PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0305%/8h= −33.4% APRnext payment −$1.53 per $10,000 · paid last 24h −0.060%

Price spread now: Variational Omni against BingX+0.169%7-day average +0.006% · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.348%−$35 on $10k

Price spread, last 4 days (all we have)+0.612%+$61 · spread now +0.169%, 7d avg +0.006%

Together, before fees+0.264%+ Points / potential airdropVariational Omni: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.162% dearer against BingX than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.006%): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5937	0.0494	pay 0.0247% / 4h	54m 13s	—	$3.0M	—
Short	Variational Omni PONS	0.5947	0.0189	get 0.0094% / 4h	54m 13s	$1.4M	$3.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.169%Rate

Funding earned: −$64.14
Price spread: +0.169% → +0.006%: $16.25
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$57.89
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 11 min ago; 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 BingX live order book, 11 min ago	3.36 bp	12.0 bp −$12	25.1 bp −$251	450.9 bp −$45.1K	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	5.05 bp	doesn't fit	30.3 bp −$303	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	0.5924	−0.226%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.547%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5934	−0.051%	$21K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5933	−0.067%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5932	−0.081%	$34K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5937	+0.007%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5936	−0.025%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5932	−0.079%	$26K	$524K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5945	+0.128%	$63K	$511K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5927	−0.168%	$1.6M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PONS	+0.0120%	1h	0.5930	−0.120%	$1.6M	$877K	3x	as long as short
Variational Omni PONSshort	+0.0189%	4h	0.5947	+0.169%	$1.4M	$3.9M	—
Aevo PONS-PERP	+0.0216%	1h	0.5930	−0.126%	$369	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0339%	4h	0.5932	−0.084%	$13.5M	$54.3M	20x	as long as short
Aster PONSUSDT	+0.0401%	4h	0.5929	−0.128%	$1.1M	$2.1M	20x	as long as short
Nado PONS-PERP	+0.0404%	1h	0.5937	−0.003%	$70K	$129K	5x	as long as short
Bitget PONSUSDT	+0.0444%	4h	0.5936	−0.010%	$4.6M	$11.5M	20x	as long as short
Lighter RH PONS	+0.0456%	1h	0.5930	−0.120%	$405K	$2.4M	3x	as long as short
Bybit PONSUSDT	+0.0466%	4h	0.5932	−0.084%	$17.7M	$30.7M	20x	as long as short
BingX PONS-USDTlong	+0.0494%	4h	0.5937	long leg	—	$3.0M	—
Extended PONS-USD	+0.0528%	1h	0.5931	−0.096%	$106K	$808K	5x	as long as short
Binance PONSUSDT	+0.0530%	4h	0.5935	−0.040%	$39.0M	$94.9M	20x	as long as short
MEXC PONS_USDT	+0.0530%	4h	0.5934	−0.051%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0530%	4h	0.5934	−0.054%	$18K	$292K	10x	as long as short
KuCoin PONSUSDTM	+0.0534%	4h	0.5936	−0.019%	$1.6M	$3.7M	20x	as long as short
BloFin PONS-USDT	+0.0771%	4h	0.5933	−0.067%	$1.7M	$954K	20x	as long as short
Hyperliquid PONS	+0.0809%	1h	0.5933	−0.076%	$60.4M	$27.7M	3x	as long as short
Pacifica PONS	+0.0859%	1h	0.5935	−0.032%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0926%	1h	0.5933	−0.076%	$67K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5918	−0.315%	$31K	$104K	3x	as long as short