PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.022%

Price spread now: Nado against Extended+0.054%7-day average +0.026% · 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−$146as in the Price arb table

costs, in and out, $10k−$1491.488% of the position

Long on Extended Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.143%−$14 on $10k

Price spread, last 4 days (all we have)+0.512%+$51 · spread now +0.054%, 7d avg +0.026%

Together, before fees+0.369%+ Points / potential airdropExtended: Active · Nado: Active · farm board+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.028% dearer against Extended than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.026%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.6031	0.0392	pay 0.0049% / 1h	44m 33s	$249K	$682K	5x
Short	Nado PONS-PERP	0.6034	0.0293	get 0.0037% / 1h	44m 33s	$71K	$132K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Extended. 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 ExtendedbpFee NadobpOrdersPrice spread, now +0.054%Rate

Funding earned: −$20.87
Price spread: +0.054% → +0.026%: $2.78
Slippage, 4 orders: −$143.8
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Nado: 0 bp × 2 orders: $0
Net: −$166.9
Costs to cover: 1.488%
Break-even: never at this rate

Slippage from Extended: live order book, 23 min ago; Nado: live order book, 14 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 Extended live order book, 23 min ago	11.01 bp	25.4 bp −$25	193.8 bp −$1,938	doesn't fit	doesn't fit
Sell Nado live order book, 14 min ago	14.65 bp	48.6 bp −$49	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/USD	L +0.0033% / S −0.0033%	1h	0.6011	−0.328%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.023%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6038	+0.113%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6019	−0.201%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6030	−0.026%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6019	−0.197%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6022	−0.146%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6020	−0.179%	$26K	$530K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6042	+0.173%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6020	−0.185%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6016	−0.245%	$375	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0207%	4h	0.6041	+0.163%	$13.8M	$55.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0218%	4h	0.6026	−0.083%	$1.7M	$3.7M	20x	as long as short
Lighter RH PONS	+0.0224%	1h	0.6029	−0.038%	$421K	$2.5M	3x	as long as short
Bybit PONSUSDT	+0.0261%	4h	0.6039	+0.130%	$18.2M	$30.8M	20x	as long as short
Lighter PONS	+0.0280%	1h	0.6028	−0.058%	$1.7M	$883K	3x	as long as short
Bitget PONSUSDT	+0.0290%	4h	0.6043	+0.193%	$4.7M	$11.3M	20x	as long as short
Nado PONS-PERPshort	+0.0293%	1h	0.6034	+0.054%	$71K	$132K	5x
Aster PONSUSDT	+0.0327%	4h	0.6020	−0.185%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0390%	4h	0.6035	+0.063%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0390%	4h	0.6039	+0.122%	$39.6M	$95.9M	20x	as long as short
Extended PONS-USDlong	+0.0392%	1h	0.6031	long leg	$249K	$682K	5x
MEXC PONS_USDT	+0.0394%	4h	0.6032	+0.014%	$7.8M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0411%	4h	0.6023	−0.135%	$21K	$293K	10x	as long as short
BloFin PONS-USDT	+0.0646%	4h	0.6065	+0.561%	$1.8M	$984K	20x	as long as short
Gate PONS_USDT	+0.0670%	4h	0.6022	−0.152%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0706%	1h	0.6029	−0.038%	$61.3M	$28.7M	3x	as long as short
Polymarket Perps PONS-USD	+0.0791%	1h	0.6036	+0.083%	$46K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6031	+0.001%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6064	+0.544%	$31K	$107K	3x	as long as short