Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.087%
Price spread now: Variational Omni against Phemex−0.034%7-day average +0.005% · 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)+0.113%+$11 on $10k
+Price spread, last 3 days (all we have)−0.178%−$18 · spread now −0.034%, 7d avg +0.005%
=Together, before fees−0.065%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.039% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.5815 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $1.6M | $3.3M | 20x |
| Short | Variational Omni PONS | 0.5813 | 0.0100 | get 0.0050% / 4h | 2h 44m | $1.3M | $4.3M | — |
Phemex PONSUSDT
Variational Omni PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- $0
- Price spread: −0.034% → +0.005%
- −$3.86
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$15.86
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 2.54 bp | 35.4 bp −$35 | 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 | −0.249% | $213K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +1.799% | $609 | $6K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5811 | −0.069% | $391K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5806 | −0.155% | $21K | $453K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5800 | −0.258% | $17.5M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5801 | −0.241% | $13.3M | $55.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5804 | −0.193% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5801 | −0.244% | $4.5M | $11.7M | 20x | as long as short |
| Variational Omni PONSshort | +0.0100% | 4h | 0.5813 | −0.034% | $1.3M | $4.3M | — | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5877 | +1.071% | $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 | −0.146% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5809 | −0.103% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5808 | −0.127% | $26K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5809 | −0.095% | $63K | $504K | 20x | as long as short |
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.5815 | long leg | $1.6M | $3.3M | 20x | |
| Aevo PONS-PERP | +0.0112% | 1h | 0.5800 | −0.258% | $361 | — | 3x | as long as short |
| Binance PONSUSDT | +0.0135% | 4h | 0.5806 | −0.155% | $37.8M | $98.2M | 20x | as long as short |
| Extended PONS-USD | +0.0136% | 1h | 0.5803 | −0.199% | $104K | $532K | 5x | as long as short |
| MEXC PONS_USDT | +0.0150% | 4h | 0.5807 | −0.138% | $7.5M | $5.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0164% | 4h | 0.5809 | −0.103% | — | $3.1M | — | as long as short |
| Aster PONSUSDT | +0.0172% | 4h | 0.5804 | −0.185% | $1.1M | $2.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.0174% | 4h | 0.5857 | +0.728% | $20K | $294K | 10x | as long as short |
| Nado PONS-PERP | +0.0181% | 1h | 0.5802 | −0.217% | $88K | $103K | 5x | as long as short |
| Gate PONS_USDT | +0.0240% | 4h | 0.5811 | −0.069% | $5.1M | $6.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0296% | 1h | 0.5807 | −0.141% | $38K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0375% | 4h | 0.5807 | −0.138% | $1.7M | $954K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5797 | −0.317% | $46K | $102K | 3x | as long as short |
| Hyperliquid PONS | +0.0526% | 1h | 0.5807 | −0.132% | $57.9M | $30.0M | 3x | as long as short |
| Lighter PONS | +0.0672% | 1h | 0.5815 | −0.003% | $1.7M | $880K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5873 | +1.001% | $27K | $86K | 3x | as long as short |
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Aevo PONS-PERP
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
BingX PONS-USDT
Aster PONSUSDT
edgeX PONSUSDC
Nado PONS-PERP
Gate PONS_USDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Lighter PONS
Phoenix PONS