Funding you earn now, next payment 11:00 UTC−0.0215%/8h= −23.5% APRnext payment −$0.27 per $10,000 · paid last 24h −0.037%
Price spread now: Nado against Lighter RH−0.107%7-day average −0.023% · 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−$112as in the Price arb table
costs, in and out, $10k−$1041.036% of the position
Funding, last 4 days (all we have)−0.261%−$26 on $10k
+Price spread, last 4 days (all we have)+0.232%+$23 · spread now −0.107%, 7d avg −0.023%
=Together, before fees−0.029%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.084% cheaper against Lighter RH than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.6332 | 0.0336 | pay 0.0042% / 1h | 48m 27s | $448K | $2.6M | 3x |
| Short | Nado PONS-PERP | 0.6325 | 0.0121 | get 0.0015% / 1h | 48m 27s | $77K | $105K | 5x |
Lighter RH PONS
Nado PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter RH. 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
- −$45.12
- Price spread: −0.107% → −0.023%
- −$8.41
- Slippage, 4 orders
- −$103.62
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$157.14
- Costs to cover
- 1.036%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Nado: live order book, 62 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 RH live order book, 3 min ago | 4.26 bp | 4.9 bp −$5 | 28.4 bp −$284 | doesn't fit | doesn't fit |
| Sell Nado live order book, 62 min ago | 14.03 bp | 41.4 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
PONS on 30 exchanges
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 | 0.6333 | +0.017% | $249K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | −6.212% | $610 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6326 | −0.092% | $23K | $405K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6350 | +0.280% | $32K | $280K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6332 | +0.008% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6329 | −0.039% | — | $879K | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6330 | −0.032% | $27K | $637K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6350 | +0.292% | $67K | $536K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6332 | +0.003% | $1.7M | $3.2M | 20x | as long as short |
| Nado PONS-PERPshort | +0.0121% | 1h | 0.6325 | −0.107% | $77K | $105K | 5x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps PONS-USD | +0.0188% | 1h | 0.6325 | −0.114% | $74K | $2.1M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6331 | −0.021% | $394 | — | 3x | as long as short |
| Lighter RH PONSlong | +0.0336% | 1h | 0.6332 | long leg | $448K | $2.6M | 3x | |
| OKX PONS-USDT-SWAP | +0.0369% | 4h | 0.6320 | −0.186% | $14.4M | $60.0M | 20x | as long as short |
| Lighter PONS | +0.0416% | 1h | 0.6334 | +0.033% | $1.8M | $852K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0460% | 4h | 0.6334 | +0.032% | $1.8M | $4.3M | 20x | as long as short |
| Hyperliquid PONS | +0.0521% | 1h | 0.6326 | −0.087% | $65.0M | $30.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0531% | 4h | 0.6329 | −0.037% | $1.2M | $2.1M | 20x | as long as short |
| Variational Omni PONS | +0.0612% | 4h | 0.6335 | +0.057% | $1.6M | $4.3M | — | as long as short |
| Pacifica PONS | +0.0616% | 1h | 0.6332 | +0.004% | $46K | $76K | 3x | as long as short |
| Gate PONS_USDT | +0.0618% | 4h | 0.6331 | −0.013% | $5.4M | $6.4M | 20x | as long as short |
| Binance PONSUSDT | +0.0651% | 4h | 0.6326 | −0.092% | $41.5M | $101.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.0654% | 4h | 0.6333 | +0.019% | $7.8M | $4.6M | 20x | as long as short |
| Extended PONS-USD | +0.0656% | 1h | 0.6331 | −0.014% | $183K | $881K | 5x | as long as short |
| edgeX PONSUSDC | +0.0669% | 4h | 0.6335 | +0.048% | $19K | $293K | 10x | as long as short |
| Bitget PONSUSDT | +0.0756% | 4h | 0.6326 | −0.098% | $5.1M | $13.5M | 20x | as long as short |
| BingX PONS-USDT | +0.0800% | 4h | 0.6327 | −0.076% | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | +0.0814% | 4h | 0.6323 | −0.139% | $19.2M | $32.6M | 20x | as long as short |
| BloFin PONS-USDT | +0.0897% | 4h | 0.6335 | +0.051% | $1.9M | $1.1M | 20x | as long as short |
| Phoenix PONS | +0.1637% | 1h | 0.6345 | +0.215% | $48K | $162K | 3x | as long as short |
Polymarket Perps PONS-USD
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Lighter PONS
KuCoin PONSUSDTM
Hyperliquid PONS
Aster PONSUSDT
Variational Omni PONS
Pacifica PONS
Gate PONS_USDT
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
edgeX PONSUSDC
Bitget PONSUSDT
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Phoenix PONS