PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0448%/8h= +49.1% APRnext payment +$2.24 per $10,000 · paid last 24h +0.075%

Price spread now: Variational Omni against SunX+0.556%7-day average −0.037% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.732%−$73 · spread now +0.556%, 7d avg −0.037%

Together, before fees−0.592%+ Points / potential airdropVariational Omni: Active · farm board−$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 0.592% dearer against SunX than usual: you sell high and buy low: +$59 more if the spread goes back to its 7-day average of −0.037%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.139% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5931	0.0100	pay 0.0050% / 4h	1h 03m	—	$1.2M	10x
Short	Variational Omni PONS	0.5964	0.0548	get 0.0274% / 4h	1h 03m	$1.4M	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.556%Rate

Funding earned: $94.08
Price spread: +0.556% → −0.037%: $59.22
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $145.3
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 min ago; Variational Omni: RFQ quote, just now. 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 SunX live order book, 10 min ago	104.45 bp	123.3 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	5.04 bp	doesn't fit	37.0 bp −$370	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 −0.0030%	1h	0.5918	−0.231%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.118%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5922	−0.162%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5931	−0.008%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5927	−0.084%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5930	−0.026%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5921	−0.180%	$29K	$314K	5x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5931	long leg	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5922	−0.160%	$26K	$581K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5937	+0.099%	$65K	$525K	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	0.5917	−0.244%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5923	−0.138%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0297%	1h	0.5924	−0.132%	$60.2M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0412%	4h	0.5918	−0.228%	$13.4M	$55.3M	20x	as long as short
Aster PONSUSDT	+0.0455%	4h	0.5919	−0.204%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0488%	4h	0.5920	−0.194%	$7.6M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0492%	4h	0.5917	−0.238%	$37.3M	$98.0M	20x	as long as short
Extended PONS-USD	+0.0496%	1h	0.5919	−0.210%	$101K	$807K	5x	as long as short
edgeX PONSUSDC	+0.0500%	4h	0.5918	−0.235%	$20K	$290K	10x	as long as short
Variational Omni PONSshort	+0.0548%	4h	0.5964	+0.556%	$1.4M	$4.1M	—
Pacifica PONS	+0.0556%	1h	0.5932	+0.010%	$45K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0594%	4h	0.5919	−0.202%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0653%	1h	0.5928	−0.059%	$85K	$1.9M	3x	as long as short
Bybit PONSUSDT	+0.0655%	4h	0.5912	−0.329%	$17.5M	$31.2M	20x	as long as short
BingX PONS-USDT	+0.0656%	4h	0.5917	−0.244%	—	$3.0M	—	as long as short
Bitget PONSUSDT	+0.0684%	4h	0.5922	−0.164%	$4.7M	$12.2M	20x	as long as short
Gate PONS_USDT	+0.0708%	4h	0.5928	−0.059%	$5.3M	$6.4M	20x	as long as short
BloFin PONS-USDT	+0.0730%	4h	0.5949	+0.295%	$1.7M	$946K	20x	as long as short
Lighter PONS	+0.0872%	1h	0.5923	−0.142%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5918	−0.226%	$45K	$127K	3x	as long as short