Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.067%
Price spread now: Phemex against Nado−0.066%7-day average +0.013% · 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−$184as in the Price arb table
costs, in and out, $10k−$1761.757% of the position
Funding, last 3 days (all we have)−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.066%, 7d avg +0.013%
=Together, before fees+0.028%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.079% cheaper against Nado than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado PONS-PERP | 0.5927 | 0.0100 | pay 0.0012% / 1h | 35m 12s | $69K | $131K | 5x |
| Short | Phemex PONSUSDT | 0.5923 | 0.0100 | get 0.0050% / 4h | 1h 35m | $1.6M | $3.2M | 20x |
Nado PONS-PERP
Phemex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.066% → +0.013%
- −$7.91
- Slippage, 4 orders
- −$163.75
- Fee Nado: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$183.66
- Costs to cover
- 1.757%
- Break-even
- 9434283116954076.0 days
Slippage from Nado: live order book, 63 min ago; Phemex: live order book, 3 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, 63 min ago | 16.44 bp | 50.5 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.54 bp | 37.2 bp −$37 | 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 +0.0033% / S −0.0032% | 1h | 0.5907 | −0.340% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.718% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5925 | −0.033% | $417K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5923 | −0.066% | $22K | $421K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5930 | +0.048% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERPlong | +0.0100% | 1h | 0.5927 | long leg | $69K | $131K | 5x | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5903 | −0.411% | $29K | $316K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5922 | −0.085% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5926 | −0.024% | $26K | $586K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5935 | +0.129% | $65K | $524K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDTshort | +0.0100% | 4h | 0.5923 | −0.066% | $1.6M | $3.2M | 20x | |
| Aevo PONS-PERP | +0.0208% | 1h | 0.5926 | −0.016% | $369 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0226% | 1h | 0.5924 | −0.055% | $60.1M | $29.5M | 3x | as long as short |
| Gate PONS_USDT | +0.0390% | 4h | 0.5919 | −0.134% | $5.3M | $6.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0405% | 4h | 0.5923 | −0.066% | $13.4M | $55.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0442% | 1h | 0.5923 | −0.066% | $94K | $1.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0460% | 4h | 0.5924 | −0.045% | $1.1M | $2.2M | 20x | as long as short |
| Extended PONS-USD | +0.0520% | 1h | 0.5925 | −0.039% | $101K | $811K | 5x | as long as short |
| Binance PONSUSDT | +0.0521% | 4h | 0.5926 | −0.016% | $37.3M | $98.5M | 20x | as long as short |
| MEXC PONS_USDT | +0.0522% | 4h | 0.5926 | −0.016% | $7.5M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0536% | 4h | 0.5909 | −0.302% | $20K | $292K | 10x | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5926 | −0.019% | $45K | $68K | 3x | as long as short |
| Variational Omni PONS | +0.0595% | 4h | 0.5908 | −0.312% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0640% | 4h | 0.5927 | +0.008% | $1.6M | $3.8M | 20x | as long as short |
| Bitget PONSUSDT | +0.0676% | 4h | 0.5928 | +0.023% | $4.7M | $12.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0724% | 4h | 0.5924 | −0.049% | — | $3.0M | — | as long as short |
| Lighter PONS | +0.0736% | 1h | 0.5927 | +0.008% | $1.6M | $830K | 3x | as long as short |
| Bybit PONSUSDT | +0.0761% | 4h | 0.5924 | −0.049% | $17.6M | $31.4M | 20x | as long as short |
| BloFin PONS-USDT | +0.0761% | 4h | 0.5931 | +0.069% | $1.7M | $955K | 20x | as long as short |
| Phoenix PONS | +0.1472% | 1h | 0.5909 | −0.306% | $45K | $127K | 3x | as long as short |
Aevo PONS-PERP
Hyperliquid PONS
Gate PONS_USDT
OKX PONS-USDT-SWAP
Polymarket Perps PONS-USD
Aster PONSUSDT
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Pacifica PONS
Variational Omni PONS
KuCoin PONSUSDTM
Bitget PONSUSDT
BingX PONS-USDT
Lighter PONS
Bybit PONSUSDT
BloFin PONS-USDT
Phoenix PONS