Funding you earn now, next payment 02:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h +0.045%
Price spread now: Variational Omni against Aevo−0.094%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.094% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PONS-PERP | 0.5981 | 0.0176 | pay 0.0022% / 1h | 54m 19s | $373 | — | 3x |
| Short | Variational Omni PONS | 0.5976 | 0.0100 | get 0.0050% / 4h | 2h 54m | $1.4M | $4.1M | — |
Aevo PONS-PERP
Variational Omni PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Aevo. 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
- −$15.96
- Price spread: −0.094% → 0.000%
- −$9.39
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$41.35
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 5 min ago | 7.44 bp | doesn't fit | 38.9 bp −$389 | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.5976 | −0.091% | $237K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.195% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5984 | +0.047% | $421K | $2.5M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5981 | −0.003% | $17K | $419K | 20x | as long as short |
| Variational Omni PONSshort | +0.0100% | 4h | 0.5976 | −0.094% | $1.4M | $4.1M | — | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6016 | +0.577% | $33K | $353K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5982 | +0.009% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5987 | +0.094% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5986 | +0.079% | $26K | $532K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5998 | +0.283% | $64K | $510K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
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 PONSUSDT | +0.0100% | 4h | 0.5989 | +0.131% | $1.6M | $3.2M | 20x | as long as short |
| Lighter PONS | +0.0144% | 1h | 0.5984 | +0.047% | $1.7M | $881K | 3x | as long as short |
| Aevo PONS-PERPlong | +0.0176% | 1h | 0.5981 | long leg | $373 | — | 3x | |
| OKX PONS-USDT-SWAP | +0.0228% | 4h | 0.5984 | +0.047% | $13.7M | $55.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0240% | 4h | 0.5976 | −0.092% | $1.7M | $3.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0284% | 4h | 0.5979 | −0.039% | $1.1M | $2.0M | 20x | as long as short |
| Bitget PONSUSDT | +0.0288% | 4h | 0.5993 | +0.196% | $4.6M | $11.4M | 20x | as long as short |
| Binance PONSUSDT | +0.0374% | 4h | 0.5982 | +0.018% | $39.3M | $96.0M | 20x | as long as short |
| Extended PONS-USD | +0.0376% | 1h | 0.5983 | +0.027% | $248K | $682K | 5x | as long as short |
| Nado PONS-PERP | +0.0377% | 1h | 0.5984 | +0.047% | $103K | $115K | 5x | as long as short |
| MEXC PONS_USDT | +0.0378% | 4h | 0.5983 | +0.030% | $7.8M | $4.7M | 20x | as long as short |
| Bybit PONSUSDT | +0.0384% | 4h | 0.5981 | −0.003% | $18.0M | $30.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0403% | 4h | 0.6016 | +0.583% | $21K | $291K | 10x | as long as short |
| BingX PONS-USDT | +0.0434% | 4h | 0.5983 | +0.030% | — | $3.1M | — | as long as short |
| Hyperliquid PONS | +0.0581% | 1h | 0.5984 | +0.042% | $60.8M | $28.6M | 3x | as long as short |
| BloFin PONS-USDT | +0.0619% | 4h | 0.5985 | +0.064% | $1.8M | $980K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0688% | 1h | 0.5982 | +0.007% | $46K | $1.6M | 3x | as long as short |
| Gate PONS_USDT | +0.0836% | 4h | 0.5983 | +0.030% | $5.2M | $6.0M | 20x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.5987 | +0.091% | $47K | $78K | 3x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6036 | +0.920% | $31K | $107K | 3x | as long as short |
Phemex PONSUSDT
Lighter PONS
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Aster PONSUSDT
Bitget PONSUSDT
Binance PONSUSDT
Extended PONS-USD
Nado PONS-PERP
MEXC PONS_USDT
Bybit PONSUSDT
edgeX PONSUSDC
BingX PONS-USDT
Hyperliquid PONS
BloFin PONS-USDT
Polymarket Perps PONS-USD
Gate PONS_USDT
Pacifica PONS
Phoenix PONS