Funding you earn now, next payment 21:00 UTC+0.1175%/8h= +128.7% APRpaid last 24h +0.317%
Price spread now: Phoenix against Variational Omni+0.091%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Phoenix is 0.091% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PONS | 0.5905 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $1.3M | $4.3M | — |
| Short | Phoenix PONS | 0.5911 | 0.1275 | get 0.0159% / 1h | 12m 56s | $30K | $86K | 3x |
Variational Omni PONS
Phoenix PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $246.85
- Price spread: +0.091% → 0.000%
- $9.09
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $248.93
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phoenix: no order-book sample. 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 | 5.09 bp | doesn't fit | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.5879 | −0.436% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.243% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5887 | −0.309% | $21K | $443K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5876 | −0.495% | $17.6M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5877 | −0.478% | $13.4M | $55.9M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5879 | −0.451% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5880 | −0.427% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONSlong | +0.0100% | 4h | 0.5905 | long leg | $1.3M | $4.3M | — | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5909 | +0.065% | $34K | $336K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5884 | −0.360% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5900 | −0.084% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5879 | −0.449% | $27K | $549K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5899 | −0.111% | $63K | $505K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5875 | −0.512% | $1.6M | $3.3M | 20x | as long as short |
| Nado PONS-PERP | +0.0103% | 1h | 0.5892 | −0.224% | $89K | $103K | 5x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5883 | −0.373% | $367 | — | 3x | as long as short |
| BingX PONS-USDT | +0.0178% | 4h | 0.5875 | −0.512% | — | $3.1M | — | as long as short |
| Aster PONSUSDT | +0.0180% | 4h | 0.5879 | −0.443% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0180% | 4h | 0.5876 | −0.495% | $7.5M | $5.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0182% | 4h | 0.5876 | −0.490% | $38.2M | $98.3M | 20x | as long as short |
| Extended PONS-USD | +0.0184% | 1h | 0.5878 | −0.468% | $106K | $533K | 5x | as long as short |
| edgeX PONSUSDC | +0.0194% | 4h | 0.5909 | +0.057% | $21K | $294K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0364% | 1h | 0.5886 | −0.321% | $37K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0422% | 4h | 0.5890 | −0.258% | $1.7M | $964K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5893 | −0.203% | $47K | $103K | 3x | as long as short |
| Hyperliquid PONS | +0.0487% | 1h | 0.5884 | −0.368% | $59.0M | $30.1M | 3x | as long as short |
| Lighter RH PONS | +0.0560% | 1h | 0.5880 | −0.426% | $413K | $2.6M | 3x | as long as short |
| Gate PONS_USDT | +0.0784% | 4h | 0.5877 | −0.478% | $5.1M | $6.8M | 20x | as long as short |
| Lighter PONS | +0.1008% | 1h | 0.5884 | −0.366% | $1.7M | $889K | 3x | as long as short |
| Phoenix PONSshort | +0.1275% | 1h | 0.5911 | +0.091% | $30K | $86K | 3x |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Nado PONS-PERP
Aevo PONS-PERP
BingX PONS-USDT
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Lighter RH PONS
Gate PONS_USDT
Lighter PONS