Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h +0.090%
Price spread now: BloFin against Nado+0.077%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1281.279% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.376%+$38 on $10k
Price spread, last 4 days (all we have)+0.480%+$48 · spread now +0.077%, 7d avg +0.058%
Together, before fees+0.856%+ Points / potential airdropNado: Active · farm board+$86 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado PONS-PERP0.59880.0232pay 0.0029% / 1h38m 54s$70K$129K5x
ShortBloFin PONS-USDT0.59930.0714get 0.0357% / 4h1h 38m$1.7M$954K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$101.32
Price spread: +0.077% → +0.058%
$1.88
Slippage, 4 orders
−$115.92
Fee Nado: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$24.72
Costs to cover
1.279%
Break-even
8.7 days
Slippage from Nado: live order book, 15 min ago; BloFin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 15 min ago17.50 bp41.9 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago2.50 bp18.7 bp −$1943.6 bp −$436doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.5980−0.133%$237K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969−0.315%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5987−0.023%$20K$424K20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5998+0.166%$33K$351K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5994+0.085%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.5983−0.097%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5986−0.040%$26K$517K3xas long as short
HTX PONS-USDT+0.0100%4h0.5987−0.016%$64K$507K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5987−0.023%$1.6M$3.2M20xas long as short
Variational Omni PONS+0.0106%4h0.5978−0.168%$1.4M$3.9Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH PONS+0.0184%1h0.5987−0.016%$420K$2.5M3xas long as short
Aevo PONS-PERP+0.0200%1h0.5979−0.161%$3723xas long as short
Nado PONS-PERPlong+0.0232%1h0.5988long leg$70K$129K5x
Lighter PONS+0.0272%1h0.5987−0.031%$1.7M$875K3xas long as short
OKX PONS-USDT-SWAP+0.0286%4h0.5974−0.240%$13.6M$54.1M20xas long as short
KuCoin PONSUSDTM+0.0342%4h0.5973−0.254%$1.7M$3.7M20xas long as short
Bitget PONSUSDT+0.0386%4h0.5973−0.260%$4.6M$11.3M20xas long as short
Gate PONS_USDT+0.0414%4h0.5974−0.240%$5.2M$6.2M20xas long as short
Aster PONSUSDT+0.0420%4h0.5981−0.120%$1.1M$2.0M20xas long as short
Extended PONS-USD+0.0472%1h0.5988−0.006%$248K$670K5xas long as short
MEXC PONS_USDT+0.0472%4h0.5974−0.240%$7.6M$4.7M20xas long as short
Binance PONSUSDT+0.0474%4h0.5973−0.257%$39.1M$93.8M20xas long as short
BingX PONS-USDT+0.0480%4h0.5973−0.257%$3.0Mas long as short
edgeX PONSUSDC+0.0493%4h0.5986−0.043%$18K$292K10xas long as short
Bybit PONSUSDT+0.0495%4h0.5970−0.307%$17.9M$30.3M20xas long as short
BloFin PONS-USDTshort+0.0714%4h0.5993+0.077%$1.7M$954K20x
Hyperliquid PONS+0.0724%1h0.5990+0.034%$61.0M$27.7M3xas long as short
Pacifica PONS+0.0755%1h0.5981−0.130%$47K$72K3xas long as short
Polymarket Perps PONS-USD+0.0809%1h0.5985−0.050%$49K$1.6M3xas long as short
Phoenix PONS+0.1639%1h0.6004+0.261%$31K$98K3xas long as short