PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.040%

Price spread now: Variational Omni against Bybit−0.635%7-day average −0.020% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.169%−$17 on $10k

Price spread, last 7 days+0.593%+$59 · spread now −0.635%, 7d avg −0.020%

Together, before fees+0.424%+ Points / potential airdropVariational Omni: Active · farm board+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.615% cheaper against Bybit than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6064	0.0296	pay 0.0148% / 4h	2h 21m	$18.2M	$30.5M	20x
Short	Variational Omni PONS	0.6026	0.0100	get 0.0050% / 4h	2h 21m	$1.4M	$4.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.635%Rate

Funding earned: −$41.21
Price spread: −0.635% → −0.020%: −$61.49
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$113.7
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.48 bp	16.6 bp −$17	36.1 bp −$361	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.95 bp	doesn't fit	29.7 bp −$297	doesn't fit	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6062	−0.026%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.558%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.165%	$20K	$423K	20x	as long as short
Variational Omni PONSshort	+0.0100%	4h	0.6026	−0.635%	$1.4M	$4.0M	—
ApeX Omni PONSUSDT	+0.0100%	1h	0.6063	−0.013%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6076	+0.191%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6071	+0.124%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6069	+0.086%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6085	+0.346%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6061	−0.049%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6071	+0.124%	$378	—	3x	as long as short
Lighter RH PONS	+0.0208%	1h	0.6070	+0.097%	$428K	$2.5M	3x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.6072	+0.134%	$71K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0232%	4h	0.6069	+0.089%	$1.7M	$3.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0241%	4h	0.6065	+0.016%	$13.9M	$55.2M	20x	as long as short
Lighter PONS	+0.0272%	1h	0.6069	+0.084%	$1.7M	$885K	3x	as long as short
Bybit PONSUSDTlong	+0.0296%	4h	0.6064	long leg	$18.2M	$30.5M	20x
Bitget PONSUSDT	+0.0320%	4h	0.6068	+0.064%	$4.7M	$11.3M	20x	as long as short
BingX PONS-USDT	+0.0388%	4h	0.6068	+0.066%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0407%	4h	0.6073	+0.145%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDT	+0.0418%	4h	0.6069	+0.082%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0422%	4h	0.6066	+0.033%	$39.7M	$94.7M	20x	as long as short
Extended PONS-USD	+0.0424%	1h	0.6071	+0.121%	$250K	$672K	5x	as long as short
edgeX PONSUSDC	+0.0428%	4h	0.6064	−0.003%	$21K	$292K	10x	as long as short
Gate PONS_USDT	+0.0574%	4h	0.6064	0.000%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0684%	1h	0.6072	+0.137%	$61.9M	$28.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0749%	1h	0.6073	+0.142%	$46K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6071	+0.123%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6073	+0.148%	$31K	$107K	3x	as long as short