Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5038 | +0.0100 | pay 0.0050% / 4h | 3h 58m | $1.6M | $4.4M | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.5034 | +0.0448 | get 0.0056% / 1h | 58m 09s | $48K | $443K | 4x | Short Arcus5% off |
Price gap−0.070%
Funding gap+0.0348% /8h
Funding pays +$10 a day on $10k, but the gap is 0.206% under its 7d average: −$21 if it goes back, about 47 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$24+0.0348% /8h now · paid +0.243% over the last 1 day (all we have)
Price−$21spread −0.070% now, avg +0.137% → −0.206% if it goes back
Costs−$780.778% of $10k · taker + slippage, in and out
Result−$74−0.74%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Arcus price against Variational Omninow
RANGE STATS · 7D
Now−0.070%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 31 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size28.7 / 11.2 bpAt $10k entering Variational Omni costs 28.7 bp, fee and slippage, 2.6× Arcus’s.
- Note: Margin at max leverage$200 + $2,500Variational Omni 50x, Arcus 4x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$10.43Long Variational Omni: 6 payments, −$3.00; short Arcus: 24 payments, +$13.43.
- Watch: Gap narrower than usual−0.070% vs +0.137%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$48K vs $1.6M OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Arcus NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0670%/8h × 21 periods+$140.70
Price spread−0.070% → +0.137% (7d avg)−$20.62
Slippage, 4 orderslive order books−$73.32
Fee Variational Omni bp × 2 orders$0.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$42.26
Costs to cover0.778%Break-even4.9 days
Slippage: Variational Omni: RFQ quote, 1 min ago; Arcus: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.9528.7 bp−$2948.5 bp−$485doesn’t fitdoesn’t fit
SELL · SHORTArcus7.8311.2 bp−$1124.0 bp−$240doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Kraken Futures
Avantis
Bybit