Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.016%
Price spread now: Variational Omni against edgeX−0.757%7-day average +0.008% · 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)−0.173%−$17 on $10k
+Price spread, last 3 days (all we have)+0.669%+$67 · spread now −0.757%, 7d avg +0.008%
=Together, before fees+0.496%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.764% cheaper against edgeX than usual: you would sell low and buy high (−$76 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PONSUSDC | 0.5857 | 0.0174 | pay 0.0087% / 4h | 2h 45m | $20K | $294K | 10x |
| Short | Variational Omni PONS | 0.5813 | 0.0100 | get 0.0050% / 4h | 2h 45m | $1.3M | $4.3M | — |
edgeX PONSUSDC
Variational Omni PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- −$15.44
- Price spread: −0.757% → +0.008%
- −$76.42
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$100.85
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 43 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 edgeX live order book, 43 min ago | 11.84 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 6.81 bp | doesn't fit | 47.6 bp −$476 | 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 −0.0034% | 1h | 0.5801 | −0.970% | $213K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +1.063% | $609 | $6K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5811 | −0.791% | $391K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5806 | −0.877% | $21K | $453K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5800 | −0.979% | $17.5M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5801 | −0.962% | $13.3M | $55.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5804 | −0.914% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5801 | −0.965% | $4.5M | $11.7M | 20x | as long as short |
| Variational Omni PONSshort | +0.0100% | 4h | 0.5813 | −0.757% | $1.3M | $4.3M | — | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5877 | +0.341% | $34K | $328K | 5x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
ApeX Omni PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5806 | −0.868% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5809 | −0.825% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5808 | −0.849% | $26K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5809 | −0.817% | $63K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5815 | −0.723% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0112% | 1h | 0.5800 | −0.979% | $361 | — | 3x | as long as short |
| Binance PONSUSDT | +0.0135% | 4h | 0.5806 | −0.877% | $37.8M | $98.2M | 20x | as long as short |
| Extended PONS-USD | +0.0136% | 1h | 0.5803 | −0.920% | $104K | $532K | 5x | as long as short |
| MEXC PONS_USDT | +0.0150% | 4h | 0.5807 | −0.860% | $7.5M | $5.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0164% | 4h | 0.5809 | −0.825% | — | $3.1M | — | as long as short |
| Aster PONSUSDT | +0.0172% | 4h | 0.5804 | −0.906% | $1.1M | $2.2M | 20x | as long as short |
| edgeX PONSUSDClong | +0.0174% | 4h | 0.5857 | long leg | $20K | $294K | 10x | |
| Nado PONS-PERP | +0.0181% | 1h | 0.5802 | −0.939% | $88K | $103K | 5x | as long as short |
| Gate PONS_USDT | +0.0240% | 4h | 0.5811 | −0.791% | $5.1M | $6.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0296% | 1h | 0.5807 | −0.863% | $38K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0375% | 4h | 0.5807 | −0.860% | $1.7M | $954K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5797 | −1.038% | $46K | $102K | 3x | as long as short |
| Hyperliquid PONS | +0.0526% | 1h | 0.5807 | −0.854% | $57.9M | $30.0M | 3x | as long as short |
| Lighter PONS | +0.0672% | 1h | 0.5815 | −0.726% | $1.7M | $880K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5873 | +0.271% | $27K | $86K | 3x | as long as short |
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
BingX PONS-USDT
Aster PONSUSDT
Nado PONS-PERP
Gate PONS_USDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Lighter PONS
Phoenix PONS