PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0495%/8h= +54.2% APRnext payment +$0.62 per $10,000 · paid last 24h +0.093%

Price spread now: Hyperliquid against Nado−0.089%7-day average +0.012% · you buy dearer than you sell

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

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.190%+$19 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now −0.089%, 7d avg +0.012%

Together, before fees+0.031%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.101% cheaper against Nado than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.012%). If the spread goes back, that is −$10 on $10k: about 16 hours of funding at the current rate (+$15 a day). At the pace of the last 3 days (+0.190% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.5957	0.0194	pay 0.0024% / 1h	34m 57s	$70K	$129K	5x
Short	Hyperliquid PONS	0.5952	0.0688	get 0.0086% / 1h	34m 57s	$60.6M	$27.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee HyperliquidbpOrdersPrice spread, now −0.089%Rate

Funding earned: $103.86
Price spread: −0.089% → +0.012%: −$10.13
Slippage, 4 orders: no order book: not counted
Fee Nado: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $84.73
Costs to cover: 0.090%
Break-even: 1.3 days

Slippage unknown: Nado: live order book, 19 min ago; Hyperliquid: live order book, 9 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 Nado live order book, 19 min ago	17.50 bp	41.9 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.16 bp	8.5 bp −$9	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 +0.0033% / S −0.0033%	1h	0.5945	−0.195%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.210%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5956	−0.017%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5967	+0.161%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5960	+0.050%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5956	−0.012%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5952	−0.076%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5965	+0.138%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5955	−0.034%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0142%	4h	0.5965	+0.140%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0184%	1h	0.5953	−0.067%	$418K	$2.5M	3x	as long as short
Nado PONS-PERPlong	+0.0194%	1h	0.5957	long leg	$70K	$129K	5x
Aevo PONS-PERP	+0.0200%	1h	0.5947	−0.171%	$370	—	3x	as long as short
Lighter PONS	+0.0216%	1h	0.5953	−0.067%	$1.6M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0278%	4h	0.5945	−0.201%	$13.6M	$53.9M	20x	as long as short
Gate PONS_USDT	+0.0320%	4h	0.5957	0.000%	$5.2M	$6.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0364%	4h	0.5956	−0.020%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0390%	4h	0.5954	−0.059%	$4.6M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0408%	4h	0.5950	−0.124%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0470%	4h	0.5953	−0.067%	$7.6M	$4.7M	20x	as long as short
BingX PONS-USDT	+0.0470%	4h	0.5952	−0.084%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0472%	1h	0.5949	−0.129%	$246K	$670K	5x	as long as short
Binance PONSUSDT	+0.0473%	4h	0.5951	−0.101%	$39.0M	$93.9M	20x	as long as short
edgeX PONSUSDC	+0.0489%	4h	0.5966	+0.159%	$18K	$293K	10x	as long as short
Bybit PONSUSDT	+0.0504%	4h	0.5951	−0.101%	$17.8M	$30.3M	20x	as long as short
Hyperliquid PONSshort	+0.0688%	1h	0.5952	−0.089%	$60.6M	$27.8M	3x
BloFin PONS-USDT	+0.0713%	4h	0.5957	0.000%	$1.7M	$948K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5953	−0.067%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0795%	1h	0.5955	−0.032%	$48K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5963	+0.102%	$31K	$98K	3x	as long as short