Funding you earn now, next payment 08:00 UTC−0.0287%/8h= −31.5% APRnext payment −$1.44 per $10,000 · paid last 24h −0.054%
Price spread now: Variational Omni against BingX−0.102%7-day average +0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.362%−$36 on $10k
+Price spread, last 4 days (all we have)+0.426%+$43 · spread now −0.102%, 7d avg +0.005%
=Together, before fees+0.065%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.107% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.5910 | 0.0782 | pay 0.0391% / 4h | 3h 00m | — | $3.0M | — |
| Short | Variational Omni PONS | 0.5904 | 0.0495 | get 0.0247% / 4h | 3h 00m | $1.4M | $4.1M | — |
BingX PONS-USDT
Variational Omni PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BingX. 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
- −$60.35
- Price spread: −0.102% → +0.005%
- −$10.66
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$81.02
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 4 min ago; Variational Omni: RFQ quote, 3 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 BingX live order book, 4 min ago | 0.84 bp | 11.2 bp −$11 | 30.7 bp −$307 | 327.8 bp −$32.8K | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.21 bp | doesn't fit | 36.2 bp −$362 | 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 +0.0033% / S −0.0032% | 1h | 0.5898 | −0.211% | $234K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +1.007% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5905 | −0.085% | $416K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5911 | +0.017% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5908 | −0.034% | $69K | $130K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5907 | −0.051% | $5.2M | $6.3M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5930 | +0.342% | $34K | $337K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5912 | +0.029% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5905 | −0.088% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5906 | −0.064% | $25K | $543K | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5928 | +0.299% | $64K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5912 | +0.034% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.5907 | −0.047% | $368 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0370% | 4h | 0.5906 | −0.068% | $13.4M | $54.5M | 20x | as long as short |
| Lighter PONS | +0.0456% | 1h | 0.5908 | −0.036% | $1.6M | $897K | 3x | as long as short |
| Hyperliquid PONS | +0.0459% | 1h | 0.5906 | −0.064% | $59.9M | $28.9M | 3x | as long as short |
| Variational Omni PONSshort | +0.0495% | 4h | 0.5904 | −0.102% | $1.4M | $4.1M | — | |
| Aster PONSUSDT | +0.0509% | 4h | 0.5907 | −0.051% | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.0544% | 4h | 0.5911 | +0.012% | $4.6M | $11.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.0612% | 4h | 0.5909 | −0.017% | $7.5M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0614% | 4h | 0.5910 | 0.000% | $38.7M | $94.6M | 20x | as long as short |
| edgeX PONSUSDC | +0.0614% | 4h | 0.5928 | +0.305% | $18K | $294K | 10x | as long as short |
| Extended PONS-USD | +0.0616% | 1h | 0.5907 | −0.047% | $106K | $807K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0734% | 1h | 0.5908 | −0.027% | $81K | $1.7M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0752% | 4h | 0.5905 | −0.080% | $1.6M | $3.8M | 20x | as long as short |
| BingX PONS-USDTlong | +0.0782% | 4h | 0.5910 | long leg | — | $3.0M | — | |
| Bybit PONSUSDT | +0.0828% | 4h | 0.5904 | −0.102% | $17.7M | $31.0M | 20x | as long as short |
| BloFin PONS-USDT | +0.0854% | 4h | 0.5911 | +0.017% | $1.7M | $941K | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.5905 | −0.079% | $46K | $68K | 3x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.5931 | +0.359% | $45K | $109K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Lighter PONS
Hyperliquid PONS
Aster PONSUSDT
Bitget PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Extended PONS-USD
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
Bybit PONSUSDT
BloFin PONS-USDT
Pacifica PONS
Phoenix PONS