PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0500%/8h= −54.8% APRnext payment −$0.63 per $10,000 · paid last 24h −0.034%

Price spread now: Nado against Extended−0.030%7-day average +0.025% · 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−$153as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.596%+$60 · spread now −0.030%, 7d avg +0.025%

Together, before fees+0.426%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Nado is 0.054% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.169% in total (about -17.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 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	Extended PONS-USD	0.6166	0.0600	pay 0.0075% / 1h	8m 08s	$103K	$827K	5x
Short	Nado PONS-PERP	0.6164	0.0100	get 0.0012% / 1h	8m 08s	$72K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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 ExtendedbpFee NadobpOrdersPrice spread, now −0.030%Rate

Funding earned: −$105
Price spread: −0.030% → +0.025%: −$5.43
Slippage, 4 orders: −$142.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 0 bp × 2 orders: $0
Net: −$258
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; Nado: live order book, 20 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 Extended live order book, 30 min ago	10.96 bp	25.5 bp −$25	181.4 bp −$1,814	doesn't fit	doesn't fit
Sell Nado live order book, 20 min ago	14.91 bp	54.3 bp −$54	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 +0.0032% / S −0.0029%	1h	0.6157	−0.143%	$236K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6164	−0.025%	$23K	$456K	20x	as long as short
Nado PONS-PERPshort	+0.0100%	1h	0.6164	−0.030%	$72K	$130K	5x
ApeX Omni PONSUSDT	+0.0100%	1h	0.6163	−0.048%	$30K	$299K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6169	+0.057%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6157	−0.136%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6164	−0.030%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6188	+0.357%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6166	+0.007%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6166	+0.007%	$384	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0412%	4h	0.6162	−0.058%	$14.0M	$60.7M	20x	as long as short
Gate PONS_USDT	+0.0420%	4h	0.6160	−0.090%	$5.5M	$6.6M	20x	as long as short
Aster PONSUSDT	+0.0460%	4h	0.6165	−0.002%	$1.1M	$2.3M	20x	as long as short
Lighter RH PONS	+0.0488%	1h	0.6166	+0.007%	$416K	$2.7M	3x	as long as short
Variational Omni PONS	+0.0501%	4h	0.6158	−0.127%	$1.5M	$4.2M	—	as long as short
KuCoin PONSUSDTM	+0.0508%	4h	0.6163	−0.038%	$1.6M	$4.0M	20x	as long as short
Lighter PONS	+0.0536%	1h	0.6167	+0.026%	$1.7M	$858K	3x	as long as short
Hyperliquid PONS	+0.0555%	1h	0.6160	−0.092%	$62.9M	$30.5M	3x	as long as short
Pacifica PONS	+0.0572%	1h	0.6166	+0.012%	$46K	$77K	3x	as long as short
Extended PONS-USDlong	+0.0600%	1h	0.6166	long leg	$103K	$827K	5x
MEXC PONS_USDT	+0.0600%	4h	0.6166	+0.007%	$7.8M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0602%	4h	0.6166	0.000%	$40.0M	$105.2M	20x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.6162	−0.057%	$20K	$290K	10x	as long as short
Bybit PONSUSDT	+0.0664%	4h	0.6165	−0.009%	$18.5M	$33.0M	20x	as long as short
BingX PONS-USDT	+0.0668%	4h	0.6166	+0.007%	—	$3.2M	—	as long as short
Bitget PONSUSDT	+0.0694%	4h	0.6165	−0.011%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0842%	4h	0.6165	−0.009%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.1000%	1h	0.6164	−0.030%	$73K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.683%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6161	−0.079%	$47K	$127K	3x	as long as short