PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0578%/8h= +63.3% APRnext payment +$0.72 per $10,000 · paid last 24h +0.084%

Price spread now: Nado against Injective+2.585%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Nado is 2.585% dearer against Injective than usual: you sell high and buy low: +$259 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Injective PONS/USDC PERP	0.5969	0.0033	pay 0.0004% / 1h	28m 16s	$614	$10K	5.5x
Short	Nado PONS-PERP	0.6124	0.0612	get 0.0076% / 1h	28m 16s	$106K	$115K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now +2.585%Rate

Funding earned: $121.44
Price spread: +2.585% → 0.000%: $258.54
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 0 bp × 2 orders: $0
Net: $379.96
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Nado: live order book, 35 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 35 min ago	13.85 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.6118	+2.485%	$242K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	0.5969	long leg	$614	$10K	5.5x
Lighter RH PONS	+0.0096%	1h	0.6124	+2.588%	$433K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6129	+2.672%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	+2.262%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6102	+2.220%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6135	+2.769%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6130	+2.692%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6127	+2.640%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6122	+2.553%	$65K	$510K	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	0.6106	+2.287%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6130	+2.689%	$382	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0172%	4h	0.6127	+2.638%	$14.0M	$57.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0190%	4h	0.6126	+2.622%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0242%	4h	0.6131	+2.714%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0268%	4h	0.6125	+2.602%	$1.1M	$2.1M	20x	as long as short
edgeX PONSUSDC	+0.0344%	4h	0.6106	+2.286%	$21K	$294K	10x	as long as short
MEXC PONS_USDT	+0.0352%	4h	0.6129	+2.672%	$8.0M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0358%	4h	0.6128	+2.655%	$40.2M	$96.7M	20x	as long as short
Extended PONS-USD	+0.0360%	1h	0.6127	+2.633%	$253K	$679K	5x	as long as short
Lighter PONS	+0.0472%	1h	0.6124	+2.588%	$1.7M	$926K	3x	as long as short
BloFin PONS-USDT	+0.0593%	4h	0.6107	+2.303%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERPshort	+0.0612%	1h	0.6124	+2.585%	$106K	$115K	5x
Pacifica PONS	+0.0665%	1h	0.6126	+2.620%	$48K	$78K	3x	as long as short
BingX PONS-USDT	+0.0682%	4h	0.6129	+2.672%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0712%	4h	0.6127	+2.638%	$18.4M	$30.9M	20x	as long as short
Polymarket Perps PONS-USD	+0.0778%	1h	0.6128	+2.659%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0902%	1h	0.6129	+2.674%	$62.3M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.1058%	4h	0.6119	+2.504%	$5.4M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6110	+2.350%	$32K	$113K	3x	as long as short