PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0570%/8h= −62.4% APRnext payment −$2.85 per $10,000 · paid last 24h −0.087%

Price spread now: Variational Omni against BloFin+0.213%116s7-day average −0.046% · you sell dearer than you buy

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.411%−$41 on $10k

Price spread, last 4 days (all we have)−0.473%−$47 · spread now +0.213%, 7d avg −0.046%

Together, before fees−0.883%+ Points / potential airdropVariational Omni: Active · farm board−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.258% dearer against BloFin than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.046%): +$26 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 36 hours. The two prices were read 116 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	BloFin PONS-USDT	0.6026	0.0748	pay 0.0374% / 4h	1h 15m	$1.7M	$967K	20x
Short	Variational Omni PONS	0.6039	0.0178	get 0.0089% / 4h	1h 15m	$1.4M	$3.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.213%Rate

Funding earned: −$119.69
Price spread: +0.213% → −0.046%: $25.83
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$105.86
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 2 min ago; Variational Omni: RFQ quote, 4 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 BloFin live order book, 2 min ago	1.66 bp	16.1 bp −$16	32.8 bp −$328	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.16 bp	doesn't fit	34.1 bp −$341	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	0.6037	+0.191%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.938%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6048	+0.365%	$21K	$434K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6020	−0.100%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6060	+0.569%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6050	+0.395%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6049	+0.390%	$26K	$528K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6049	+0.378%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6035	+0.149%	$1.7M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0140%	4h	0.6042	+0.266%	$5.3M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONSshort	+0.0178%	4h	0.6039	+0.213%	$1.4M	$3.9M	—
Nado PONS-PERP	+0.0203%	1h	0.6046	+0.336%	$71K	$129K	5x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.6051	+0.420%	$377	—	3x	as long as short
Lighter RH PONS	+0.0296%	1h	0.6046	+0.334%	$418K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0302%	4h	0.6049	+0.382%	$13.7M	$55.3M	20x	as long as short
Lighter PONS	+0.0312%	1h	0.6047	+0.345%	$1.7M	$876K	3x	as long as short
Bitget PONSUSDT	+0.0408%	4h	0.6050	+0.393%	$4.7M	$11.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0434%	4h	0.6046	+0.337%	$1.7M	$3.7M	20x	as long as short
Aster PONSUSDT	+0.0436%	4h	0.6047	+0.343%	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0481%	4h	0.6046	+0.332%	$18.1M	$30.6M	20x	as long as short
BingX PONS-USDT	+0.0488%	4h	0.6053	+0.448%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0506%	4h	0.6047	+0.348%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0512%	4h	0.6021	−0.075%	$18K	$294K	10x	as long as short
Extended PONS-USD	+0.0520%	1h	0.6051	+0.418%	$250K	$673K	5x	as long as short
Binance PONSUSDT	+0.0522%	4h	0.6051	+0.418%	$39.6M	$94.6M	20x	as long as short
Hyperliquid PONS	+0.0737%	1h	0.6049	+0.386%	$61.6M	$27.8M	3x	as long as short
BloFin PONS-USDTlong	+0.0748%	4h	0.6026	long leg	$1.7M	$967K	20x
Pacifica PONS	+0.0755%	1h	0.6043	+0.278%	$48K	$70K	3x	as long as short
Polymarket Perps PONS-USD	+0.0842%	1h	0.6048	+0.360%	$69K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6022	−0.068%	$31K	$98K	3x	as long as short