Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0205%/8h= +22.5% APRpaid last 24h +0.019%
Price spread now: Bitget against Nado+0.041%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1381.376% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.226%+$23 on $10k
Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.041%, 7d avg +0.031%
Together, before fees−0.104%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado PONS-PERP0.59570.0185pay 0.0023% / 1h33m 25s$70K$129K5x
ShortBitget PONSUSDT0.59590.0390get 0.0195% / 4h1h 33m$4.6M$11.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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

Funding earned
$43.09
Price spread: +0.041% → +0.031%
$0.95
Slippage, 4 orders
−$125.57
Fee Nado: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$93.52
Costs to cover
1.376%
Break-even
22.2 days
Slippage from Nado: live order book, 20 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 20 min ago17.50 bp41.9 bp −$42doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago1.85 bp17.7 bp −$18doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0033%1h0.5945−0.198%$235K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+0.209%$614$10K5.5xas long as short
Popdex PONSUSDT+0.0096%1h0.5957−0.001%$21K$424K20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5958+0.009%$33K$352K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5961+0.061%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.5948−0.151%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5946−0.179%$26K$519K3xas long as short
HTX PONS-USDT+0.0100%4h0.59570.000%$64K$508K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5953−0.068%$1.6M$3.2M20xas long as short
Variational Omni PONS+0.0142%4h0.5965+0.139%$1.4M$3.9Mas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH PONS+0.0144%1h0.5950−0.120%$418K$2.5M3xas long as short
Nado PONS-PERPlong+0.0185%1h0.5957long leg$70K$129K5x
Lighter PONS+0.0192%1h0.5951−0.107%$1.6M$875K3xas long as short
Aevo PONS-PERP+0.0200%1h0.5953−0.071%$3713xas long as short
Gate PONS_USDT+0.0234%4h0.5959+0.032%$5.2M$6.2M20xas long as short
OKX PONS-USDT-SWAP+0.0283%4h0.5953−0.068%$13.6M$53.9M20xas long as short
KuCoin PONSUSDTM+0.0374%4h0.5959+0.029%$1.7M$3.7M20xas long as short
Bitget PONSUSDTshort+0.0390%4h0.5959+0.041%$4.6M$11.3M20x
Aster PONSUSDT+0.0397%4h0.5949−0.136%$1.1M$2.1M20xas long as short
Binance PONSUSDT+0.0467%4h0.5958+0.008%$39.0M$93.9M20xas long as short
BingX PONS-USDT+0.0470%4h0.5958+0.016%$3.0Mas long as short
Extended PONS-USD+0.0472%1h0.5952−0.090%$246K$670K5xas long as short
MEXC PONS_USDT+0.0472%4h0.5957−0.001%$7.6M$4.7M20xas long as short
edgeX PONSUSDC+0.0475%4h0.5954−0.058%$18K$293K10xas long as short
Bybit PONSUSDT+0.0503%4h0.5956−0.018%$17.8M$30.3M20xas long as short
Hyperliquid PONS+0.0681%1h0.5959+0.037%$60.7M$27.8M3xas long as short
BloFin PONS-USDT+0.0713%4h0.5957−0.001%$1.7M$948K20xas long as short
Pacifica PONS+0.0755%1h0.5951−0.099%$47K$72K3xas long as short
Polymarket Perps PONS-USD+0.0797%1h0.5957+0.004%$48K$1.6M3xas long as short
Phoenix PONS+0.1639%1h0.5952−0.085%$31K$98K3xas long as short