PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.090%

Price spread now: Polymarket Perps against Nado−0.031%7-day average +0.007% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1141.142% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.381%+$38 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.031%, 7d avg +0.007%

Together, before fees+0.412%+ Points / potential airdropNado: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.037% cheaper against Nado than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.6343	0.0118	pay 0.0015% / 1h	52m 58s	$77K	$105K	5x
Short	Polymarket Perps PONS-USD	0.6341	0.0295	get 0.0037% / 1h	52m 58s	$75K	$2.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: $37.2
Price spread: −0.031% → +0.007%: −$3.72
Slippage, 4 orders: −$106.15
Fee Nado: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$80.67
Costs to cover: 1.142%
Break-even: 22.2 days

Slippage from Nado: live order book, 57 min ago; Polymarket Perps: live order book, 4 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, 57 min ago	14.03 bp	52.0 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	3.77 bp	7.8 bp −$8	120.2 bp −$1,202	doesn't fit	doesn't fit

PONS on 30 exchanges

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 +0.0032% / S −0.0030%	1h	0.6333	−0.158%	$249K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.376%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6343	+0.001%	$23K	$405K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6335	−0.125%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6347	+0.059%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6344	+0.017%	—	$887K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6341	−0.034%	$27K	$636K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6360	+0.275%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6340	−0.046%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERPlong	+0.0118%	1h	0.6343	long leg	$77K	$105K	5x

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	0.6345	+0.026%	$395	—	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0295%	1h	0.6341	−0.031%	$75K	$2.1M	3x
Lighter RH PONS	+0.0296%	1h	0.6343	−0.004%	$447K	$2.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0387%	4h	0.6345	+0.033%	$14.4M	$60.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0470%	4h	0.6343	+0.006%	$1.8M	$4.3M	20x	as long as short
Aster PONSUSDT	+0.0536%	4h	0.6342	−0.014%	$1.2M	$2.2M	20x	as long as short
Hyperliquid PONS	+0.0562%	1h	0.6343	−0.004%	$65.2M	$30.9M	3x	as long as short
Lighter PONS	+0.0584%	1h	0.6344	+0.014%	$1.8M	$852K	3x	as long as short
Pacifica PONS	+0.0616%	1h	0.6341	−0.023%	$46K	$76K	3x	as long as short
Variational Omni PONS	+0.0656%	4h	0.6360	+0.267%	$1.6M	$4.3M	—	as long as short
Extended PONS-USD	+0.0664%	1h	0.6345	+0.031%	$183K	$881K	5x	as long as short
Binance PONSUSDT	+0.0664%	4h	0.6346	+0.048%	$41.7M	$101.3M	20x	as long as short
MEXC PONS_USDT	+0.0672%	4h	0.6347	+0.064%	$7.9M	$4.5M	20x	as long as short
edgeX PONSUSDC	+0.0695%	4h	0.6371	+0.449%	$19K	$292K	10x	as long as short
Bitget PONSUSDT	+0.0758%	4h	0.6351	+0.119%	$5.1M	$13.5M	20x	as long as short
Gate PONS_USDT	+0.0776%	4h	0.6343	+0.001%	$5.5M	$6.4M	20x	as long as short
BingX PONS-USDT	+0.0802%	4h	0.6336	−0.109%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0828%	4h	0.6345	+0.033%	$19.3M	$32.6M	20x	as long as short
BloFin PONS-USDT	+0.0913%	4h	0.6340	−0.046%	$1.9M	$1.1M	20x	as long as short
Phoenix PONS	+0.1637%	1h	0.6345	+0.039%	$48K	$162K	3x	as long as short