Funding you earn now, next payment 07:00 UTC−0.0756%/8h= −82.8% APRnext payment −$0.95 per $10,000 · paid last 24h −0.117%
Price spread now: Nado against Lighter−0.105%7-day average −0.052% · 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−$107as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
Funding, last 3 days (all we have)−0.607%−$61 on $10k
+Price spread, last 4 days (all we have)+0.293%+$29 · spread now −0.105%, 7d avg −0.052%
=Together, before fees−0.314%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Nado is 0.052% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.5928 | 0.0856 | pay 0.0107% / 1h | 1m 23s | $1.6M | $832K | 3x |
| Short | Nado PONS-PERP | 0.5922 | 0.0100 | get 0.0012% / 1h | 1m 23s | $69K | $130K | 5x |
Lighter PONS
Nado PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$158.76
- Price spread: −0.105% → −0.052%
- −$5.23
- Slippage, 4 orders
- −$102.09
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$266.07
- Costs to cover
- 1.021%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Nado: live order book, 32 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 Lighter live order book, 5 min ago | 4.53 bp | 4.5 bp −$5 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Nado live order book, 32 min ago | 16.33 bp | 49.1 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 +0.0032% / S −0.0030% | 1h | 0.5918 | −0.180% | $242K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | +0.174% | $610 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5927 | −0.025% | $410K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5923 | −0.088% | $22K | $420K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5927 | −0.015% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERPshort | +0.0100% | 1h | 0.5922 | −0.105% | $69K | $130K | 5x | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5940 | +0.194% | $29K | $308K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5927 | −0.022% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5924 | −0.066% | $26K | $581K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5911 | −0.283% | $64K | $526K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.5922 | −0.105% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0200% | 1h | 0.5922 | −0.105% | $369 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0313% | 1h | 0.5925 | −0.055% | $60.2M | $29.5M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0413% | 4h | 0.5922 | −0.105% | $13.4M | $55.2M | 20x | as long as short |
| Aster PONSUSDT | +0.0443% | 4h | 0.5920 | −0.145% | $1.1M | $2.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0472% | 4h | 0.5922 | −0.105% | $37.3M | $97.9M | 20x | as long as short |
| MEXC PONS_USDT | +0.0478% | 4h | 0.5925 | −0.054% | $7.7M | $4.8M | 20x | as long as short |
| Extended PONS-USD | +0.0480% | 1h | 0.5923 | −0.082% | $101K | $806K | 5x | as long as short |
| edgeX PONSUSDC | +0.0494% | 4h | 0.5919 | −0.154% | $20K | $291K | 10x | as long as short |
| Variational Omni PONS | +0.0548% | 4h | 0.5964 | +0.612% | $1.4M | $4.1M | — | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5925 | −0.054% | $45K | $68K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0582% | 4h | 0.5924 | −0.074% | $1.6M | $3.8M | 20x | as long as short |
| Gate PONS_USDT | +0.0606% | 4h | 0.5926 | −0.037% | $5.3M | $6.4M | 20x | as long as short |
| Bybit PONSUSDT | +0.0632% | 4h | 0.5922 | −0.105% | $17.5M | $31.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0650% | 4h | 0.5919 | −0.155% | — | $3.0M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0655% | 1h | 0.5923 | −0.081% | $85K | $1.9M | 3x | as long as short |
| Bitget PONSUSDT | +0.0678% | 4h | 0.5926 | −0.044% | $4.7M | $12.2M | 20x | as long as short |
| BloFin PONS-USDT | +0.0719% | 4h | 0.5919 | −0.155% | $1.7M | $939K | 20x | as long as short |
| Lighter PONSlong | +0.0856% | 1h | 0.5928 | long leg | $1.6M | $832K | 3x | |
| Phoenix PONS | +0.1472% | 1h | 0.5934 | +0.103% | $45K | $127K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
edgeX PONSUSDC
Variational Omni PONS
Pacifica PONS
KuCoin PONSUSDTM
Gate PONS_USDT
Bybit PONSUSDT
BingX PONS-USDT
Polymarket Perps PONS-USD
Bitget PONSUSDT
BloFin PONS-USDT
Phoenix PONS