PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1450%/8h= +158.8% APRnext payment +$1.81 per $10,000 · paid last 24h +0.319%

Price spread now: Phoenix against Nado+0.161%7-day average −0.003% · 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−$115as in the Price arb table

costs, in and out, $10k−$1321.319% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.144%+$114 on $10k

Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.161%, 7d avg −0.003%

Together, before fees+0.794%+ Points / potential airdropNado: Active · farm board+$79 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Phoenix is 0.164% dearer against Nado than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.6031	0.0246	pay 0.0031% / 1h	28m 57s	$71K	$131K	5x
Short	Phoenix PONS	0.6041	0.1695	get 0.0212% / 1h	28m 57s	$31K	$107K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.161%Rate

Funding earned: $304.46
Price spread: +0.161% → −0.003%: $16.41
Slippage, 4 orders: −$124.9
Fee Nado: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $188.98
Costs to cover: 1.319%
Break-even: 2.7 days

Slippage from Nado: live order book, 30 min ago; Phoenix: live order book, 13 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, 30 min ago	14.65 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 13 min ago	3.31 bp	16.6 bp −$17	54.4 bp −$544	doesn't fit	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6010	−0.340%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.020%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6026	−0.083%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6043	+0.192%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6038	+0.118%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6027	−0.070%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6028	−0.045%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6013	−0.300%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6034	+0.046%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6015	−0.265%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0144%	1h	0.6022	−0.151%	$424K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6025	−0.107%	$375	—	3x	as long as short
KuCoin PONSUSDTM	+0.0210%	4h	0.6011	−0.325%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0220%	4h	0.6017	−0.232%	$13.8M	$55.0M	20x	as long as short
Bybit PONSUSDT	+0.0238%	4h	0.6016	−0.249%	$18.0M	$30.5M	20x	as long as short
Nado PONS-PERPlong	+0.0246%	1h	0.6031	long leg	$71K	$131K	5x
Lighter PONS	+0.0272%	1h	0.6015	−0.265%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0302%	4h	0.6013	−0.292%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0369%	4h	0.6018	−0.211%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0390%	4h	0.6020	−0.182%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0408%	1h	0.6012	−0.309%	$249K	$674K	5x	as long as short
MEXC PONS_USDT	+0.0408%	4h	0.6014	−0.282%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0409%	4h	0.6014	−0.279%	$39.4M	$95.1M	20x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6038	+0.120%	$21K	$294K	10x	as long as short
Gate PONS_USDT	+0.0530%	4h	0.6017	−0.232%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0682%	1h	0.6014	−0.284%	$61.2M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0738%	1h	0.6027	−0.063%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6032	+0.010%	$48K	$75K	3x	as long as short
Phoenix PONSshort	+0.1695%	1h	0.6041	+0.161%	$31K	$107K	3x