Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2336 | +0.0100 | pay 0.0050% / 4h | 2m 14s | $877K | $310K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.2342 | +0.0100 | get 0.0013% / 1h | 2m 14s | $95K | $260K | 10x | Short TxFlow5% off |
Price gap+0.250%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$18 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 7D
Price+$18spread +0.250% now, avg +0.065% → +0.184% if it goes back
Costs−$1021.020% of $10k · taker + slippage, in and out
Result−$84−0.84%+ Points / potential airdropVariational Omni: points · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.250%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 35 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size42.7 / 8.5 bpAt $10k entering Variational Omni costs 42.7 bp, fee and slippage, 5.0× TxFlow’s.
- Note: Margin at max leverage$200 + $1,000Variational Omni 50x, TxFlow 10x. 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: $0.00Long Variational Omni: 6 payments, −$3.00; short TxFlow: 24 payments, +$3.00.
- OK: Entry gap works for you+0.250% vs +0.065%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$95K vs $877K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods$0.00
Price spread+0.250% → +0.065% (7d avg)+$18.44
Slippage, 4 orderslive order books−$93.03
Fee Variational Omni bp × 2 orders$0.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$83.58
Costs to cover1.020%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 6 min ago; TxFlow: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni6.4042.7 bp−$4374.7 bp−$747doesn’t fitdoesn’t fit
SELL · SHORTTxFlow2.148.5 bp−$832.6 bp−$326doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-22 07:46 | Phemex | Listing | Spot New Listing - robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 | @ponsdotfamily - Trading Pair: PONS/USDT - Trading Starts: 9:00 UTC, 22 Oct Trade it here ➡️ @Phemex_official on X ↗ |
| 10-15 10:02 | Deribit | Listing | 🚨 Now live on Deribit: PONS and CASHCAT USDC settled perpetuals. ↓ @DeribitOfficial on X ↗ |
| 10-15 10:01 | Deribit | Listing | new market PONS_USDC-PERPETUAL ($PONS) seen by our collector |
| 10-05 02:16 | SoDEX | Other | 📊 SoDEX 24h Movers | Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗ |
| 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 |
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