PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0150%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.071%

Price spread now: Nado against Polymarket Perps−0.035%7-day average −0.010% · 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−$113as in the Price arb table

costs, in and out, $10k−$1111.109% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.325%−$32 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.035%, 7d avg −0.010%

Together, before fees−0.309%+ Points / potential airdropNado: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.025% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PONS-USD	0.6110	0.0756	pay 0.0095% / 1h	30m 55s	$44K	$1.6M	3x
Short	Nado PONS-PERP	0.6107	0.0606	get 0.0076% / 1h	30m 55s	$105K	$115K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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 Polymarket PerpsbpFee NadobpOrdersPrice spread, now −0.035%Rate

Funding earned: −$31.56
Price spread: −0.035% → −0.010%: −$2.51
Slippage, 4 orders: −$102.86
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 0 bp × 2 orders: $0
Net: −$144.93
Costs to cover: 1.109%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Nado: live order book, 33 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 Polymarket Perps live order book, 3 min ago	2.38 bp	7.3 bp −$7	7.7 bp −$77	doesn't fit	doesn't fit
Sell Nado live order book, 33 min ago	13.85 bp	50.3 bp −$50	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 −0.0033%	1h	0.6099	−0.176%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.293%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6106	−0.054%	$432K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6111	+0.023%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	−0.083%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6102	−0.124%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6115	+0.090%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6108	−0.034%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6108	−0.034%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6120	+0.167%	$65K	$511K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6098	−0.190%	$1.7M	$3.2M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0160%	4h	0.6100	−0.157%	$13.9M	$57.1M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6107	−0.043%	$380	—	3x	as long as short
KuCoin PONSUSDTM	+0.0178%	4h	0.6102	−0.116%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0228%	4h	0.6107	−0.038%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0249%	4h	0.6106	−0.054%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0342%	4h	0.6105	−0.075%	$8.0M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0350%	4h	0.6075	−0.560%	$21K	$294K	10x	as long as short
Binance PONSUSDT	+0.0350%	4h	0.6100	−0.157%	$40.0M	$96.8M	20x	as long as short
Extended PONS-USD	+0.0352%	1h	0.6104	−0.096%	$252K	$679K	5x	as long as short
Lighter PONS	+0.0456%	1h	0.6108	−0.034%	$1.7M	$909K	3x	as long as short
BloFin PONS-USDT	+0.0590%	4h	0.6105	−0.075%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERPshort	+0.0606%	1h	0.6107	−0.035%	$105K	$115K	5x
Bybit PONSUSDT	+0.0647%	4h	0.6097	−0.206%	$18.3M	$30.9M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6109	−0.016%	$48K	$87K	3x	as long as short
BingX PONS-USDT	+0.0682%	4h	0.6100	−0.157%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USDlong	+0.0756%	1h	0.6110	long leg	$44K	$1.6M	3x
Hyperliquid PONS	+0.0900%	1h	0.6105	−0.069%	$62.1M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.0916%	4h	0.6102	−0.124%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6077	−0.527%	$31K	$113K	3x	as long as short