Funding you earn now, next payment 08:00 UTC−0.0109%/8h= −12.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.005%
Price spread now: Variational Omni against KuCoin−0.365%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.139%−$14 on $10k
+Price spread, last 7 days+0.382%+$38 · spread now −0.365%, 7d avg −0.025%
=Together, before fees+0.244%+ Points / potential airdropVariational Omni: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.340% cheaper against KuCoin than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.5849 | 0.0722 | pay 0.0361% / 4h | 2h 21m | $1.6M | $3.8M | 20x |
| Short | Variational Omni PONS | 0.5828 | 0.0613 | get 0.0306% / 4h | 2h 21m | $1.3M | $4.1M | — |
KuCoin PONSUSDTM
Variational Omni PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against KuCoin. 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
- −$22.98
- Price spread: −0.365% → −0.025%
- −$34.02
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$69
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 6 min ago; Variational Omni: RFQ quote, 3 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 KuCoin live order book, 6 min ago | 3.30 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.30 bp | doesn't fit | 35.3 bp −$353 | 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 | 0.5845 | −0.068% | $232K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +2.053% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5845 | −0.084% | $416K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5854 | +0.079% | $17K | $434K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5852 | +0.044% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5850 | +0.010% | $68K | $131K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5831 | −0.315% | $5.2M | $6.4M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5804 | −0.771% | $29K | $329K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5848 | −0.024% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5848 | −0.024% | $25K | $582K | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
Gate PONS_USDT
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5856 | +0.118% | $64K | $525K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5851 | +0.027% | $1.6M | $3.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0217% | 1h | 0.5855 | +0.103% | $59.6M | $29.4M | 3x | as long as short |
| Aevo PONS-PERP | +0.0224% | 1h | 0.5850 | +0.019% | $364 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0384% | 4h | 0.5853 | +0.062% | $13.3M | $55.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0460% | 4h | 0.5850 | +0.002% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0576% | 4h | 0.5847 | −0.041% | $7.5M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0588% | 4h | 0.5851 | +0.027% | $37.2M | $98.4M | 20x | as long as short |
| Extended PONS-USD | +0.0592% | 1h | 0.5845 | −0.069% | $100K | $817K | 5x | as long as short |
| Bitget PONSUSDT | +0.0594% | 4h | 0.5855 | +0.094% | $4.6M | $12.1M | 20x | as long as short |
| edgeX PONSUSDC | +0.0602% | 4h | 0.5804 | −0.773% | $20K | $295K | 10x | as long as short |
| Lighter PONS | +0.0608% | 1h | 0.5848 | −0.024% | $1.6M | $935K | 3x | as long as short |
| Variational Omni PONSshort | +0.0613% | 4h | 0.5828 | −0.365% | $1.3M | $4.1M | — | |
| Pacifica PONS | +0.0715% | 1h | 0.5854 | +0.080% | $45K | $69K | 3x | as long as short |
| KuCoin PONSUSDTMlong | +0.0722% | 4h | 0.5849 | long leg | $1.6M | $3.8M | 20x | |
| Polymarket Perps PONS-USD | +0.0739% | 1h | 0.5852 | +0.043% | $120K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0828% | 4h | 0.5850 | +0.010% | $1.7M | $935K | 20x | as long as short |
| BingX PONS-USDT | +0.0894% | 4h | 0.5857 | +0.130% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0935% | 4h | 0.5851 | +0.027% | $17.5M | $31.6M | 20x | as long as short |
| Phoenix PONS | +0.1719% | 1h | 0.5822 | −0.463% | $44K | $121K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Hyperliquid PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
Bitget PONSUSDT
edgeX PONSUSDC
Lighter PONS
Pacifica PONS
Polymarket Perps PONS-USD
BloFin PONS-USDT
BingX PONS-USDT
Bybit PONSUSDT
Phoenix PONS