PONS funding rate on Lighter

Funding APR
-11.39%
-0.0013% / 1h
Interval
1h
next 15:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
14
listing this pair

Over the last 30 days, PONS funding on Lighter averaged +34.3% APR and stayed positive 85.3% of the time, ranging from -236.4% to +319.3%. Right now it pays shorts pay longs at -11.4% APR, settled every 1h across 14 venues we track. The most reliable delta-neutral pairing for PONS right now is long Nado / short Kraken at +10.3% net APR (low risk, ~6.7d to break even).

as of 2026-10-19 14:27 UTC

PONS funding history on Lighterlast 30d

30d average
+34.28%
Range
-236% / 319%
% positive
85.3%
Volatility
64.1
Best delta-neutral pairing
Long Nado / Short Kraken
+10.3% net APR
Backtested (30d)
+81.9%
Stability
96.5%
Risk
low
Breakeven
~6.7d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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How PONS funding compares across venues

ExchangeFunding APR
Extended+11.39%
Hyperliquid+10.95%
Pacifica+10.95%
Variational+10.95%
PopDEX+10.95%
Aster+10.95%
TxFlow+10.95%
SoDEX+10.95%
Lighter RH+10.51%
Kraken-7.05%
Arcus-10.16%
Polymarket-10.23%
Lighter-11.39%
Nado-27.17%

Frequently asked

What is the current PONS funding rate on Lighter?

PONS on Lighter is funding at -11.39% APR (-0.0013% every 1h), paid shorts pay longs, as of 2026-10-19 14:27 UTC.

How often does Lighter pay funding on PONS?

Every 1 hour.

How do I earn PONS funding without price risk?

Open a delta-neutral position: long Nado and short Kraken, currently 10.3% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy