PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1306%/8h= +143.0% APRnext payment +$6.53 per $10,000 · paid last 24h +0.007%

Price spread now: Gate against Variational Omni+0.179%7-day average +0.001% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.242%+$24 on $10k

Price spread, last 7 days−0.242%−$24 · spread now +0.179%, 7d avg +0.001%

Together, before fees0.000%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Gate is 0.178% dearer against Variational Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.001%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.242% in total (about 27.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.53 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	Variational Omni PONS	0.5973	0.0100	pay 0.0050% / 4h	1h 39m	$1.4M	$4.3M	—
Short	Gate PONS_USDT	0.5984	0.1406	get 0.0703% / 4h	1h 39m	$5.2M	$6.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.179%Rate

Funding earned: $274.26
Price spread: +0.179% → +0.001%: $17.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $277.04
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Gate: live order book, 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 Variational Omni RFQ quote, 5 min ago	5.88 bp	doesn't fit	39.5 bp −$395	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.68 bp	27.2 bp −$27	71.7 bp −$717	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	0.5978	+0.081%	$219K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.899%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5986	+0.212%	$16K	$433K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5983	+0.162%	$17.9M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5984	+0.179%	$13.5M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5988	+0.254%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5988	+0.241%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONSlong	+0.0100%	4h	0.5973	long leg	$1.4M	$4.3M	—
ApeX Omni PONSUSDT	+0.0100%	1h	0.5981	+0.130%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5988	+0.253%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5989	+0.258%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5982	+0.145%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5992	+0.315%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5978	+0.078%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5981	+0.134%	$373	—	3x	as long as short
Aster PONSUSDT	+0.0161%	4h	0.5985	+0.198%	$1.1M	$2.2M	20x	as long as short
BingX PONS-USDT	+0.0174%	4h	0.5981	+0.129%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0178%	4h	0.5981	+0.129%	$21K	$292K	10x	as long as short
MEXC PONS_USDT	+0.0182%	4h	0.5986	+0.212%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5982	+0.151%	$38.9M	$97.7M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5982	+0.145%	$248K	$667K	5x	as long as short
Nado PONS-PERP	+0.0236%	1h	0.5986	+0.216%	$91K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0422%	4h	0.5982	+0.145%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5986	+0.214%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0508%	1h	0.5986	+0.216%	$37K	$1.7M	3x	as long as short
Lighter RH PONS	+0.0592%	1h	0.5987	+0.229%	$424K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0644%	1h	0.5989	+0.269%	$60.3M	$29.9M	3x	as long as short
Lighter PONS	+0.0888%	1h	0.5983	+0.162%	$1.7M	$985K	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5992	+0.313%	$30K	$96K	3x	as long as short
Gate PONS_USDTshort	+0.1406%	4h	0.5984	+0.179%	$5.2M	$6.5M	20x