Funding you earn now, next payment 11:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.26 per $10,000 · paid last 24h −0.037%
Price spread now: Nado against Lighter RH−0.005%7-day average −0.023% · 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−$101as in the Price arb table
costs, in and out, $10k−$1031.028% of the position
Funding, last 4 days (all we have)−0.261%−$26 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.005%, 7d avg −0.023%
=Together, before fees−0.132%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.6300 | 0.0304 | pay 0.0038% / 1h | 4m 11s | $461K | $2.7M | 3x |
| Short | Nado PONS-PERP | 0.6300 | 0.0100 | get 0.0012% / 1h | 4m 11s | $77K | $92K | 5x |
Lighter RH PONS
Nado PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter RH. 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
- −$42.84
- Price spread: −0.005% → −0.023%
- $1.86
- Slippage, 4 orders
- −$102.81
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$143.79
- Costs to cover
- 1.028%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Nado: live order book, 41 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 Lighter RH live order book, 2 min ago | 3.73 bp | 5.1 bp −$5 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Nado live order book, 41 min ago | 17.37 bp | 48.5 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
PONS on 30 exchanges
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 | 0.6295 | −0.091% | $248K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | −5.743% | $610 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6304 | +0.059% | $22K | $395K | 20x | as long as short |
| Nado PONS-PERPshort | +0.0100% | 1h | 0.6300 | −0.005% | $77K | $92K | 5x | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6276 | −0.392% | $31K | $285K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6307 | +0.105% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6301 | +0.006% | — | $845K | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6301 | +0.011% | $27K | $596K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6297 | −0.057% | $65K | $549K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6299 | −0.021% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PONS_USDT | +0.0160% | 4h | 0.6296 | −0.068% | $5.4M | $6.5M | 20x | as long as short |
| Hyperliquid PONS | +0.0211% | 1h | 0.6299 | −0.021% | $64.6M | $29.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6303 | +0.038% | $393 | — | 3x | as long as short |
| Lighter PONS | +0.0264% | 1h | 0.6302 | +0.025% | $1.8M | $858K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0274% | 4h | 0.6297 | −0.052% | $14.0M | $59.1M | 20x | as long as short |
| Lighter RH PONSlong | +0.0304% | 1h | 0.6300 | long leg | $461K | $2.7M | 3x | |
| Aster PONSUSDT | +0.0440% | 4h | 0.6300 | 0.000% | $1.2M | $2.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0475% | 1h | 0.6303 | +0.046% | $89K | $2.0M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0492% | 4h | 0.6302 | +0.022% | $1.8M | $4.3M | 20x | as long as short |
| Binance PONSUSDT | +0.0592% | 4h | 0.6303 | +0.043% | $40.6M | $98.2M | 20x | as long as short |
| Extended PONS-USD | +0.0592% | 1h | 0.6301 | +0.010% | $181K | $854K | 5x | as long as short |
| edgeX PONSUSDC | +0.0595% | 4h | 0.6299 | −0.015% | $18K | $295K | 10x | as long as short |
| Variational Omni PONS | +0.0596% | 4h | 0.6303 | +0.040% | $1.5M | $3.9M | — | as long as short |
| MEXC PONS_USDT | +0.0598% | 4h | 0.6302 | +0.027% | $7.6M | $4.7M | 20x | as long as short |
| Pacifica PONS | +0.0616% | 1h | 0.6296 | −0.073% | $46K | $73K | 3x | as long as short |
| Bitget PONSUSDT | +0.0706% | 4h | 0.6304 | +0.057% | $5.0M | $13.1M | 20x | as long as short |
| BingX PONS-USDT | +0.0722% | 4h | 0.6291 | −0.148% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.0761% | 4h | 0.6298 | −0.037% | $18.9M | $31.6M | 20x | as long as short |
| BloFin PONS-USDT | +0.0833% | 4h | 0.6305 | +0.075% | $1.8M | $1.1M | 20x | as long as short |
| Phoenix PONS | +0.1637% | 1h | 0.6303 | +0.051% | $48K | $162K | 3x | as long as short |
Gate PONS_USDT
Hyperliquid PONS
Aevo PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Variational Omni PONS
MEXC PONS_USDT
Pacifica PONS
Bitget PONSUSDT
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Phoenix PONS