PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0284%/8h= −31.1% APRnext payment −$1.42 per $10,000 · paid last 24h −0.040%

Price spread now: Variational Omni against Bybit−0.041%7-day average −0.020% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.169%−$17 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.041%, 7d avg −0.020%

Together, before fees−0.176%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.020% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.5978	0.0384	pay 0.0192% / 4h	2h 54m	$18.0M	$30.8M	20x
Short	Variational Omni PONS	0.5976	0.0100	get 0.0050% / 4h	2h 54m	$1.4M	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.041%Rate

Funding earned: −$59.61
Price spread: −0.041% → −0.020%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$72.65
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.49 bp	14.7 bp −$15	30.7 bp −$307	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	7.44 bp	doesn't fit	38.9 bp −$389	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	0.5977	−0.022%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.142%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5984	+0.100%	$421K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5981	+0.050%	$17K	$419K	20x	as long as short
Variational Omni PONSshort	+0.0100%	4h	0.5976	−0.041%	$1.4M	$4.1M	—
ApeX Omni PONSUSDT	+0.0100%	1h	0.6016	+0.631%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5989	+0.192%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5989	+0.189%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5985	+0.117%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5998	+0.336%	$64K	$510K	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	0.5989	+0.184%	$1.6M	$3.2M	20x	as long as short
Lighter PONS	+0.0144%	1h	0.5984	+0.100%	$1.7M	$881K	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.5985	+0.121%	$373	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0228%	4h	0.5980	+0.033%	$13.7M	$55.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0240%	4h	0.5981	+0.055%	$1.7M	$3.7M	20x	as long as short
Aster PONSUSDT	+0.0284%	4h	0.5981	+0.053%	$1.1M	$2.0M	20x	as long as short
Bitget PONSUSDT	+0.0288%	4h	0.5982	+0.065%	$4.6M	$11.4M	20x	as long as short
Binance PONSUSDT	+0.0374%	4h	0.5980	+0.033%	$39.2M	$96.0M	20x	as long as short
Extended PONS-USD	+0.0376%	1h	0.5984	+0.108%	$248K	$682K	5x	as long as short
Nado PONS-PERP	+0.0377%	1h	0.5984	+0.100%	$103K	$115K	5x	as long as short
MEXC PONS_USDT	+0.0378%	4h	0.5985	+0.117%	$7.8M	$4.7M	20x	as long as short
Bybit PONSUSDTlong	+0.0384%	4h	0.5978	long leg	$18.0M	$30.8M	20x
edgeX PONSUSDC	+0.0403%	4h	0.6016	+0.636%	$21K	$291K	10x	as long as short
BingX PONS-USDT	+0.0434%	4h	0.5985	+0.117%	—	$3.1M	—	as long as short
Hyperliquid PONS	+0.0581%	1h	0.5984	+0.095%	$60.8M	$28.6M	3x	as long as short
BloFin PONS-USDT	+0.0619%	4h	0.5985	+0.117%	$1.8M	$980K	20x	as long as short
Polymarket Perps PONS-USD	+0.0688%	1h	0.5982	+0.060%	$46K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0836%	4h	0.5987	+0.151%	$5.2M	$6.0M	20x	as long as short
Pacifica PONS	+0.0869%	1h	0.5987	+0.145%	$47K	$78K	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6036	+0.974%	$31K	$107K	3x	as long as short