Funding you earn now, next payment 02:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.065%
Price spread now: Popdex against Nado−0.007%7-day average +0.011% · 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−$294as in the Price arb table
costs, in and out, $10k−$2922.922% of the position
Funding, last 3 days (all we have)−0.167%−$17 on $10k
+Price spread, last 4 days (all we have)−0.579%−$58 · spread now −0.007%, 7d avg +0.011%
=Together, before fees−0.746%+ Points / potential airdropNado: Active · farm board−$75 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado PONS-PERP | 0.6042 | 0.0224 | pay 0.0028% / 1h | 24m 48s | $71K | $131K | 5x |
| Short | Popdex PONSUSDT | 0.6042 | 0.0096 | get 0.0012% / 1h | 24m 48s | $20K | $422K | 20x |
Nado PONS-PERP
Popdex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$26.79
- Price spread: −0.007% → +0.011%
- −$1.81
- Slippage, 4 orders
- −$285.76
- Fee Nado: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$320.77
- Costs to cover
- 2.922%
- Break-even
- never at this rate
Slippage from Nado: live order book, 34 min ago; Popdex: live order book, 44 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, 34 min ago | 14.65 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 44 min ago | 6.52 bp | 97.1 bp −$97 | doesn't fit | 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 | 0.6037 | −0.082% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.207% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDTshort | +0.0096% | 1h | 0.6042 | −0.007% | $20K | $422K | 20x | |
| Variational Omni PONS | +0.0100% | 4h | 0.6026 | −0.280% | $1.4M | $4.0M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6017 | −0.415% | $33K | $353K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6049 | +0.107% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6043 | +0.007% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6046 | +0.059% | $26K | $518K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6063 | +0.338% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6046 | +0.059% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0184% | 1h | 0.6071 | +0.471% | $428K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0184% | 1h | 0.6043 | +0.010% | $376 | — | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0218% | 4h | 0.6065 | +0.378% | $1.7M | $3.6M | 20x | as long as short |
| Nado PONS-PERPlong | +0.0224% | 1h | 0.6042 | long leg | $71K | $131K | 5x | |
| Bybit PONSUSDT | +0.0240% | 4h | 0.6067 | +0.406% | $18.2M | $30.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0241% | 4h | 0.6065 | +0.373% | $13.9M | $55.2M | 20x | as long as short |
| Lighter PONS | +0.0256% | 1h | 0.6070 | +0.453% | $1.7M | $884K | 3x | as long as short |
| Bitget PONSUSDT | +0.0306% | 4h | 0.6075 | +0.540% | $4.7M | $11.3M | 20x | as long as short |
| Aster PONSUSDT | +0.0374% | 4h | 0.6062 | +0.330% | $1.1M | $2.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0388% | 4h | 0.6069 | +0.439% | — | $3.0M | — | as long as short |
| Extended PONS-USD | +0.0400% | 1h | 0.6062 | +0.330% | $250K | $672K | 5x | as long as short |
| MEXC PONS_USDT | +0.0402% | 4h | 0.6070 | +0.456% | $7.8M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0408% | 4h | 0.6073 | +0.506% | $39.8M | $94.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0416% | 4h | 0.6024 | −0.309% | $21K | $291K | 10x | as long as short |
| Gate PONS_USDT | +0.0452% | 4h | 0.6050 | +0.125% | $5.3M | $6.1M | 20x | as long as short |
| Hyperliquid PONS | +0.0689% | 1h | 0.6072 | +0.497% | $61.9M | $28.0M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0739% | 1h | 0.6046 | +0.060% | $45K | $1.5M | 3x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.6071 | +0.479% | $48K | $75K | 3x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6031 | −0.181% | $31K | $107K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
KuCoin PONSUSDTM
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Lighter PONS
Bitget PONSUSDT
Aster PONSUSDT
BingX PONS-USDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Gate PONS_USDT
Hyperliquid PONS
Polymarket Perps PONS-USD
Pacifica PONS
Phoenix PONS