PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.076%

Price spread now: Nado against SoDEX+0.099%47s7-day average −0.008% · 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—prices read too far apart to compare

costs, in and out, $10k−$2412.406% of the position

Long on SoDEX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.151%+$15 on $10k

Price spread, last 3 days (all we have)−0.358%−$36 · spread now +0.099%, 7d avg −0.008%

Together, before fees−0.208%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.107% dearer against SoDEX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.5945	0.0100	pay 0.0013% / 1h	45m 37s	$27K	$547K	3x
Short	Nado PONS-PERP	0.5951	0.0193	get 0.0024% / 1h	45m 37s	$90K	$103K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SoDEX. 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 SoDEXbpFee NadobpOrdersPrice spread, now +0.099%Rate

Funding earned: $19.59
Price spread: +0.099% → −0.008%: $10.74
Slippage, 4 orders: −$232.65
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 0 bp × 2 orders: $0
Net: −$210.32
Costs to cover: 2.406%
Break-even: 82.1 days

Slippage from SoDEX: live order book, 38 min ago; Nado: live order book, 28 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 SoDEX live order book, 38 min ago	1.02 bp	64.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 28 min ago	16.14 bp	53.0 bp −$53	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 +0.0032% / S −0.0034%	1h	0.5935	−0.169%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.429%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5952	+0.116%	$21K	$432K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5949	+0.066%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5950	+0.082%	$13.5M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5951	+0.101%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5954	+0.153%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	−0.675%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5942	−0.050%	$34K	$344K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5949	+0.066%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5944	−0.022%	—	$1.4M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.5945	long leg	$27K	$547K	3x
HTX PONS-USDT	+0.0100%	4h	0.5951	+0.104%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5939	−0.103%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5944	−0.025%	$370	—	3x	as long as short
Aster PONSUSDT	+0.0143%	4h	0.5949	+0.059%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5950	+0.084%	$106K	$522K	5x	as long as short
MEXC PONS_USDT	+0.0168%	4h	0.5952	+0.116%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0169%	4h	0.5953	+0.128%	$38.7M	$97.5M	20x	as long as short
BingX PONS-USDT	+0.0171%	4h	0.5947	+0.032%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0184%	4h	0.5940	−0.087%	$21K	$294K	10x	as long as short
Nado PONS-PERPshort	+0.0193%	1h	0.5951	+0.099%	$90K	$103K	5x
Lighter RH PONS	+0.0344%	1h	0.5949	+0.064%	$422K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5934	−0.187%	$1.7M	$975K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5951	+0.101%	$47K	$104K	3x	as long as short
Polymarket Perps PONS-USD	+0.0499%	1h	0.5952	+0.124%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0613%	1h	0.5953	+0.126%	$59.9M	$30.0M	3x	as long as short
Lighter PONS	+0.0816%	1h	0.5948	+0.047%	$1.7M	$984K	3x	as long as short
Gate PONS_USDT	+0.1224%	4h	0.5943	−0.035%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5931	−0.230%	$30K	$96K	3x	as long as short