Funding you earn now, next payment 01:00 UTC+0.1514%/8h= +165.8% APRpaid last 24h −0.023%
Price spread now: Nado against Gate+0.315%7-day average +0.058% · 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−$120as in the Price arb table
costs, in and out, $10k−$1461.455% of the position
Funding, last 3 days (all we have)−0.216%−$22 on $10k
+Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.315%, 7d avg +0.058%
=Together, before fees−0.319%+ Points / potential airdropNado: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Nado is 0.256% dearer against Gate than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.058%. Mind the row above: over the last 3 days funding on this pair cost −0.216%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.216% in total (about -24.5% a year). A funding rate is set anew for every payment. 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 | Gate PONS_USDT | 0.6037 | −0.1104 | get 0.0552% / 4h | 3h 55m | $5.3M | $6.1M | 20x |
| Short | Nado PONS-PERP | 0.6056 | 0.0410 | get 0.0051% / 1h | 55m 12s | $105K | $116K | 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
- $317.97
- Price spread: +0.315% → +0.058%
- $25.63
- Slippage, 4 orders
- −$130.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- $198.05
- Costs to cover
- 1.455%
- Break-even
- 2.6 days
Slippage from Gate: live order book, 3 min ago; Nado: live order book, 8 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 | 1.65 bp | 26.7 bp −$27 | 209.0 bp −$2,090 | doesn't fit | doesn't fit |
| Sell Nado live order book, 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PONS_USDTlong | −0.1104% | 4h | 0.6037 | long leg | $5.3M | $6.1M | 20x | |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6041 | +0.066% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.118% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6046 | +0.149% | $423K | $2.5M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6051 | +0.232% | $20K | $417K | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6046 | +0.149% | $13.7M | $57.2M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6066 | +0.475% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6071 | +0.565% | $33K | $357K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6052 | +0.247% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6054 | +0.273% | — | $1.4M | 10x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.0100% | 1h | 0.6046 | +0.141% | $27K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6058 | +0.348% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6054 | +0.282% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0150% | 4h | 0.6046 | +0.151% | $1.7M | $3.8M | 20x | as long as short |
| Aevo PONS-PERP | +0.0160% | 1h | 0.6053 | +0.260% | $377 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0160% | 4h | 0.6046 | +0.154% | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.0186% | 4h | 0.6049 | +0.204% | $4.7M | $11.7M | 20x | as long as short |
| Lighter PONS | +0.0200% | 1h | 0.6047 | +0.166% | $1.7M | $894K | 3x | as long as short |
| Binance PONSUSDT | +0.0302% | 4h | 0.6049 | +0.199% | $39.6M | $97.9M | 20x | as long as short |
| MEXC PONS_USDT | +0.0302% | 4h | 0.6048 | +0.182% | $7.9M | $4.8M | 20x | as long as short |
| Extended PONS-USD | +0.0304% | 1h | 0.6045 | +0.130% | $250K | $679K | 5x | as long as short |
| edgeX PONSUSDC | +0.0317% | 4h | 0.6066 | +0.483% | $21K | $292K | 10x | as long as short |
| Nado PONS-PERPshort | +0.0410% | 1h | 0.6056 | +0.315% | $105K | $116K | 5x | |
| BloFin PONS-USDT | +0.0542% | 4h | 0.6051 | +0.232% | $1.7M | $1.0M | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6054 | +0.277% | $48K | $96K | 3x | as long as short |
| Bybit PONSUSDT | +0.0721% | 4h | 0.6045 | +0.133% | $18.2M | $31.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0808% | 1h | 0.6049 | +0.194% | $42K | $1.6M | 3x | as long as short |
| BingX PONS-USDT | +0.0916% | 4h | 0.6051 | +0.232% | — | $3.1M | — | as long as short |
| Hyperliquid PONS | +0.1108% | 1h | 0.6050 | +0.224% | $61.6M | $30.0M | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6073 | +0.601% | $31K | $113K | 3x | as long as short |
Gate PONS_USDT
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Aster PONSUSDT
Bitget PONSUSDT
Lighter PONS
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
edgeX PONSUSDC
BloFin PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Polymarket Perps PONS-USD
BingX PONS-USDT
Hyperliquid PONS
Phoenix PONS