PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0485%/8h= +53.1% APRnext payment +$0.61 per $10,000 · paid last 24h +0.063%

Price spread now: Nado against SoDEX−0.100%7-day average −0.005% · 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−$236as in the Price arb table

costs, in and out, $10k−$2272.266% of the position

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.154%+$15 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now −0.100%, 7d avg −0.005%

Together, before fees+0.106%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.095% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.005%). If the spread goes back, that is −$10 on $10k: about 16 hours of funding at the current rate (+$15 a day). At the pace of the last 3 days (+0.154% in total) that is about 47 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.154% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.6082	0.0100	pay 0.0013% / 1h	38m 12s	$28K	$552K	3x
Short	Nado PONS-PERP	0.6076	0.0585	get 0.0073% / 1h	38m 12s	$105K	$116K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SoDEX. 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 SoDEXbpFee NadobpOrdersPrice spread, now −0.100%Rate

Funding earned: $101.81
Price spread: −0.100% → −0.005%: −$9.53
Slippage, 4 orders: −$218.55
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 0 bp × 2 orders: $0
Net: −$134.27
Costs to cover: 2.266%
Break-even: 16.2 days

Slippage from SoDEX: live order book, 35 min ago; Nado: live order book, 25 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 SoDEX live order book, 35 min ago	0.82 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 25 min ago	13.85 bp	50.3 bp −$50	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 −0.0033%	1h	0.6071	−0.187%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.853%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6082	−0.005%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6082	−0.003%	$20K	$416K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6080	−0.043%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6080	−0.039%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6088	+0.092%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6084	+0.028%	—	$1.4M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.6082	long leg	$28K	$552K	3x
HTX PONS-USDT	+0.0100%	4h	0.6095	+0.204%	$65K	$511K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6082	−0.003%	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0124%	4h	0.6083	+0.013%	$13.8M	$57.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0162%	4h	0.6079	−0.044%	$1.8M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6082	+0.001%	$379	—	3x	as long as short
Bitget PONSUSDT	+0.0210%	4h	0.6086	+0.061%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0231%	4h	0.6082	−0.005%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0332%	4h	0.6082	−0.003%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0336%	1h	0.6077	−0.085%	$252K	$683K	5x	as long as short
Binance PONSUSDT	+0.0339%	4h	0.6082	−0.009%	$39.8M	$97.3M	20x	as long as short
edgeX PONSUSDC	+0.0344%	4h	0.6082	−0.001%	$21K	$292K	10x	as long as short
Lighter PONS	+0.0472%	1h	0.6082	−0.005%	$1.7M	$896K	3x	as long as short
Gate PONS_USDT	+0.0542%	4h	0.6069	−0.217%	$5.3M	$6.2M	20x	as long as short
BloFin PONS-USDT	+0.0573%	4h	0.6082	−0.003%	$1.7M	$1.0M	20x	as long as short
Nado PONS-PERPshort	+0.0585%	1h	0.6076	−0.100%	$105K	$116K	5x
Bybit PONSUSDT	+0.0660%	4h	0.6079	−0.053%	$18.2M	$31.0M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6075	−0.122%	$48K	$87K	3x	as long as short
BingX PONS-USDT	+0.0740%	4h	0.6088	+0.095%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0771%	1h	0.6079	−0.046%	$43K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0929%	1h	0.6081	−0.013%	$61.8M	$29.2M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6085	+0.038%	$31K	$113K	3x	as long as short