Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.071%
Price spread now: Phemex against Nado+0.049%7-day average +0.007% · 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−$204as in the Price arb table
costs, in and out, $10k−$2082.082% of the position
Funding, last 3 days (all we have)−0.139%−$14 on $10k
+Price spread, last 3 days (all we have)+0.094%+$9 · spread now +0.049%, 7d avg +0.007%
=Together, before fees−0.045%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.042% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado PONS-PERP | 0.6125 | 0.0100 | pay 0.0012% / 1h | 45m 26s | $87K | $107K | 5x |
| Short | Phemex PONSUSDT | 0.6128 | 0.0100 | get 0.0050% / 4h | 45m 26s | $1.7M | $3.3M | 20x |
Nado PONS-PERP
Phemex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Nado. 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
- $0
- Price spread: +0.049% → +0.007%
- $4.18
- Slippage, 4 orders
- −$196.17
- Fee Nado: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$203.99
- Costs to cover
- 2.082%
- Break-even
- 20957603300208288.0 days
Slippage from Nado: live order book, 23 min ago; Phemex: live order book, 3 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, 23 min ago | 17.17 bp | 54.8 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 0.81 bp | 44.0 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −2.539% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0036% | 1h | 0.6128 | +0.047% | $230K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6124 | −0.016% | $21K | $462K | 20x | as long as short |
| Nado PONS-PERPlong | +0.0100% | 1h | 0.6125 | long leg | $87K | $107K | 5x | |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6121 | −0.065% | $18.5M | $31.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6120 | −0.082% | $13.9M | $58.3M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6139 | +0.224% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6126 | +0.016% | $33K | $360K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6140 | +0.248% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6144 | +0.315% | — | $1.4M | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.0100% | 1h | 0.6133 | +0.139% | $28K | $551K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6153 | +0.465% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDTshort | +0.0100% | 4h | 0.6128 | +0.049% | $1.7M | $3.3M | 20x | |
| KuCoin PONSUSDTM | +0.0110% | 4h | 0.6123 | −0.034% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0118% | 4h | 0.6123 | −0.026% | $4.8M | $11.7M | 20x | as long as short |
| Aevo PONS-PERP | +0.0160% | 1h | 0.6130 | +0.082% | $382 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0193% | 4h | 0.6125 | +0.003% | $1.1M | $2.2M | 20x | as long as short |
| Lighter RH PONS | +0.0296% | 1h | 0.6132 | +0.113% | $428K | $2.6M | 3x | as long as short |
| Extended PONS-USD | +0.0296% | 1h | 0.6127 | +0.031% | $254K | $682K | 5x | as long as short |
| MEXC PONS_USDT | +0.0296% | 4h | 0.6126 | +0.016% | $8.1M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0296% | 4h | 0.6125 | +0.008% | $40.0M | $99.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0302% | 4h | 0.6122 | −0.049% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0305% | 4h | 0.6150 | +0.413% | $21K | $294K | 10x | as long as short |
| Lighter PONS | +0.0360% | 1h | 0.6132 | +0.113% | $1.7M | $921K | 3x | as long as short |
| BloFin PONS-USDT | +0.0544% | 4h | 0.6126 | +0.016% | $1.7M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0696% | 1h | 0.6125 | −0.007% | $42K | $1.7M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6124 | −0.011% | $48K | $96K | 3x | as long as short |
| Hyperliquid PONS | +0.0961% | 1h | 0.6126 | +0.010% | $62.2M | $30.8M | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6150 | +0.416% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2104% | 4h | 0.6121 | −0.065% | $5.4M | $6.2M | 20x | as long as short |
SoDEX PONS-USD
HTX PONS-USDT
KuCoin PONSUSDTM
Bitget PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
Lighter RH PONS
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
BingX PONS-USDT
edgeX PONSUSDC
Lighter PONS
BloFin PONS-USDT
Polymarket Perps PONS-USD
Pacifica PONS
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT