PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.4% APRpaid last 24h −0.106%

Price spread now: gTrade (Gains Network) against Variational Omni−0.201%7-day average −0.153% · you buy dearer than you sell

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

Long on Variational Omni Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.201%, 7d avg −0.153%

Together, before fees−0.014%+ Points / potential airdropVariational Omni: Active · farm board−$1 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 gTrade (Gains Network) is 0.049% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.153%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PONS	0.6091	0.0100	pay 0.0050% / 4h	7m 27s	$1.4M	$4.2M	—
Short	gTrade (Gains Network) PONS/USD	0.6078	L +0.0033% / S −0.0033%	get 0.0004% / 1h	7m 27s	$241K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Variational Omni. 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 Variational OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.201%Rate

Funding earned: −$14.16
Price spread: −0.201% → −0.153%: −$4.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$31.04
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 7 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 Variational Omni RFQ quote, 2 min ago	7.39 bp	doesn't fit	48.5 bp −$485	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 7 min ago	130.01 bp	2471.1 bp −$2,471	doesn't fit	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.989%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USDshort	L +0.0033% / S −0.0033%	1h	0.6078	−0.201%	$241K	—	150x
Lighter RH PONS	+0.0096%	1h	0.6083	−0.127%	$425K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6084	−0.109%	$20K	$422K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6082	−0.141%	$18.3M	$31.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6082	−0.141%	$13.9M	$57.7M	20x	as long as short
Variational Omni PONSlong	+0.0100%	4h	0.6091	long leg	$1.4M	$4.2M	—
ApeX Omni PONSUSDT	+0.0100%	1h	0.6095	+0.075%	$32K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6089	−0.022%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6095	+0.067%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6095	+0.075%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6117	+0.432%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6098	+0.121%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0124%	4h	0.6083	−0.122%	$1.7M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0147%	4h	0.6083	−0.127%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6086	−0.079%	$379	—	3x	as long as short
Bitget PONSUSDT	+0.0160%	4h	0.6081	−0.158%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0196%	1h	0.6081	−0.160%	$105K	$116K	5x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6085	−0.096%	$252K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0298%	4h	0.6081	−0.158%	$8.0M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0298%	4h	0.6083	−0.122%	$39.9M	$98.3M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6085	−0.092%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0308%	4h	0.6090	−0.012%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0320%	1h	0.6082	−0.141%	$1.7M	$933K	3x	as long as short
BloFin PONS-USDT	+0.0543%	4h	0.6085	−0.092%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0645%	1h	0.6085	−0.096%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0836%	1h	0.6088	−0.047%	$61.9M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6081	−0.162%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6092	+0.019%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2272%	4h	0.6081	−0.158%	$5.3M	$6.3M	20x	as long as short