PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1390%/8h= +152.2% APRnext payment +$1.74 per $10,000 · paid last 24h +0.319%

Price spread now: Phoenix against Nado+0.071%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1321.319% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.144%+$114 on $10k

Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.071%, 7d avg −0.003%

Together, before fees+0.884%+ Points / potential airdropNado: Active · farm board+$88 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Phoenix is 0.075% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.003%.

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	56m 59s	$70K	$131K	5x
Short	Phoenix PONS	0.6002	0.1695	get 0.0212% / 1h	56m 59s	$31K	$98K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.071%Rate

Funding earned: $291.86
Price spread: +0.071% → −0.003%: $7.47
Slippage, 4 orders: −$124.9
Fee Nado: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $167.43
Costs to cover: 1.319%
Break-even: 3.0 days

Slippage from Nado: live order book, 61 min ago; Phoenix: live order book, 45 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 Nado live order book, 61 min ago	14.65 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 45 min ago	3.31 bp	16.6 bp −$17	54.4 bp −$544	doesn't fit	doesn't fit

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 PERP	+0.0033%	1h	0.5969	−0.469%	$614	$10K	5.5x	as long as short
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	0.6001	+0.056%	$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	0.6004	+0.098%	$4.7M	$11.2M	20x	as long as short
Aster PONSUSDT	+0.0429%	4h	0.5995	−0.049%	$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	0.6003	+0.096%	$39.3M	$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	0.6001	+0.052%	$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	0.6002	+0.073%	$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 PONSshort	+0.1695%	1h	0.6002	+0.071%	$31K	$98K	3x