PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0681%/8h= −74.6% APRnext payment −$0.85 per $10,000 · paid last 24h −0.082%

Price spread now: Nado against Polymarket Perps+0.301%58s7-day average −0.010% · 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—prices read too far apart to compare

costs, in and out, $10k−$1121.119% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.356%−$36 on $10k

Price spread, last 4 days (all we have)−0.317%−$32 · spread now +0.301%, 7d avg −0.010%

Together, before fees−0.673%+ Points / potential airdropNado: Active · farm board−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.311% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.301% now, against its 7-day average of −0.010%): +$31 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 37 hours. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.5890	0.0781	pay 0.0098% / 1h	37m 38s	$115K	$1.7M	3x
Short	Nado PONS-PERP	0.5908	0.0100	get 0.0012% / 1h	37m 38s	$69K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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 Polymarket PerpsbpFee NadobpOrdersPrice spread, now +0.301%Rate

Funding earned: −$143.1
Price spread: +0.301% → −0.010%: $31.11
Slippage, 4 orders: −$103.85
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 0 bp × 2 orders: $0
Net: −$223.85
Costs to cover: 1.119%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Nado: live order book, 1 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 Polymarket Perps live order book, 1 min ago	3.23 bp	7.2 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	16.44 bp	46.9 bp −$47	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	0.5882	−0.137%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.350%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5900	+0.168%	$417K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5911	+0.357%	$21K	$418K	20x	as long as short
Nado PONS-PERPshort	+0.0100%	1h	0.5908	+0.301%	$69K	$130K	5x
Gate PONS_USDT	+0.0100%	4h	0.5900	+0.170%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5882	−0.136%	$29K	$334K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5892	+0.036%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5886	−0.063%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5892	+0.027%	$25K	$547K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5909	+0.331%	$64K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5897	+0.119%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5878	−0.206%	$366	—	3x	as long as short
Hyperliquid PONS	+0.0240%	1h	0.5899	+0.157%	$60.0M	$29.1M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0369%	4h	0.5910	+0.340%	$13.4M	$54.7M	20x	as long as short
Aster PONSUSDT	+0.0472%	4h	0.5895	+0.092%	$1.1M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0551%	4h	0.5915	+0.426%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0564%	4h	0.5909	+0.324%	$4.7M	$11.8M	20x	as long as short
Lighter PONS	+0.0576%	1h	0.5900	+0.178%	$1.6M	$886K	3x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5906	+0.274%	$105K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0592%	4h	0.5901	+0.187%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0592%	4h	0.5909	+0.318%	$38.6M	$94.9M	20x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.5886	−0.060%	$20K	$295K	10x	as long as short
Pacifica PONS	+0.0715%	1h	0.5906	+0.265%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0736%	4h	0.5906	+0.267%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0766%	4h	0.5912	+0.374%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USDlong	+0.0781%	1h	0.5890	long leg	$115K	$1.7M	3x
Bybit PONSUSDT	+0.0830%	4h	0.5909	+0.323%	$17.7M	$31.0M	20x	as long as short
BloFin PONS-USDT	+0.0835%	4h	0.5880	−0.170%	$1.7M	$936K	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5922	+0.537%	$45K	$121K	3x	as long as short