Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0209%/8h= +22.8% APRpaid last 24h −0.021%

Price spread now: Nado against MEXC+0.261%7-day average −0.001% · 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−$75as in the Price arb table

costs, in and out, $10k−$1011.014% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.147%−$15 on $10k

Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.261%, 7d avg −0.001%

Together, before fees−0.365%+ Points / potential airdropNado: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 0.262% dearer against MEXC than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 3 days funding on this pair cost −0.147%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.6059	0.0388	pay 0.0194% / 4h	3h 03m	$7.9M	$4.9M	20x
Short	Nado PONS-PERP	0.6075	0.0597	get 0.0075% / 1h	3m 00s	$105K	$115K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now +0.261%Rate

Funding earned: $43.79
Price spread: +0.261% → −0.001%: $26.21
Slippage, 4 orders: −$101.36
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 0 bp × 2 orders: $0
Net: −$31.35
Costs to cover: 1.014%
Break-even: 12.0 days

Slippage from MEXC: live order book, 4 min ago; Nado: live order book, 60 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 MEXC live order book, 4 min ago	0.81 bp	2.2 bp −$2	10.4 bp −$104	299.0 bp −$29.9K	doesn't fit
Sell Nado live order book, 60 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
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6062	+0.044%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.477%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.248%	$20K	$414K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	+0.765%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6065	+0.096%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6076	+0.274%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6070	+0.183%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6066	+0.122%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6092	+0.538%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6058	−0.017%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0120%	1h	0.6062	+0.048%	$426K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6069	+0.157%	$378	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0229%	4h	0.6053	−0.099%	$13.9M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0232%	4h	0.6069	+0.158%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0290%	4h	0.6055	−0.074%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0326%	4h	0.6065	+0.107%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDTlong	+0.0388%	4h	0.6059	long leg	$7.9M	$4.9M	20x
Binance PONSUSDT	+0.0397%	4h	0.6060	+0.023%	$39.9M	$96.1M	20x	as long as short
Extended PONS-USD	+0.0400%	1h	0.6056	−0.045%	$250K	$677K	5x	as long as short
edgeX PONSUSDC	+0.0409%	4h	0.6139	+1.316%	$21K	$292K	10x	as long as short
Lighter PONS	+0.0448%	1h	0.6068	+0.149%	$1.7M	$946K	3x	as long as short
Bybit PONSUSDT	+0.0569%	4h	0.6056	−0.050%	$18.3M	$30.8M	20x	as long as short
BingX PONS-USDT	+0.0589%	4h	0.6060	+0.017%	—	$3.1M	—	as long as short
Nado PONS-PERPshort	+0.0597%	1h	0.6075	+0.261%	$105K	$115K	5x
BloFin PONS-USDT	+0.0637%	4h	0.6059	0.000%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6072	+0.211%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0798%	1h	0.6072	+0.221%	$46K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0852%	1h	0.6059	+0.008%	$61.6M	$28.9M	3x	as long as short
Gate PONS_USDT	+0.1416%	4h	0.6055	−0.066%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6089	+0.498%	$32K	$113K	3x	as long as short