Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.066%

Price spread now: Nado against HTX−0.128%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$437as in the Price arb table

costs, in and out, $10k−$4304.300% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.166%+$17 on $10k

Price spread, last 4 days (all we have)−0.480%−$48 · spread now −0.128%, 7d avg −0.053%

Together, before fees−0.314%+ Points / potential airdropNado: Active · farm board−$31 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 0.075% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6387	0.0100	pay 0.0050% / 4h	2h 58m	$67K	$529K	20x
Short	Nado PONS-PERP	0.6379	0.0100	get 0.0012% / 1h	58m 58s	$74K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → −0.053%: −$7.54
Slippage, 4 orders: −$417.96
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 0 bp × 2 orders: $0
Net: −$437.5
Costs to cover: 4.300%
Break-even: never at this rate

Slippage from HTX: live order book, 35 min ago; Nado: live order book, 24 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 HTX live order book, 35 min ago	32.92 bp	140.9 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 24 min ago	16.15 bp	47.4 bp −$47	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 +0.0032% / S −0.0030%	1h	0.6394	+0.106%	$251K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−7.028%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6379	−0.132%	$23K	$427K	20x	as long as short
Nado PONS-PERPshort	+0.0100%	1h	0.6379	−0.128%	$74K	$130K	5x
ApeX Omni PONSUSDT	+0.0100%	1h	0.6402	+0.235%	$32K	$286K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6376	−0.172%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6369	−0.290%	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6367	−0.319%	$27K	$625K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6387	long leg	$67K	$529K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6370	−0.272%	$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	+0.0272%	1h	0.6369	−0.291%	$397	—	3x	as long as short
Lighter RH PONS	+0.0336%	1h	0.6374	−0.211%	$432K	$2.6M	3x	as long as short
Lighter PONS	+0.0400%	1h	0.6370	−0.276%	$1.8M	$835K	3x	as long as short
Hyperliquid PONS	+0.0435%	1h	0.6367	−0.327%	$65.3M	$31.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0447%	1h	0.6375	−0.194%	$74K	$2.2M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0488%	4h	0.6364	−0.366%	$14.6M	$61.3M	20x	as long as short
Aster PONSUSDT	+0.0516%	4h	0.6369	−0.291%	$1.2M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0568%	4h	0.6362	−0.398%	$1.8M	$4.2M	20x	as long as short
Variational Omni PONS	+0.0691%	4h	0.6407	+0.304%	$1.6M	$4.5M	—	as long as short
MEXC PONS_USDT	+0.0756%	4h	0.6366	−0.335%	$8.1M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0757%	4h	0.6370	−0.276%	$42.2M	$103.0M	20x	as long as short
Extended PONS-USD	+0.0760%	1h	0.6367	−0.315%	$107K	$807K	5x	as long as short
edgeX PONSUSDC	+0.0765%	4h	0.6397	+0.147%	$19K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0786%	4h	0.6366	−0.341%	$5.2M	$13.5M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6380	−0.124%	$48K	$78K	3x	as long as short
BloFin PONS-USDT	+0.0997%	4h	0.6371	−0.257%	$1.9M	$1.1M	20x	as long as short
Bybit PONSUSDT	+0.1183%	4h	0.6368	−0.304%	$19.4M	$33.2M	20x	as long as short
BingX PONS-USDT	+0.1200%	4h	0.6363	−0.382%	—	$3.1M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6405	+0.283%	$49K	$155K	3x	as long as short
Gate PONS_USDT	+0.3162%	4h	0.6366	−0.335%	$5.6M	$6.4M	20x	as long as short