PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0385%/8h= +42.1% APRnext payment +$0.48 per $10,000 · paid last 24h +0.102%

Price spread now: Hyperliquid against Nado−0.056%7-day average +0.009% · 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−$126as in the Price arb table

costs, in and out, $10k−$1191.191% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.163%+$16 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now −0.056%, 7d avg +0.009%

Together, before fees+0.061%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.065% cheaper against Nado than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.009%). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.163% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.5892	0.0103	pay 0.0013% / 1h	13m 34s	$89K	$103K	5x
Short	Hyperliquid PONS	0.5889	0.0488	get 0.0061% / 1h	13m 34s	$59.0M	$30.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.056%Rate

Funding earned: $80.81
Price spread: −0.056% → +0.009%: −$6.46
Slippage, 4 orders: −$110.13
Fee Nado: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$44.78
Costs to cover: 1.191%
Break-even: 10.9 days

Slippage from Nado: live order book, 65 min ago; Hyperliquid: live order book, 10 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 Nado live order book, 65 min ago	19.48 bp	46.9 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.09 bp	14.0 bp −$14	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 +0.0032% / S −0.0034%	1h	0.5897	+0.090%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.468%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5887	−0.085%	$21K	$443K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5885	−0.119%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5885	−0.119%	$13.4M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5895	+0.058%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5888	−0.061%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	+0.225%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5909	+0.290%	$34K	$336K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5911	+0.324%	$2K	$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	0.5907	+0.258%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5903	+0.178%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5903	+0.193%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5898	+0.102%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERPlong	+0.0103%	1h	0.5892	long leg	$89K	$103K	5x
Aevo PONS-PERP	+0.0128%	1h	0.5904	+0.206%	$368	—	3x	as long as short
BingX PONS-USDT	+0.0178%	4h	0.5888	−0.068%	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.0180%	4h	0.5896	+0.063%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5894	+0.034%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5887	−0.085%	$38.3M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5891	−0.025%	$106K	$533K	5x	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5909	+0.282%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0364%	1h	0.5886	−0.097%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0420%	4h	0.5913	+0.356%	$1.7M	$967K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5893	+0.021%	$47K	$103K	3x	as long as short
Hyperliquid PONSshort	+0.0488%	1h	0.5889	−0.056%	$59.0M	$30.1M	3x
Lighter RH PONS	+0.0584%	1h	0.5897	+0.085%	$415K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0784%	4h	0.5884	−0.136%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.1008%	1h	0.5898	+0.100%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5911	+0.316%	$30K	$86K	3x	as long as short