PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0081%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h +0.023%

Price spread now: MEXC against Variational Omni+0.246%7-day average −0.025% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.186%+$19 on $10k

Price spread, last 4 days (all we have)−1.826%−$183 · spread now +0.246%, 7d avg −0.025%

Together, before fees−1.640%+ Points / potential airdropVariational Omni: Active · farm board−$164 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.271% dearer against Variational Omni than usual: you sell high and buy low (spread +0.246% now, against its 7-day average of −0.025%): +$27 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 4 days funding on this pair paid +0.186%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PONS	0.5904	0.0631	pay 0.0315% / 4h	1h 42m	$1.4M	$4.1M	—
Short	MEXC PONS_USDT	0.5919	0.0550	get 0.0275% / 4h	1h 42m	$7.5M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpOrdersPrice spread, now +0.246%Rate

Funding earned: −$16.93
Price spread: +0.246% → −0.025%: $27.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.2
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; MEXC: live order book, 5 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, 1 min ago	4.21 bp	doesn't fit	36.2 bp −$362	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.85 bp	4.5 bp −$5	12.9 bp −$129	304.9 bp −$30.5K	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 +0.0033% / S −0.0032%	1h	0.5915	+0.180%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.101%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5919	+0.244%	$411K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5926	+0.365%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5928	+0.404%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5919	+0.246%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5925	+0.348%	$29K	$320K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5923	+0.314%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5922	+0.297%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5923	+0.305%	$64K	$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	0.5919	+0.246%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5924	+0.328%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0283%	1h	0.5917	+0.219%	$60.1M	$29.6M	3x	as long as short
Gate PONS_USDT	+0.0296%	4h	0.5915	+0.178%	$5.3M	$6.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0417%	4h	0.5920	+0.263%	$13.3M	$55.9M	20x	as long as short
Aster PONSUSDT	+0.0467%	4h	0.5921	+0.281%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0472%	1h	0.5924	+0.326%	$94K	$1.9M	3x	as long as short
Binance PONSUSDT	+0.0545%	4h	0.5922	+0.291%	$37.2M	$98.5M	20x	as long as short
MEXC PONS_USDTshort	+0.0550%	4h	0.5919	+0.246%	$7.5M	$4.7M	20x
Extended PONS-USD	+0.0552%	1h	0.5919	+0.239%	$101K	$811K	5x	as long as short
Pacifica PONS	+0.0556%	1h	0.5919	+0.250%	$45K	$68K	3x	as long as short
edgeX PONSUSDC	+0.0565%	4h	0.5926	+0.369%	$20K	$296K	10x	as long as short
Variational Omni PONSlong	+0.0631%	4h	0.5904	long leg	$1.4M	$4.1M	—
KuCoin PONSUSDTM	+0.0638%	4h	0.5919	+0.244%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0662%	4h	0.5921	+0.278%	$4.7M	$12.2M	20x	as long as short
Lighter PONS	+0.0768%	1h	0.5920	+0.268%	$1.6M	$828K	3x	as long as short
Bybit PONSUSDT	+0.0786%	4h	0.5918	+0.229%	$17.6M	$31.4M	20x	as long as short
BloFin PONS-USDT	+0.0792%	4h	0.5919	+0.246%	$1.7M	$958K	20x	as long as short
BingX PONS-USDT	+0.0796%	4h	0.5914	+0.161%	—	$3.0M	—	as long as short
Phoenix PONS	+0.1472%	1h	0.5910	+0.089%	$45K	$127K	3x	as long as short