PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0492%/8h= +53.9% APRnext payment +$0.62 per $10,000 · paid last 24h +0.048%

Price spread now: Lighter RH against Nado−0.064%7-day average +0.023% · 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−$125as in the Price arb table

costs, in and out, $10k−$1161.159% of the position

Long on Nado Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.250%+$25 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.064%, 7d avg +0.023%

Together, before fees+0.109%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.087% cheaper against Nado than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.023%). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$15 a day). At the pace of the last 4 days (+0.250% 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	0.6396	0.0100	pay 0.0012% / 1h	3m 56s	$74K	$130K	5x
Short	Lighter RH PONS	0.6392	0.0592	get 0.0074% / 1h	3m 56s	$435K	$2.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.064%Rate

Funding earned: $103.32
Price spread: −0.064% → +0.023%: −$8.7
Slippage, 4 orders: −$115.92
Fee Nado: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.3
Costs to cover: 1.159%
Break-even: 8.4 days

Slippage from Nado: live order book, 19 min ago; Lighter RH: live order book, 4 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, 19 min ago	16.15 bp	51.7 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	6.99 bp	9.2 bp −$9	33.7 bp −$337	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	0.6376	−0.313%	$251K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−7.153%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6400	+0.063%	$20K	$423K	20x	as long as short
Nado PONS-PERPlong	+0.0100%	1h	0.6396	long leg	$74K	$130K	5x
ApeX Omni PONSUSDT	+0.0100%	1h	0.6387	−0.145%	$32K	$289K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6396	+0.003%	$75K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6395	−0.013%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6392	−0.066%	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6386	−0.158%	$27K	$623K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6403	+0.116%	$67K	$529K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6385	−0.172%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0264%	1h	0.6384	−0.188%	$398	—	3x	as long as short
Hyperliquid PONS	+0.0394%	1h	0.6388	−0.129%	$65.4M	$30.9M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0484%	4h	0.6388	−0.125%	$14.7M	$61.5M	20x	as long as short
Aster PONSUSDT	+0.0509%	4h	0.6395	−0.008%	$1.2M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0572%	4h	0.6391	−0.084%	$1.8M	$4.2M	20x	as long as short
Lighter RH PONSshort	+0.0592%	1h	0.6392	−0.064%	$435K	$2.7M	3x
Variational Omni PONS	+0.0702%	4h	0.6380	−0.243%	$1.6M	$4.5M	—	as long as short
MEXC PONS_USDT	+0.0750%	4h	0.6389	−0.109%	$8.1M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0752%	1h	0.6393	−0.042%	$107K	$807K	5x	as long as short
Lighter PONS	+0.0752%	1h	0.6397	+0.011%	$1.8M	$880K	3x	as long as short
Binance PONSUSDT	+0.0755%	4h	0.6395	−0.016%	$42.4M	$103.4M	20x	as long as short
edgeX PONSUSDC	+0.0759%	4h	0.6383	−0.199%	$19K	$294K	10x	as long as short
Bitget PONSUSDT	+0.0782%	4h	0.6393	−0.052%	$5.2M	$13.4M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6398	+0.036%	$48K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0992%	4h	0.6398	+0.031%	$1.9M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.1202%	4h	0.6385	−0.172%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.1264%	4h	0.6391	−0.078%	$19.5M	$33.2M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6377	−0.291%	$49K	$159K	3x	as long as short
Gate PONS_USDT	+0.3182%	4h	0.6382	−0.219%	$5.6M	$6.6M	20x	as long as short