PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.066%

Price spread now: Popdex against Nado+0.099%7-day average +0.010% · 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−$288as in the Price arb table

costs, in and out, $10k−$2972.972% of the position

Long on Nado Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.171%−$17 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.099%, 7d avg +0.010%

Together, before fees−0.443%+ Points / potential airdropNado: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.089% dearer against Nado than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.010%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.6061	0.0316	pay 0.0040% / 1h	14m 34s	$71K	$129K	5x
Short	Popdex PONSUSDT	0.6067	0.0096	get 0.0012% / 1h	14m 34s	$21K	$435K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$46.28
Price spread: +0.099% → +0.010%: $8.88
Slippage, 4 orders: −$290.78
Fee Nado: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$334.58
Costs to cover: 2.972%
Break-even: never at this rate

Slippage from Nado: live order book, 34 min ago; Popdex: live order book, 44 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, 34 min ago	17.02 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 44 min ago	8.41 bp	90.1 bp −$90	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 −0.0032%	1h	0.6067	+0.106%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.510%	$614	$10K	5.5x	as long as short
Popdex PONSUSDTshort	+0.0096%	1h	0.6067	+0.099%	$21K	$435K	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.6079	+0.290%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6082	+0.346%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6082	+0.340%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6076	+0.241%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6086	+0.416%	$66K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6068	+0.115%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6078	+0.285%	$379	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0271%	4h	0.6073	+0.205%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERPlong	+0.0316%	1h	0.6061	long leg	$71K	$129K	5x
OKX PONS-USDT-SWAP	+0.0338%	4h	0.6058	−0.049%	$13.8M	$55.7M	20x	as long as short
Lighter PONS	+0.0448%	1h	0.6071	+0.165%	$1.7M	$888K	3x	as long as short
Gate PONS_USDT	+0.0466%	4h	0.6065	+0.066%	$5.3M	$6.3M	20x	as long as short
Bitget PONSUSDT	+0.0484%	4h	0.6065	+0.059%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0491%	4h	0.6072	+0.181%	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0494%	4h	0.6060	−0.016%	$18.0M	$30.8M	20x	as long as short
Lighter RH PONS	+0.0520%	1h	0.6071	+0.173%	$416K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0578%	4h	0.6068	+0.115%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0614%	4h	0.6067	+0.099%	$7.7M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0616%	1h	0.6065	+0.071%	$108K	$813K	5x	as long as short
Binance PONSUSDT	+0.0618%	4h	0.6064	+0.056%	$39.6M	$95.3M	20x	as long as short
edgeX PONSUSDC	+0.0628%	4h	0.6077	+0.265%	$18K	$294K	10x	as long as short
KuCoin PONSUSDTM	+0.0688%	4h	0.6070	+0.157%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0825%	1h	0.6060	−0.012%	$61.9M	$28.3M	3x	as long as short
BloFin PONS-USDT	+0.0854%	4h	0.6081	+0.330%	$1.7M	$965K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6068	+0.120%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0898%	1h	0.6065	+0.073%	$72K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6074	+0.216%	$31K	$104K	3x	as long as short