PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.5% APRnext payment +$0.34 per $10,000 · paid last 24h −0.022%

Price spread now: Variational Omni against Binance+0.785%7-day average −0.065% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.186%−$19 on $10k

Price spread, last 7 days−0.807%−$81 · spread now +0.785%, 7d avg −0.065%

Together, before fees−0.993%+ Points / potential airdropVariational Omni: Active · farm board−$99 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.850% dearer against Binance than usual: you sell high and buy low: +$85 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 4 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5918	0.0479	pay 0.0240% / 4h	1h 03m	$37.3M	$98.0M	20x
Short	Variational Omni PONS	0.5964	0.0548	get 0.0274% / 4h	1h 03m	$1.4M	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.785%Rate

Funding earned: $14.47
Price spread: +0.785% → −0.065%: $84.97
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $89.44
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 9 min ago; Variational Omni: RFQ quote, just now. 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 Binance live order book, 9 min ago	0.85 bp	14.0 bp −$14	46.2 bp −$462	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	5.04 bp	doesn't fit	37.0 bp −$370	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 −0.0030%	1h	0.5918	−0.004%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.346%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5919	+0.014%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5931	+0.220%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5927	+0.144%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5930	+0.202%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5921	+0.047%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5931	+0.228%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5922	+0.068%	$26K	$581K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5937	+0.328%	$65K	$525K	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	0.5917	−0.017%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5923	+0.090%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0301%	1h	0.5917	−0.009%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0412%	4h	0.5919	+0.017%	$13.4M	$55.2M	20x	as long as short
Aster PONSUSDT	+0.0455%	4h	0.5919	+0.024%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDTlong	+0.0479%	4h	0.5918	long leg	$37.3M	$98.0M	20x
MEXC PONS_USDT	+0.0492%	4h	0.5920	+0.034%	$7.6M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0496%	1h	0.5919	+0.017%	$101K	$807K	5x	as long as short
edgeX PONSUSDC	+0.0500%	4h	0.5918	−0.008%	$20K	$290K	10x	as long as short
Variational Omni PONSshort	+0.0548%	4h	0.5964	+0.785%	$1.4M	$4.1M	—
Pacifica PONS	+0.0556%	1h	0.5918	−0.003%	$45K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0594%	4h	0.5919	+0.025%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0653%	1h	0.5928	+0.169%	$85K	$1.9M	3x	as long as short
Bybit PONSUSDT	+0.0655%	4h	0.5918	0.000%	$17.5M	$31.2M	20x	as long as short
BingX PONS-USDT	+0.0656%	4h	0.5917	−0.017%	—	$3.0M	—	as long as short
Bitget PONSUSDT	+0.0684%	4h	0.5920	+0.039%	$4.7M	$12.2M	20x	as long as short
Gate PONS_USDT	+0.0708%	4h	0.5928	+0.169%	$5.3M	$6.4M	20x	as long as short
BloFin PONS-USDT	+0.0730%	4h	0.5949	+0.524%	$1.7M	$946K	20x	as long as short
Lighter PONS	+0.0872%	1h	0.5921	+0.057%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5918	+0.002%	$45K	$127K	3x	as long as short