Funding you earn now, next payment 08:00 UTC+0.0396%/8h= +43.4% APRnext payment +$0.50 per $10,000 · paid last 24h +0.114%
Price spread now: Lighter against Nado+0.107%7-day average +0.052% · 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−$121as in the Price arb table
costs, in and out, $10k−$1261.262% of the position
Funding, last 4 days (all we have)+0.616%+$62 on $10k
+Price spread, last 4 days (all we have)−0.810%−$81 · spread now +0.107%, 7d avg +0.052%
=Together, before fees−0.194%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.054% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado PONS-PERP | 0.6152 | 0.0100 | pay 0.0012% / 1h | 0m 06s | $72K | $130K | 5x |
| Short | Lighter PONS | 0.6159 | 0.0496 | get 0.0062% / 1h | 0m 06s | $1.7M | $859K | 3x |
Nado PONS-PERP
Lighter PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $83.16
- Price spread: +0.107% → +0.052%
- $5.44
- Slippage, 4 orders
- −$126.15
- Fee Nado: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$37.55
- Costs to cover
- 1.262%
- Break-even
- 10.2 days
Slippage from Nado: live order book, 28 min ago; Lighter: live order book, 1 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, 28 min ago | 14.91 bp | 41.4 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 6.90 bp | 15.4 bp −$15 | 40.0 bp −$400 | 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 −0.0030% | 1h | 0.6148 | −0.073% | $240K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6157 | +0.079% | $23K | $456K | 20x | as long as short |
| Nado PONS-PERPlong | +0.0100% | 1h | 0.6152 | long leg | $72K | $130K | 5x | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6164 | +0.195% | $30K | $299K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6163 | +0.177% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6150 | −0.030% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6156 | +0.063% | $26K | $634K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6168 | +0.250% | $66K | $536K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6153 | +0.014% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6162 | +0.161% | $384 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PONS_USDT | +0.0348% | 4h | 0.6152 | −0.002% | $5.5M | $6.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0390% | 4h | 0.6155 | +0.047% | $13.9M | $60.5M | 20x | as long as short |
| Lighter RH PONS | +0.0424% | 1h | 0.6155 | +0.047% | $427K | $2.7M | 3x | as long as short |
| Aster PONSUSDT | +0.0433% | 4h | 0.6157 | +0.087% | $1.1M | $2.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0484% | 4h | 0.6157 | +0.071% | $1.6M | $4.1M | 20x | as long as short |
| Hyperliquid PONS | +0.0487% | 1h | 0.6154 | +0.029% | $62.8M | $30.6M | 3x | as long as short |
| Variational Omni PONS | +0.0494% | 4h | 0.6148 | −0.073% | $1.6M | $4.3M | — | as long as short |
| Lighter PONSshort | +0.0496% | 1h | 0.6159 | +0.107% | $1.7M | $859K | 3x | |
| Pacifica PONS | +0.0572% | 1h | 0.6154 | +0.028% | $46K | $77K | 3x | as long as short |
| Extended PONS-USD | +0.0592% | 1h | 0.6157 | +0.072% | $103K | $824K | 5x | as long as short |
| Binance PONSUSDT | +0.0592% | 4h | 0.6160 | +0.128% | $40.0M | $105.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0596% | 4h | 0.6158 | +0.095% | $7.8M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0603% | 4h | 0.6164 | +0.187% | $20K | $292K | 10x | as long as short |
| BingX PONS-USDT | +0.0654% | 4h | 0.6159 | +0.112% | — | $3.2M | — | as long as short |
| Bybit PONSUSDT | +0.0663% | 4h | 0.6157 | +0.079% | $18.4M | $33.0M | 20x | as long as short |
| Bitget PONSUSDT | +0.0680% | 4h | 0.6161 | +0.144% | $4.9M | $13.0M | 20x | as long as short |
| BloFin PONS-USDT | +0.0836% | 4h | 0.6155 | +0.047% | $1.8M | $1.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0949% | 1h | 0.6149 | −0.059% | $72K | $2.3M | 3x | as long as short |
| Injective PONS/USDC PERP | +0.1069% | 1h | 0.5938 | −3.472% | $610 | $10K | 5.5x | as long as short |
| Phoenix PONS | +0.1405% | 1h | 0.6162 | +0.160% | $47K | $127K | 3x | as long as short |
Gate PONS_USDT
OKX PONS-USDT-SWAP
Lighter RH PONS
Aster PONSUSDT
KuCoin PONSUSDTM
Hyperliquid PONS
Variational Omni PONS
Pacifica PONS
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
BingX PONS-USDT
Bybit PONSUSDT
Bitget PONSUSDT
BloFin PONS-USDT
Polymarket Perps PONS-USD
Injective PONS/USDC PERP
Phoenix PONS