PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h +0.040%

Price spread now: Nado against Aevo+0.084%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.084% dearer against Aevo than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.6149	0.0232	pay 0.0029% / 1h	18m 56s	$383	—	3x
Short	Nado PONS-PERP	0.6154	0.0100	get 0.0012% / 1h	18m 56s	$72K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aevo. 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 AevobpFee NadobpOrdersPrice spread, now +0.084%Rate

Funding earned: −$27.72
Price spread: +0.084% → 0.000%: $8.41
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Nado: 0 bp × 2 orders: $0
Net: −$35.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Nado: live order book, 9 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 Aevo no order-book sample	—	—	—	—	—
Sell Nado live order book, 9 min ago	14.91 bp	54.3 bp −$54	doesn't fit	doesn't fit	doesn't fit

Aevo: 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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0029%	1h	0.6144	−0.077%	$234K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6159	+0.163%	$23K	$455K	20x	as long as short
Nado PONS-PERPshort	+0.0100%	1h	0.6154	+0.084%	$72K	$130K	5x
ApeX Omni PONSUSDT	+0.0100%	1h	0.6139	−0.164%	$30K	$300K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6154	+0.088%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6150	+0.010%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6148	−0.016%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6154	+0.088%	$66K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6141	−0.130%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERPlong	+0.0232%	1h	0.6149	long leg	$383	—	3x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0411%	4h	0.6147	−0.033%	$13.9M	$60.5M	20x	as long as short
Gate PONS_USDT	+0.0454%	4h	0.6149	0.000%	$5.5M	$6.6M	20x	as long as short
Lighter RH PONS	+0.0456%	1h	0.6148	−0.016%	$417K	$2.7M	3x	as long as short
Lighter PONS	+0.0472%	1h	0.6151	+0.033%	$1.7M	$855K	3x	as long as short
Aster PONSUSDT	+0.0476%	4h	0.6146	−0.055%	$1.1M	$2.4M	20x	as long as short
Variational Omni PONS	+0.0490%	4h	0.6128	−0.343%	$1.5M	$4.2M	—	as long as short
KuCoin PONSUSDTM	+0.0542%	4h	0.6153	+0.067%	$1.6M	$4.0M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6142	−0.115%	$46K	$77K	3x	as long as short
edgeX PONSUSDC	+0.0574%	4h	0.6138	−0.171%	$20K	$291K	10x	as long as short
MEXC PONS_USDT	+0.0582%	4h	0.6154	+0.081%	$7.8M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0584%	1h	0.6153	+0.072%	$103K	$828K	5x	as long as short
Binance PONSUSDT	+0.0587%	4h	0.6153	+0.065%	$39.9M	$105.1M	20x	as long as short
Hyperliquid PONS	+0.0621%	1h	0.6151	+0.039%	$62.5M	$30.4M	3x	as long as short
Bybit PONSUSDT	+0.0649%	4h	0.6150	+0.016%	$18.3M	$33.0M	20x	as long as short
BingX PONS-USDT	+0.0668%	4h	0.6153	+0.065%	—	$3.2M	—	as long as short
Bitget PONSUSDT	+0.0702%	4h	0.6155	+0.096%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0827%	4h	0.6148	−0.016%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.1042%	1h	0.6159	+0.163%	$73K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.423%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6131	−0.294%	$47K	$127K	3x	as long as short