PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.087%

Price spread now: Nado against gTrade (Gains Network)+0.018%7-day average +0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,696as in the Price arb table

costs, in and out, $10k−$4,68446.835% of the position

Long on gTrade (Gains Network)Short on Nado

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now +0.018%, 7d avg +0.140%

Together, before fees+0.274%+ Points / potential airdropNado: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.122% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.140%). If the spread goes back, that is −$12 on $10k: about 6.0 days of funding at the current rate (+$2 a day). At the pace of the last 1 day (+0.132% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5921	L +0.0032% / S −0.0030%	pay 0.0004% / 1h	6m 52s	$242K	—	150x
Short	Nado PONS-PERP	0.5922	0.0100	get 0.0012% / 1h	6m 52s	$69K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee NadobpOrdersPrice spread, now +0.018%Rate

Funding earned: $14.23
Price spread: +0.018% → +0.140%: −$12.16
Slippage, 4 orders: −$4,671.53
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Nado: 0 bp × 2 orders: $0
Net: −$4,681.45
Costs to cover: 46.835%
Break-even: 2309.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 37 min ago; Nado: live order book, 27 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 gTrade (Gains Network) virtual book (oracle venue), 37 min ago	130.01 bp	2119.7 bp −$2,120	16868.8 bp −$168.7K	doesn't fit	doesn't fit
Sell Nado live order book, 27 min ago	16.33 bp	49.1 bp −$49	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/USDlong	L +0.0032% / S −0.0030%	1h	0.5921	long leg	$242K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.299%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5929	+0.137%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5923	+0.037%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5933	+0.209%	$2K	$3K	10x	as long as short
Nado PONS-PERPshort	+0.0100%	1h	0.5922	+0.018%	$69K	$130K	5x
ApeX Omni PONSUSDT	+0.0100%	1h	0.5921	0.000%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5924	+0.059%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5935	+0.231%	$26K	$581K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5921	+0.005%	$64K	$526K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5934	+0.223%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5932	+0.183%	$370	—	3x	as long as short
Hyperliquid PONS	+0.0303%	1h	0.5937	+0.272%	$60.3M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0417%	4h	0.5943	+0.375%	$13.4M	$55.5M	20x	as long as short
Aster PONSUSDT	+0.0446%	4h	0.5926	+0.082%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0480%	1h	0.5938	+0.288%	$101K	$807K	5x	as long as short
Binance PONSUSDT	+0.0483%	4h	0.5943	+0.377%	$37.4M	$98.0M	20x	as long as short
MEXC PONS_USDT	+0.0486%	4h	0.5942	+0.358%	$7.7M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0500%	4h	0.5918	−0.055%	$20K	$290K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5920	−0.009%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0564%	4h	0.5916	−0.083%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0598%	4h	0.5940	+0.331%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0643%	1h	0.5922	+0.015%	$87K	$1.9M	3x	as long as short
BingX PONS-USDT	+0.0656%	4h	0.5941	+0.341%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0673%	4h	0.5941	+0.341%	$17.6M	$31.2M	20x	as long as short
Bitget PONSUSDT	+0.0682%	4h	0.5950	+0.486%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0723%	4h	0.5934	+0.223%	$1.7M	$944K	20x	as long as short
Gate PONS_USDT	+0.0760%	4h	0.5939	+0.307%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0888%	1h	0.5930	+0.160%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5918	−0.046%	$45K	$127K	3x	as long as short