.5997	+0.093%	$60.7M	$30.1M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5978	−0.222%	$30K	$96K	3x	as long as short
Gate PONS_USDT	+0.1512%	4h	0.5985	−0.100%	$5.2M	$6.5M	20x	as long as short