PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.086%

Price spread now: gTrade (Gains Network) against Nado−0.105%7-day average −0.140% · 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−$4,684as in the Price arb table

costs, in and out, $10k−$4,68846.879% of the position

Long on Nado Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.127%−$13 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.105%, 7d avg −0.140%

Together, before fees−0.175%+ Points / potential airdropNado: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.035% dearer against Nado than usual: you sell high and buy low (spread −0.105% now, against its 7-day average of −0.140%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 1 day (−0.127% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.5912	0.0100	pay 0.0012% / 1h	5m 08s	$69K	$131K	5x
Short	gTrade (Gains Network) PONS/USD	0.5906	L +0.0033% / S −0.0032%	get 0.0004% / 1h	5m 08s	$235K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Nado. 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 NadobpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.105%Rate

Funding earned: −$14.2
Price spread: −0.105% → −0.140%: $3.51
Slippage, 4 orders: −$4,675.88
Fee Nado: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,698.56
Costs to cover: 46.879%
Break-even: never at this rate

Slippage from Nado: live order book, 33 min ago; gTrade (Gains Network): virtual book (oracle venue), 44 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 Nado live order book, 33 min ago	16.44 bp	50.5 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 44 min ago	130.01 bp	2471.0 bp −$2,471	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/USDshort	L +0.0033% / S −0.0032%	1h	0.5906	−0.105%	$235K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.973%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5911	−0.014%	$406K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5912	0.000%	$21K	$424K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5916	+0.073%	$2K	$3K	10x	as long as short
Nado PONS-PERPlong	+0.0100%	1h	0.5912	long leg	$69K	$131K	5x
Gate PONS_USDT	+0.0100%	4h	0.5908	−0.068%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5905	−0.115%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5914	+0.029%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5912	0.000%	$25K	$585K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5918	+0.098%	$64K	$524K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5907	−0.085%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0226%	1h	0.5914	+0.026%	$60.0M	$29.5M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5913	+0.008%	$368	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0431%	4h	0.5910	−0.034%	$13.4M	$55.7M	20x	as long as short
Aster PONSUSDT	+0.0486%	4h	0.5915	+0.050%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0596%	4h	0.5913	+0.017%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0597%	4h	0.5914	+0.033%	$37.4M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.5908	−0.062%	$101K	$811K	5x	as long as short
edgeX PONSUSDC	+0.0619%	4h	0.5913	+0.010%	$20K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0644%	4h	0.5915	+0.058%	$4.7M	$12.2M	20x	as long as short
Variational Omni PONS	+0.0659%	4h	0.5914	+0.042%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0698%	4h	0.5910	−0.036%	$1.6M	$3.8M	20x	as long as short
Pacifica PONS	+0.0715%	1h	0.5915	+0.058%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0733%	1h	0.5912	+0.007%	$91K	$1.9M	3x	as long as short
Lighter PONS	+0.0824%	1h	0.5915	+0.047%	$1.7M	$939K	3x	as long as short
BloFin PONS-USDT	+0.0837%	4h	0.5911	−0.017%	$1.7M	$959K	20x	as long as short
BingX PONS-USDT	+0.0926%	4h	0.5911	−0.017%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0968%	4h	0.5912	0.000%	$17.6M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5911	−0.014%	$45K	$121K	3x	as long as short