Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.020%

Price spread now: Nado against Binance+0.020%7-day average −0.001% · 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−$123as in the Price arb table

costs, in and out, $10k−$1251.253% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.537%+$54 · spread now +0.020%, 7d avg −0.001%

Together, before fees+0.398%+ Points / potential airdropNado: Active · farm board+$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.021% dearer against Binance than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.001%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6044	0.0402	pay 0.0201% / 4h	2h 42m	$39.6M	$95.9M	20x
Short	Nado PONS-PERP	0.6046	0.0315	get 0.0039% / 1h	42m 16s	$71K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now +0.020%Rate

Funding earned: −$18.37
Price spread: +0.020% → −0.001%: $2.14
Slippage, 4 orders: −$115.31
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 0 bp × 2 orders: $0
Net: −$141.54
Costs to cover: 1.253%
Break-even: never at this rate

Slippage from Binance: live order book, just now; Nado: live order book, 16 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 Binance live order book, just now	0.83 bp	13.6 bp −$14	51.0 bp −$510	doesn't fit	doesn't fit
Sell Nado live order book, 16 min ago	14.65 bp	48.6 bp −$49	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	0.6037	−0.132%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.241%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6050	+0.091%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6019	−0.421%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6030	−0.246%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6055	+0.174%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6051	+0.113%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6044	−0.010%	$26K	$529K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6057	+0.205%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6043	−0.025%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6047	+0.041%	$377	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0206%	4h	0.6047	+0.041%	$13.9M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0218%	4h	0.6043	−0.030%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0254%	4h	0.6043	−0.025%	$18.2M	$30.8M	20x	as long as short
Lighter RH PONS	+0.0256%	1h	0.6045	+0.012%	$422K	$2.5M	3x	as long as short
Bitget PONSUSDT	+0.0294%	4h	0.6048	+0.058%	$4.7M	$11.4M	20x	as long as short
Nado PONS-PERPshort	+0.0315%	1h	0.6046	+0.020%	$71K	$132K	5x
Aster PONSUSDT	+0.0356%	4h	0.6045	+0.005%	$1.1M	$2.0M	20x	as long as short
Lighter PONS	+0.0368%	1h	0.6046	+0.018%	$1.7M	$883K	3x	as long as short
BingX PONS-USDT	+0.0390%	4h	0.6048	+0.058%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0400%	1h	0.6048	+0.050%	$250K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0402%	4h	0.6048	+0.058%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDTlong	+0.0402%	4h	0.6044	long leg	$39.6M	$95.9M	20x
edgeX PONSUSDC	+0.0411%	4h	0.6023	−0.355%	$21K	$293K	10x	as long as short
BloFin PONS-USDT	+0.0646%	4h	0.6065	+0.339%	$1.8M	$984K	20x	as long as short
Gate PONS_USDT	+0.0678%	4h	0.6035	−0.157%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0732%	1h	0.6049	+0.073%	$61.6M	$28.7M	3x	as long as short
Polymarket Perps PONS-USD	+0.0781%	1h	0.6050	+0.088%	$46K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6044	−0.015%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6022	−0.379%	$31K	$107K	3x	as long as short