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

PONS

all PONS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.023%
Price spread now: KuCoin against Nado−0.034%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1741.741% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.091%+$9 on $10k
Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.034%, 7d avg −0.019%
Together, before fees+0.050%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado PONS-PERP0.61230.0100pay 0.0012% / 1h41m 42s$86K$107K5x
ShortKuCoin PONSUSDTM0.61210.0124get 0.0062% / 4h41m 42s$1.8M$3.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$5.04
Price spread: −0.034% → −0.019%
−$1.48
Slippage, 4 orders
−$162.06
Fee Nado: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$170.5
Costs to cover
1.741%
Break-even
243.8 days
Slippage from Nado: live order book, 27 min ago; KuCoin: live order book, 6 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, 27 min ago17.17 bp54.8 bp −$55doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago3.51 bp35.3 bp −$35126.3 bp −$1,263doesn'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
Injective PONS/USDC PERP−0.0047%1h0.5969−2.515%$614$10K5.5xas long as short
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0034%1h0.6111−0.204%$236K150xas long as short
Popdex PONSUSDT+0.0096%1h0.6125+0.025%$20K$445K20xas long as short
Nado PONS-PERPlong+0.0100%1h0.6123long leg$86K$107K5x
Bybit PONSUSDT+0.0100%4h0.6119−0.073%$18.5M$31.6M20xas long as short
OKX PONS-USDT-SWAP+0.0100%4h0.6122−0.024%$13.9M$58.1M20xas long as short
Variational Omni PONS+0.0100%4h0.6136+0.200%$1.4M$4.3Mas long as short
ApeX Omni PONSUSDT+0.0100%1h0.6124+0.012%$33K$360K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.6126+0.046%$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h0.6128+0.077%$1.4M10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX PONS-USD+0.0100%1h0.6119−0.076%$28K$546K3xas long as short
HTX PONS-USDT+0.0100%4h0.6139+0.253%$65K$508K20xas long as short
Phemex PONSUSDT+0.0100%4h0.6115−0.138%$1.7M$3.3M20xas long as short
Lighter RH PONS+0.0120%1h0.6121−0.042%$429K$2.6M3xas long as short
KuCoin PONSUSDTMshort+0.0124%4h0.6121−0.034%$1.8M$3.7M20x
Bitget PONSUSDT+0.0126%4h0.6122−0.016%$4.8M$11.7M20xas long as short
Aevo PONS-PERP+0.0152%1h0.6121−0.036%$3813xas long as short
Aster PONSUSDT+0.0180%4h0.6118−0.086%$1.1M$2.2M20xas long as short
Lighter PONS+0.0216%1h0.6124+0.009%$1.7M$921K3xas long as short
MEXC PONS_USDT+0.0290%4h0.6123−0.008%$8.1M$4.8M20xas long as short
Binance PONSUSDT+0.0294%4h0.6126+0.038%$40.0M$98.7M20xas long as short
Extended PONS-USD+0.0296%1h0.6123−0.014%$253K$682K5xas long as short
BingX PONS-USDT+0.0300%4h0.6120−0.057%$3.1Mas long as short
edgeX PONSUSDC+0.0306%4h0.6124+0.007%$21K$294K10xas long as short
BloFin PONS-USDT+0.0531%4h0.6119−0.073%$1.8M$1.0M20xas long as short
Polymarket Perps PONS-USD+0.0724%1h0.6123−0.005%$42K$1.7M3xas long as short
Pacifica PONS+0.0899%1h0.6123−0.014%$48K$96K3xas long as short
Hyperliquid PONS+0.0964%1h0.6122−0.026%$62.2M$30.8M3xas long as short
Phoenix PONS+0.1307%1h0.6123−0.006%$31K$102K3xas long as short
Gate PONS_USDT+0.2124%4h0.6116−0.122%$5.4M$6.3M20xas long as short