PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.18 per $10,000 · paid last 24h −0.096%

Price spread now: Injective against Nado−1.966%49s7-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 Injective

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 −$4 a day on $10k at the current rate, and Injective is 1.966% cheaper against Nado than usual: you would sell low and buy high (−$197 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.6089	0.0100	pay 0.0012% / 1h	56m 28s	$86K	$107K	5x
Short	Injective PONS/USDC PERP	0.5969	−0.0047	pay 0.0006% / 1h	56m 28s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.966%Rate

Funding earned: −$30.9
Price spread: −1.966% → 0.000%: −$196.63
Slippage, 4 orders: no order book: not counted
Fee Nado: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$227.55
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 12 min ago; Injective: 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, 12 min ago	17.17 bp	54.8 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	−0.0047%	1h	0.5969	−1.966%	$614	$10K	5.5x
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6079	−0.169%	$229K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6090	+0.013%	$21K	$450K	20x	as long as short
Nado PONS-PERPlong	+0.0100%	1h	0.6089	long leg	$86K	$107K	5x
Bybit PONSUSDT	+0.0100%	4h	0.6083	−0.102%	$18.3M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6084	−0.086%	$13.8M	$57.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6090	+0.009%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6093	+0.065%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6095	+0.088%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6092	+0.049%	$3K	$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	0.6094	+0.075%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6095	+0.087%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6100	+0.185%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6085	−0.069%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0106%	4h	0.6091	+0.024%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	0.6089	+0.001%	$379	—	3x	as long as short
Lighter RH PONS	+0.0160%	1h	0.6087	−0.037%	$429K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0176%	4h	0.6086	−0.060%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0240%	1h	0.6087	−0.037%	$1.7M	$921K	3x	as long as short
Extended PONS-USD	+0.0248%	1h	0.6088	−0.020%	$251K	$680K	5x	as long as short
MEXC PONS_USDT	+0.0248%	4h	0.6089	−0.004%	$8.1M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0250%	4h	0.6087	−0.037%	$39.6M	$98.7M	20x	as long as short
BingX PONS-USDT	+0.0252%	4h	0.6084	−0.086%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0258%	4h	0.6096	+0.110%	$21K	$292K	10x	as long as short
BloFin PONS-USDT	+0.0489%	4h	0.6098	+0.144%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0704%	1h	0.6091	+0.026%	$40K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0898%	1h	0.6093	+0.055%	$61.8M	$30.6M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6085	−0.065%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6092	+0.047%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.1786%	4h	0.6087	−0.037%	$5.3M	$6.2M	20x	as long as short