PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.1148%/8h= +125.7% APRnext payment +$1.44 per $10,000 · paid last 24h +0.208%

Price spread now: Lighter against Nado−0.109%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.109% cheaper against Nado than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 8 hours of funding at the current rate (+$34 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.5940	0.0100	pay 0.0012% / 1h	34m 05s	$73K	$95K	5x
Short	Lighter PONS	0.5934	0.1248	get 0.0156% / 1h	34m 05s	$1.7M	$856K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.109%Rate

Funding earned: $241.08
Price spread: −0.109% → 0.000%: −$10.87
Slippage, 4 orders: no order book: not counted
Fee Nado: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $230.21
Costs to cover: 0.000%
Break-even: 0.3 days

Slippage unknown: Nado: no order-book sample; Lighter: live order book, 3 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 Nado no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	3.53 bp	7.4 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit

Nado: 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
Gate PONS_USDT	−0.0120%	4h	0.5929	−0.193%	$5.2M	$7.0M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	0.5929	−0.189%	$212K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5863	−1.306%	$603	$3K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5936	−0.075%	$21K	$478K	20x	as long as short
Nado PONS-PERPlong	+0.0100%	1h	0.5940	long leg	$73K	$95K	5x
Hyperliquid PONS	+0.0100%	1h	0.5926	−0.242%	$58.8M	$29.5M	3x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5921	−0.327%	$17.8M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5922	−0.311%	$13.4M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5929	−0.184%	$1.8M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5923	−0.299%	$4.6M	$11.5M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0100%	4h	0.5948	+0.129%	$1.3M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5941	+0.007%	$34K	$317K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5941	+0.016%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5948	+0.127%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5927	−0.218%	$27K	$528K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5936	−0.070%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5921	−0.327%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0136%	1h	0.5936	−0.076%	$370	—	3x	as long as short
BingX PONS-USDT	+0.0180%	4h	0.5922	−0.311%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0190%	4h	0.5948	+0.120%	$21K	$293K	10x	as long as short
MEXC PONS_USDT	+0.0206%	4h	0.5923	−0.294%	$7.4M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0207%	4h	0.5925	−0.255%	$38.5M	$98.7M	20x	as long as short
Extended PONS-USD	+0.0208%	1h	0.5925	−0.263%	$91K	$528K	5x	as long as short
Lighter RH PONS	+0.0256%	1h	0.5934	−0.109%	$398K	$2.5M	3x	as long as short
Aster PONSUSDT	+0.0261%	4h	0.5931	−0.157%	$1.1M	$2.2M	20x	as long as short
Pacifica PONS	+0.0279%	1h	0.5941	+0.002%	$47K	$111K	3x	as long as short
BloFin PONS-USDT	+0.0447%	4h	0.5949	+0.144%	$1.7M	$990K	20x	as long as short
Polymarket Perps PONS-USD	+0.0465%	1h	0.5936	−0.077%	$49K	$1.8M	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5944	+0.065%	$27K	$80K	3x	as long as short
Lighter PONSshort	+0.1248%	1h	0.5934	−0.109%	$1.7M	$856K	3x