PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0479%/8h= +52.5% APRnext payment +$0.60 per $10,000 · paid last 24h +0.087%

Price spread now: Polymarket Perps against Nado−0.113%7-day average +0.007% · 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−$128as in the Price arb table

costs, in and out, $10k−$1161.164% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.381%+$38 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.113%, 7d avg +0.007%

Together, before fees+0.494%+ Points / potential airdropNado: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.120% cheaper against Nado than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.007%). If the spread goes back, that is −$12 on $10k: about 20 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.6381	0.0181	pay 0.0023% / 1h	58m 07s	$77K	$105K	5x
Short	Polymarket Perps PONS-USD	0.6374	0.0661	get 0.0083% / 1h	58m 07s	$75K	$2.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.113%Rate

Funding earned: $100.69
Price spread: −0.113% → +0.007%: −$11.95
Slippage, 4 orders: −$108.44
Fee Nado: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$27.7
Costs to cover: 1.164%
Break-even: 8.9 days

Slippage from Nado: live order book, 52 min ago; Polymarket Perps: 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, 52 min ago	14.03 bp	52.0 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	4.10 bp	9.4 bp −$9	13.6 bp −$136	doesn't fit	doesn't fit

PONS on 30 exchanges

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	0.6365	−0.257%	$250K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.935%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6376	−0.078%	$24K	$405K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6360	−0.328%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6382	+0.014%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6383	+0.030%	—	$899K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6373	−0.130%	$27K	$636K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6375	−0.089%	$67K	$537K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6372	−0.141%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERPlong	+0.0181%	1h	0.6381	long leg	$77K	$105K	5x

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	0.6376	−0.078%	$397	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0405%	4h	0.6376	−0.078%	$14.5M	$60.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.6375	−0.088%	$1.8M	$4.3M	20x	as long as short
Aster PONSUSDT	+0.0535%	4h	0.6377	−0.066%	$1.2M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0600%	1h	0.6372	−0.138%	$450K	$2.6M	3x	as long as short
Pacifica PONS	+0.0616%	1h	0.6385	+0.059%	$47K	$76K	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0661%	1h	0.6374	−0.113%	$75K	$2.1M	3x
Variational Omni PONS	+0.0662%	4h	0.6340	−0.642%	$1.6M	$4.3M	—	as long as short
MEXC PONS_USDT	+0.0676%	4h	0.6377	−0.063%	$7.9M	$4.5M	20x	as long as short
Binance PONSUSDT	+0.0679%	4h	0.6378	−0.047%	$41.9M	$101.3M	20x	as long as short
edgeX PONSUSDC	+0.0679%	4h	0.6348	−0.512%	$19K	$294K	10x	as long as short
Extended PONS-USD	+0.0680%	1h	0.6379	−0.033%	$184K	$881K	5x	as long as short
Hyperliquid PONS	+0.0720%	1h	0.6380	−0.019%	$65.5M	$31.1M	3x	as long as short
Bitget PONSUSDT	+0.0762%	4h	0.6381	+0.006%	$5.2M	$13.6M	20x	as long as short
BingX PONS-USDT	+0.0794%	4h	0.6371	−0.157%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0845%	4h	0.6374	−0.110%	$19.3M	$32.6M	20x	as long as short
Gate PONS_USDT	+0.0896%	4h	0.6365	−0.251%	$5.5M	$6.4M	20x	as long as short
BloFin PONS-USDT	+0.0916%	4h	0.6346	−0.549%	$1.9M	$1.1M	20x	as long as short
Lighter PONS	+0.1208%	1h	0.6376	−0.080%	$1.8M	$851K	3x	as long as short
Phoenix PONS	+0.1668%	1h	0.6353	−0.444%	$48K	$162K	3x	as long as short