Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.074%
Price spread now: Nado against Lighter RH+0.098%7-day average −0.025% · 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−$98as in the Price arb table
costs, in and out, $10k−$1101.100% of the position
Funding, last 3 days (all we have)−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.098%, 7d avg −0.025%
=Together, before fees−0.220%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.123% dearer against Lighter RH than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5902 | 0.0096 | pay 0.0012% / 1h | 1m 37s | $416K | $2.6M | 3x |
| Short | Nado PONS-PERP | 0.5908 | 0.0100 | get 0.0012% / 1h | 1m 37s | $69K | $130K | 5x |
Lighter RH PONS
Nado PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter RH. 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
- $0.84
- Price spread: +0.098% → −0.025%
- $12.34
- Slippage, 4 orders
- −$109.98
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$96.8
- Costs to cover
- 1.100%
- Break-even
- 813.6 days
Slippage from Lighter RH: live order book, 1 min ago; Nado: live order book, 42 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 Lighter RH live order book, 1 min ago | 5.32 bp | 6.9 bp −$7 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell Nado live order book, 42 min ago | 14.57 bp | 49.0 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/USD | L +0.0033% / S −0.0032% | 1h | 0.5914 | +0.205% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.140% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONSlong | +0.0096% | 1h | 0.5902 | long leg | $416K | $2.6M | 3x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5911 | +0.149% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERPshort | +0.0100% | 1h | 0.5908 | +0.098% | $69K | $130K | 5x | |
| Gate PONS_USDT | +0.0100% | 4h | 0.5905 | +0.047% | $5.2M | $6.3M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5930 | +0.474% | $34K | $337K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5929 | +0.451% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5924 | +0.366% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5919 | +0.293% | $26K | $543K | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5937 | +0.591% | $64K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5917 | +0.251% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5922 | +0.335% | $369 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0370% | 4h | 0.5908 | +0.098% | $13.4M | $54.5M | 20x | as long as short |
| Lighter PONS | +0.0448% | 1h | 0.5906 | +0.059% | $1.6M | $897K | 3x | as long as short |
| Hyperliquid PONS | +0.0458% | 1h | 0.5904 | +0.022% | $59.9M | $28.9M | 3x | as long as short |
| Variational Omni PONS | +0.0479% | 4h | 0.5922 | +0.343% | $1.3M | $4.1M | — | as long as short |
| Aster PONSUSDT | +0.0509% | 4h | 0.5909 | +0.111% | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.0544% | 4h | 0.5909 | +0.119% | $4.6M | $11.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.0612% | 4h | 0.5906 | +0.064% | $7.5M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0614% | 4h | 0.5906 | +0.072% | $38.6M | $94.6M | 20x | as long as short |
| edgeX PONSUSDC | +0.0614% | 4h | 0.5928 | +0.438% | $18K | $294K | 10x | as long as short |
| Extended PONS-USD | +0.0616% | 1h | 0.5906 | +0.058% | $106K | $807K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0738% | 1h | 0.5924 | +0.368% | $81K | $1.7M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0752% | 4h | 0.5902 | +0.002% | $1.6M | $3.8M | 20x | as long as short |
| BingX PONS-USDT | +0.0782% | 4h | 0.5911 | +0.149% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0828% | 4h | 0.5908 | +0.098% | $17.7M | $30.9M | 20x | as long as short |
| BloFin PONS-USDT | +0.0855% | 4h | 0.5934 | +0.539% | $1.7M | $944K | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.5905 | +0.053% | $46K | $68K | 3x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.5923 | +0.344% | $45K | $109K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Lighter PONS
Hyperliquid PONS
Variational Omni PONS
Aster PONSUSDT
Bitget PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Extended PONS-USD
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Pacifica PONS
Phoenix PONS