Funding you earn now, next payment 07:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.067%
Price spread now: Nado against Gate−0.186%50s7-day average +0.057% · 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—prices read too far apart to compare
costs, in and out, $10k−$1441.436% of the position
Funding, last 3 days (all we have)−0.322%−$32 on $10k
+Price spread, last 4 days (all we have)+0.397%+$40 · spread now −0.186%, 7d avg +0.057%
=Together, before fees+0.076%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.243% cheaper against Gate than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.057%). Swap the legs. The two prices were read 50 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 | Gate PONS_USDT | 0.5906 | 0.0272 | pay 0.0136% / 4h | 1h 55m | $5.2M | $6.3M | 20x |
| Short | Nado PONS-PERP | 0.5895 | 0.0100 | get 0.0012% / 1h | 55m 34s | $69K | $131K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Gate. 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
- −$36.12
- Price spread: −0.186% → +0.057%
- −$24.31
- Slippage, 4 orders
- −$128.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$204.07
- Costs to cover
- 1.436%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Nado: live order book, 43 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 Gate live order book, 3 min ago | 1.69 bp | 26.6 bp −$27 | 169.9 bp −$1,699 | doesn't fit | doesn't fit |
| Sell Nado live order book, 43 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 | 0.5891 | −0.251% | $234K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.075% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5910 | +0.066% | $407K | $2.5M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5906 | 0.000% | $21K | $421K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5903 | −0.051% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERPshort | +0.0100% | 1h | 0.5895 | −0.186% | $69K | $131K | 5x | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5896 | −0.174% | $29K | $329K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5904 | −0.032% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5898 | −0.139% | $25K | $589K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5913 | +0.122% | $64K | $524K | 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 | 0.5900 | −0.102% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0224% | 1h | 0.5897 | −0.154% | $367 | — | 3x | as long as short |
| Gate PONS_USDTlong | +0.0272% | 4h | 0.5906 | long leg | $5.2M | $6.3M | 20x | |
| Hyperliquid PONS | +0.0344% | 1h | 0.5914 | +0.135% | $60.1M | $29.6M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0430% | 4h | 0.5910 | +0.068% | $13.4M | $55.7M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0449% | 1h | 0.5898 | −0.135% | $91K | $1.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0469% | 4h | 0.5903 | −0.050% | $1.1M | $2.2M | 20x | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5912 | +0.103% | $45K | $69K | 3x | as long as short |
| Binance PONSUSDT | +0.0571% | 4h | 0.5906 | 0.000% | $37.1M | $98.6M | 20x | as long as short |
| Extended PONS-USD | +0.0576% | 1h | 0.5911 | +0.093% | $101K | $811K | 5x | as long as short |
| MEXC PONS_USDT | +0.0578% | 4h | 0.5912 | +0.102% | $7.5M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0599% | 4h | 0.5920 | +0.233% | $20K | $293K | 10x | as long as short |
| Bitget PONSUSDT | +0.0654% | 4h | 0.5911 | +0.090% | $4.7M | $12.2M | 20x | as long as short |
| Variational Omni PONS | +0.0661% | 4h | 0.5894 | −0.204% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0684% | 4h | 0.5910 | +0.075% | $1.6M | $3.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0822% | 4h | 0.5905 | −0.017% | $1.7M | $956K | 20x | as long as short |
| BingX PONS-USDT | +0.0882% | 4h | 0.5906 | 0.000% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0915% | 4h | 0.5902 | −0.068% | $17.6M | $31.5M | 20x | as long as short |
| Lighter PONS | +0.0952% | 1h | 0.5913 | +0.124% | $1.6M | $822K | 3x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5909 | +0.044% | $45K | $120K | 3x | as long as short |
Gate PONS_USDT
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Hyperliquid PONS
OKX PONS-USDT-SWAP
Polymarket Perps PONS-USD
Aster PONSUSDT
Pacifica PONS
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
Bitget PONSUSDT
Variational Omni PONS
KuCoin PONSUSDTM
BloFin PONS-USDT
BingX PONS-USDT
Bybit PONSUSDT
Lighter PONS
Phoenix PONS