PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h −0.021%

Price spread now: Nado against Extended−0.110%7-day average +0.025% · 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−$166as in the Price arb table

costs, in and out, $10k−$1531.526% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.144%−$14 on $10k

Price spread, last 3 days (all we have)+0.312%+$31 · spread now −0.110%, 7d avg +0.025%

Together, before fees+0.168%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.135% cheaper against Extended than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of +0.025%). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.5998	0.0192	pay 0.0024% / 1h	22m 29s	$248K	$667K	5x
Short	Nado PONS-PERP	0.5991	0.0234	get 0.0029% / 1h	22m 29s	$91K	$103K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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 ExtendedbpFee NadobpOrdersPrice spread, now −0.110%Rate

Funding earned: $8.74
Price spread: −0.110% → +0.025%: −$13.48
Slippage, 4 orders: −$147.61
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 0 bp × 2 orders: $0
Net: −$157.35
Costs to cover: 1.526%
Break-even: 133.0 days

Slippage from Extended: live order book, 60 min ago; Nado: live order book, 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 Extended live order book, 60 min ago	9.50 bp	24.7 bp −$25	163.3 bp −$1,633	doesn't fit	doesn't fit
Sell Nado live order book, 51 min ago	16.14 bp	53.0 bp −$53	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 −0.0034%	1h	0.5988	−0.165%	$220K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.468%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5995	−0.043%	$19K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5996	−0.026%	$17.9M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5995	−0.043%	$13.5M	$56.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5996	−0.025%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5994	−0.056%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5961	−0.606%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5994	−0.055%	$35K	$350K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6002	+0.074%	$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	0.5990	−0.118%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5988	−0.168%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6000	+0.034%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5989	−0.143%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5987	−0.177%	$373	—	3x	as long as short
Aster PONSUSDT	+0.0145%	4h	0.5992	−0.087%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0174%	4h	0.5991	−0.107%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5992	−0.093%	—	$3.1M	—	as long as short
Extended PONS-USDlong	+0.0192%	1h	0.5998	long leg	$248K	$667K	5x
MEXC PONS_USDT	+0.0192%	4h	0.5996	−0.026%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0192%	4h	0.5997	−0.010%	$39.0M	$97.8M	20x	as long as short
Nado PONS-PERPshort	+0.0234%	1h	0.5991	−0.110%	$91K	$103K	5x
Lighter RH PONS	+0.0400%	1h	0.5996	−0.031%	$424K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0432%	4h	0.5985	−0.210%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5998	+0.005%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0502%	1h	0.5994	−0.053%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0682%	1h	0.5995	−0.051%	$60.6M	$30.1M	3x	as long as short
Lighter PONS	+0.0752%	1h	0.5996	−0.025%	$1.7M	$998K	3x	as long as short
Gate PONS_USDT	+0.1318%	4h	0.5990	−0.127%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5990	−0.132%	$30K	$96K	3x	as long as short