Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.067%
Price spread now: Nado against Phemex+0.119%7-day average −0.013% · 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−$159as in the Price arb table
costs, in and out, $10k−$1731.726% of the position
Funding, last 3 days (all we have)+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.119%, 7d avg −0.013%
=Together, before fees−0.081%+ Points / potential airdropNado: Active · farm board−$8 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: Nado is 0.131% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.5908 | 0.0100 | pay 0.0050% / 4h | 1h 48m | $1.6M | $3.2M | 20x |
| Short | Nado PONS-PERP | 0.5915 | 0.0100 | get 0.0012% / 1h | 48m 03s | $69K | $131K | 5x |
Phemex PONSUSDT
Nado PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.119% → −0.013%
- $13.15
- Slippage, 4 orders
- −$160.6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$159.45
- Costs to cover
- 1.726%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Nado: live order book, 50 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 Phemex live order book, 6 min ago | 2.55 bp | 35.8 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 50 min ago | 16.44 bp | 46.9 bp −$47 | 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 | 0.5907 | −0.013% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.041% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5913 | +0.080% | $404K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5914 | +0.102% | $21K | $420K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5918 | +0.178% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERPshort | +0.0100% | 1h | 0.5915 | +0.119% | $69K | $131K | 5x | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5892 | −0.274% | $29K | $329K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5917 | +0.157% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5910 | +0.042% | $25K | $586K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5908 | +0.008% | $64K | $525K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.5908 | long leg | $1.6M | $3.2M | 20x | |
| Aevo PONS-PERP | +0.0224% | 1h | 0.5913 | +0.085% | $368 | — | 3x | as long as short |
| Gate PONS_USDT | +0.0270% | 4h | 0.5907 | −0.017% | $5.3M | $6.3M | 20x | as long as short |
| Hyperliquid PONS | +0.0321% | 1h | 0.5911 | +0.052% | $60.0M | $29.6M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0416% | 4h | 0.5911 | +0.051% | $13.4M | $55.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0459% | 1h | 0.5914 | +0.105% | $91K | $1.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0472% | 4h | 0.5915 | +0.120% | $1.1M | $2.2M | 20x | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5916 | +0.141% | $45K | $68K | 3x | as long as short |
| Binance PONSUSDT | +0.0559% | 4h | 0.5912 | +0.068% | $37.2M | $98.6M | 20x | as long as short |
| Extended PONS-USD | +0.0560% | 1h | 0.5911 | +0.058% | $101K | $811K | 5x | as long as short |
| MEXC PONS_USDT | +0.0564% | 4h | 0.5910 | +0.034% | $7.5M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0584% | 4h | 0.5897 | −0.186% | $20K | $294K | 10x | as long as short |
| Variational Omni PONS | +0.0644% | 4h | 0.5912 | +0.060% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0660% | 4h | 0.5914 | +0.100% | $1.6M | $3.8M | 20x | as long as short |
| Bitget PONSUSDT | +0.0662% | 4h | 0.5912 | +0.074% | $4.7M | $12.2M | 20x | as long as short |
| BloFin PONS-USDT | +0.0805% | 4h | 0.5908 | 0.000% | $1.7M | $957K | 20x | as long as short |
| Lighter PONS | +0.0816% | 1h | 0.5914 | +0.093% | $1.6M | $828K | 3x | as long as short |
| Bybit PONSUSDT | +0.0842% | 4h | 0.5908 | 0.000% | $17.6M | $31.4M | 20x | as long as short |
| BingX PONS-USDT | +0.0848% | 4h | 0.5905 | −0.051% | — | $3.0M | — | as long as short |
| Phoenix PONS | +0.1472% | 1h | 0.5894 | −0.237% | $45K | $127K | 3x | as long as short |
Aevo PONS-PERP
Gate PONS_USDT
Hyperliquid PONS
OKX PONS-USDT-SWAP
Polymarket Perps PONS-USD
Aster PONSUSDT
Pacifica PONS
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
Variational Omni PONS
KuCoin PONSUSDTM
Bitget PONSUSDT
BloFin PONS-USDT
Lighter PONS
Bybit PONSUSDT
BingX PONS-USDT
Phoenix PONS