PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.046%

Price spread now: Aevo against Nado−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.028% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.6094	0.0207	pay 0.0026% / 1h	3m 57s	$105K	$116K	5x
Short	Aevo PONS-PERP	0.6093	0.0152	get 0.0019% / 1h	3m 57s	$380	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Nado. 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 NadobpFee AevobpOrdersPrice spread, now −0.028%Rate

Funding earned: −$11.57
Price spread: −0.028% → 0.000%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee Nado: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$30.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 65 min ago; Aevo: no order-book sample. Net counts fees only.

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 Nado live order book, 65 min ago	17.17 bp	54.8 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.047%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6084	−0.169%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6089	−0.079%	$426K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6092	−0.037%	$20K	$421K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6086	−0.135%	$18.3M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6083	−0.184%	$13.9M	$57.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6076	−0.304%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6096	+0.026%	$32K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6095	+0.008%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6093	−0.027%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6091	−0.055%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6103	+0.142%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6093	−0.020%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0126%	4h	0.6089	−0.091%	$1.8M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0151%	4h	0.6090	−0.068%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERPshort	+0.0152%	1h	0.6093	−0.028%	$380	—	3x
Bitget PONSUSDT	+0.0166%	4h	0.6090	−0.076%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERPlong	+0.0207%	1h	0.6094	long leg	$105K	$116K	5x
MEXC PONS_USDT	+0.0292%	4h	0.6089	−0.086%	$8.0M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6091	−0.048%	$252K	$682K	5x	as long as short
Binance PONSUSDT	+0.0297%	4h	0.6089	−0.086%	$39.9M	$98.2M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6087	−0.119%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0316%	4h	0.6086	−0.134%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0336%	1h	0.6091	−0.053%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0532%	4h	0.6091	−0.053%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0650%	1h	0.6091	−0.048%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0836%	1h	0.6091	−0.048%	$62.0M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6090	−0.071%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	−0.151%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2192%	4h	0.6086	−0.135%	$5.3M	$6.3M	20x	as long as short