PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h −0.103%

Price spread now: Nado against Hyperliquid−0.015%7-day average −0.009% · 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−$129as in the Price arb table

costs, in and out, $10k−$1281.283% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.168%−$17 on $10k

Price spread, last 3 days (all we have)+0.205%+$20 · spread now −0.015%, 7d avg −0.009%

Together, before fees+0.037%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PONS	0.5959	0.0659	pay 0.0082% / 1h	28m 16s	$60.1M	$30.1M	3x
Short	Nado PONS-PERP	0.5958	0.0229	get 0.0029% / 1h	28m 16s	$90K	$103K	5x

Funding history

latest

Range statsloading…

Nado against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee HyperliquidbpFee NadobpOrdersPrice spread, now −0.015%Rate

Slippage from Hyperliquid: live order book, 5 min ago; Nado: live order book, 45 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 5 min ago	0.59 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 45 min ago	16.14 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit

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 −0.0034%	1h	0.5950	−0.157%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.178%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5966	+0.119%	$18K	$437K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5951	−0.133%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5952	−0.116%	$13.5M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5952	−0.107%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5952	−0.109%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5935	−0.397%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5941	−0.292%	$34K	$347K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5954	−0.079%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5959	+0.008%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5953	−0.099%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5965	+0.099%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5954	−0.082%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5953	−0.093%	$371	—	3x	as long as short
Aster PONSUSDT	+0.0130%	4h	0.5954	−0.078%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0160%	4h	0.5951	−0.133%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0167%	4h	0.5955	−0.065%	$38.7M	$97.7M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5955	−0.068%	$246K	$667K	5x	as long as short
BingX PONS-USDT	+0.0170%	4h	0.5950	−0.149%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0174%	4h	0.5941	−0.296%	$21K	$294K	10x	as long as short
Nado PONS-PERPshort	+0.0229%	1h	0.5958	−0.015%	$90K	$103K	5x
Lighter RH PONS	+0.0320%	1h	0.5955	−0.065%	$413K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0402%	4h	0.5955	−0.065%	$1.7M	$976K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5962	+0.059%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0478%	1h	0.5960	+0.020%	$37K	$1.7M	3x	as long as short
Hyperliquid PONSlong	+0.0659%	1h	0.5959	long leg	$60.1M	$30.1M	3x
Lighter PONS	+0.0768%	1h	0.5955	−0.065%	$1.7M	$998K	3x	as long as short
Gate PONS_USDT	+0.1242%	4h	0.5951	−0.133%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5941	−0.299%	$30K	$96K	3x	as long as short