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

PONS

all PONS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.067%
Price spread now: SoDEX against Nado+0.060%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$2302.297% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.166%−$17 on $10k
Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.060%, 7d avg +0.007%
Together, before fees−0.046%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.053% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado PONS-PERP0.59130.0100pay 0.0012% / 1h6m 18s$69K$131K5x
ShortSoDEX PONS-USD0.59170.0100get 0.0013% / 1h6m 18s$26K$585K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0
Price spread: +0.060% → +0.007%
$5.29
Slippage, 4 orders
−$221.66
Fee Nado: 0 bp × 2 orders
$0
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$224.37
Costs to cover
2.297%
Break-even
23051536821731976.0 days
Slippage from Nado: live order book, 32 min ago; SoDEX: live order book, 42 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, 32 min ago16.44 bp50.5 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell SoDEX live order book, 42 min ago2.52 bp66.3 bp −$66doesn't fitdoesn'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
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0032%1h0.5906−0.129%$235K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+0.953%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5912−0.021%$402K$2.6M3xas long as short
Popdex PONSUSDT+0.0096%1h0.5913−0.003%$21K$424K20xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5920+0.124%$2K$3K10xas long as short
Nado PONS-PERPlong+0.0100%1h0.5913long leg$69K$131K5x
Gate PONS_USDT+0.0100%4h0.5911−0.036%$5.3M$6.4M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5905−0.138%$29K$329K5xas long as short
SunX PONS-USDT+0.0100%4h0.5917+0.062%$1.3M10xas long as short
SoDEX PONS-USDshort+0.0100%1h0.5917+0.060%$26K$585K3x
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX PONS-USDT+0.0100%4h0.5901−0.200%$64K$524K20xas long as short
Phemex PONSUSDT+0.0100%4h0.5906−0.121%$1.6M$3.2M20xas long as short
Hyperliquid PONS+0.0224%1h0.5916+0.040%$60.1M$29.5M3xas long as short
Aevo PONS-PERP+0.0232%1h0.5904−0.154%$3683xas long as short
OKX PONS-USDT-SWAP+0.0430%4h0.5916+0.048%$13.4M$55.8M20xas long as short
Aster PONSUSDT+0.0485%4h0.5911−0.040%$1.1M$2.2M20xas long as short
Binance PONSUSDT+0.0597%4h0.5914+0.012%$37.4M$98.3M20xas long as short
Extended PONS-USD+0.0600%1h0.5913−0.005%$101K$811K5xas long as short
MEXC PONS_USDT+0.0602%4h0.5915+0.031%$7.5M$4.8M20xas long as short
edgeX PONSUSDC+0.0605%4h0.5912−0.026%$20K$294K10xas long as short
Bitget PONSUSDT+0.0640%4h0.5918+0.087%$4.7M$12.2M20xas long as short
Variational Omni PONS+0.0661%4h0.5911−0.028%$1.4M$4.1Mas long as short
KuCoin PONSUSDTM+0.0700%4h0.5914+0.011%$1.6M$3.8M20xas long as short
Pacifica PONS+0.0715%1h0.5913−0.008%$45K$69K3xas long as short
Polymarket Perps PONS-USD+0.0732%1h0.5915+0.031%$91K$1.9M3xas long as short
Lighter PONS+0.0792%1h0.5912−0.013%$1.6M$939K3xas long as short
BloFin PONS-USDT+0.0843%4h0.5915+0.031%$1.7M$959K20xas long as short
BingX PONS-USDT+0.0926%4h0.5917+0.065%$3.0Mas long as short
Bybit PONSUSDT+0.0968%4h0.5915+0.031%$17.6M$31.5M20xas long as short
Phoenix PONS+0.1719%1h0.5911−0.033%$45K$121K3xas long as short