PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.091%

Price spread now: Nado against Injective+2.515%49s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Nado is 2.515% dearer against Injective than usual: you sell high and buy low: +$252 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5969	−0.0047	get 0.0006% / 1h	24m 01s	$614	$10K	5.5x
Short	Nado PONS-PERP	0.6120	0.0100	get 0.0012% / 1h	24m 01s	$88K	$107K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now +2.515%Rate

Funding earned: $30.9
Price spread: +2.515% → 0.000%: $251.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 0 bp × 2 orders: $0
Net: $282.41
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Nado: live order book, 44 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 Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 44 min ago	17.17 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit

Injective: 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
Injective PONS/USDC PERPlong	−0.0047%	1h	0.5969	long leg	$614	$10K	5.5x
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6110	+2.349%	$242K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6118	+2.488%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6119	+2.504%	$20K	$435K	20x	as long as short
Nado PONS-PERPshort	+0.0100%	1h	0.6120	+2.515%	$88K	$107K	5x
Bybit PONSUSDT	+0.0100%	4h	0.6110	+2.354%	$18.4M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6111	+2.370%	$13.9M	$58.0M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6129	+2.677%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6144	+2.922%	$34K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6124	+2.588%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6123	+2.578%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6116	+2.447%	$28K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6137	+2.801%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6119	+2.504%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0126%	4h	0.6114	+2.424%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0148%	4h	0.6116	+2.447%	$4.7M	$11.7M	20x	as long as short
Aster PONSUSDT	+0.0158%	4h	0.6114	+2.417%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6117	+2.463%	$381	—	3x	as long as short
Lighter PONS	+0.0296%	1h	0.6118	+2.488%	$1.7M	$923K	3x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6114	+2.427%	$253K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0304%	4h	0.6114	+2.421%	$8.1M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6113	+2.404%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0306%	4h	0.6116	+2.448%	$40.1M	$98.7M	20x	as long as short
edgeX PONSUSDC	+0.0308%	4h	0.6133	+2.737%	$21K	$292K	10x	as long as short
BloFin PONS-USDT	+0.0546%	4h	0.6114	+2.421%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0655%	1h	0.6119	+2.501%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0864%	1h	0.6117	+2.468%	$62.3M	$30.0M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6121	+2.539%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6121	+2.531%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2402%	4h	0.6112	+2.387%	$5.4M	$6.3M	20x	as long as short