PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.085%

Price spread now: Injective against Nado−0.469%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Injective

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 against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 0.469% cheaper against Nado than usual: you would sell low and buy high (−$47 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.5998	0.0306	pay 0.0038% / 1h	57m 10s	$70K	$131K	5x
Short	Injective PONS/USDC PERP	0.5969	0.0033	get 0.0004% / 1h	57m 10s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee NadobpFee InjectivebpOrdersPrice spread, now −0.469%Rate

Funding earned: −$57.19
Price spread: −0.469% → 0.000%: −$46.88
Slippage, 4 orders: no order book: not counted
Fee Nado: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$104.09
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 61 min ago; Injective: no order-book sample. 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, 61 min ago	14.65 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 29 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	0.5995	−0.048%	$237K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5969	−0.469%	$614	$10K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.6000	+0.040%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	+0.839%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.742%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6007	+0.156%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6008	+0.166%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6000	+0.048%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6007	+0.150%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6000	+0.040%	$1.6M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0120%	1h	0.6000	+0.036%	$421K	$2.5M	3x	as long as short
Lighter PONS	+0.0152%	1h	0.6001	+0.053%	$1.7M	$871K	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.5998	−0.001%	$374	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0272%	4h	0.5998	+0.006%	$13.8M	$54.1M	20x	as long as short
Nado PONS-PERPlong	+0.0306%	1h	0.5998	long leg	$70K	$131K	5x
KuCoin PONSUSDTM	+0.0326%	4h	0.6001	+0.061%	$1.7M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0372%	4h	0.6002	+0.075%	$4.7M	$11.2M	20x	as long as short
Aster PONSUSDT	+0.0429%	4h	0.5994	−0.061%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0452%	4h	0.6002	+0.073%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0453%	4h	0.6002	+0.068%	$39.2M	$93.6M	20x	as long as short
MEXC PONS_USDT	+0.0454%	4h	0.6001	+0.056%	$7.7M	$4.6M	20x	as long as short
Extended PONS-USD	+0.0456%	1h	0.5997	−0.004%	$249K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0459%	4h	0.6058	+0.999%	$21K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0484%	1h	0.6002	+0.075%	$47K	$1.5M	3x	as long as short
Bybit PONSUSDT	+0.0508%	4h	0.5998	+0.006%	$17.9M	$30.3M	20x	as long as short
Hyperliquid PONS	+0.0575%	1h	0.6003	+0.095%	$61.2M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5997	−0.012%	$47K	$72K	3x	as long as short
Gate PONS_USDT	+0.0810%	4h	0.6000	+0.040%	$5.3M	$6.1M	20x	as long as short
Phoenix PONS	+0.1695%	1h	0.6002	+0.071%	$31K	$98K	3x	as long as short