PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.072%

Price spread now: Nado against Popdex+0.016%7-day average −0.009% · 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−$276as in the Price arb table

costs, in and out, $10k−$2782.785% of the position

Long on Popdex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.159%+$16 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now +0.016%, 7d avg −0.009%

Together, before fees+0.252%+ Points / potential airdropNado: Active · farm board+$25 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: Nado is 0.026% dearer against Popdex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.6124	0.0096	pay 0.0012% / 1h	45m 15s	$21K	$462K	20x
Short	Nado PONS-PERP	0.6125	0.0100	get 0.0012% / 1h	45m 15s	$87K	$107K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Popdex. 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 PopdexbpFee NadobpOrdersPrice spread, now +0.016%Rate

Funding earned: $0.84
Price spread: +0.016% → −0.009%: $2.55
Slippage, 4 orders: −$272.06
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Nado: 0 bp × 2 orders: $0
Net: −$275.07
Costs to cover: 2.785%
Break-even: 2299.2 days

Slippage from Popdex: live order book, 34 min ago; Nado: live order book, 23 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 Popdex live order book, 34 min ago	10.77 bp	85.9 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 23 min ago	17.17 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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.523%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0034%	1h	0.6117	−0.122%	$236K	—	150x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.6124	long leg	$21K	$462K	20x
Nado PONS-PERPshort	+0.0100%	1h	0.6125	+0.016%	$87K	$107K	5x
Bybit PONSUSDT	+0.0100%	4h	0.6118	−0.098%	$18.5M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6120	−0.065%	$13.9M	$58.3M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6136	+0.192%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6126	+0.033%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6130	+0.103%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6133	+0.140%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6122	−0.024%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6146	+0.359%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6120	−0.065%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0110%	4h	0.6123	−0.021%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0118%	4h	0.6126	+0.028%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6124	−0.002%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0193%	4h	0.6122	−0.041%	$1.1M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0296%	1h	0.6132	+0.129%	$428K	$2.6M	3x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6123	−0.016%	$254K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0296%	4h	0.6126	+0.033%	$8.1M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0296%	4h	0.6126	+0.025%	$40.0M	$99.2M	20x	as long as short
BingX PONS-USDT	+0.0302%	4h	0.6120	−0.065%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0305%	4h	0.6150	+0.429%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0360%	1h	0.6132	+0.129%	$1.7M	$921K	3x	as long as short
BloFin PONS-USDT	+0.0544%	4h	0.6126	+0.033%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0696%	1h	0.6125	+0.010%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6124	+0.006%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0961%	1h	0.6126	+0.026%	$62.2M	$30.8M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6150	+0.433%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2104%	4h	0.6121	−0.049%	$5.3M	$6.2M	20x	as long as short