Funding you earn now, next payment 04:00 UTC−0.0340%/8h= −37.2% APRnext payment −$1.70 per $10,000 · paid last 24h −0.020%
Price spread now: Variational Omni against edgeX−0.057%104s7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.183%−$18 on $10k
+Price spread, last 4 days (all we have)−0.161%−$16 · spread now −0.057%, 7d avg +0.009%
=Together, before fees−0.344%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.066% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PONSUSDC | 0.6058 | 0.0440 | pay 0.0220% / 4h | 2h 03m | $21K | $292K | 10x |
| Short | Variational Omni PONS | 0.6054 | 0.0100 | get 0.0050% / 4h | 2h 03m | $1.4M | $3.9M | — |
edgeX PONSUSDC
Variational Omni PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- −$71.37
- Price spread: −0.057% → +0.009%
- −$6.58
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$86.95
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 64 min ago; Variational Omni: RFQ quote, just now. 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 edgeX live order book, 64 min ago | 13.02 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 4.95 bp | doesn't fit | 38.0 bp −$380 | 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 | 0.6049 | −0.152% | $240K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.459% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6058 | +0.002% | $20K | $422K | 20x | as long as short |
| Variational Omni PONSshort | +0.0100% | 4h | 0.6054 | −0.057% | $1.4M | $3.9M | — | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6060 | +0.043% | $33K | $352K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6064 | +0.099% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6058 | +0.010% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6058 | +0.002% | $26K | $520K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6070 | +0.201% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6057 | −0.015% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0160% | 1h | 0.6062 | +0.066% | $425K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0192% | 1h | 0.6062 | +0.076% | $378 | — | 3x | as long as short |
| Lighter PONS | +0.0232% | 1h | 0.6062 | +0.066% | $1.7M | $889K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0257% | 4h | 0.6063 | +0.084% | $13.9M | $54.8M | 20x | as long as short |
| Nado PONS-PERP | +0.0272% | 1h | 0.6056 | −0.026% | $71K | $131K | 5x | as long as short |
| KuCoin PONSUSDTM | +0.0288% | 4h | 0.6060 | +0.041% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0358% | 4h | 0.6067 | +0.157% | $4.7M | $11.3M | 20x | as long as short |
| BingX PONS-USDT | +0.0410% | 4h | 0.6068 | +0.167% | — | $3.0M | — | as long as short |
| Aster PONSUSDT | +0.0437% | 4h | 0.6064 | +0.094% | $1.1M | $2.0M | 20x | as long as short |
| edgeX PONSUSDClong | +0.0440% | 4h | 0.6058 | long leg | $21K | $292K | 10x | |
| Extended PONS-USD | +0.0440% | 1h | 0.6064 | +0.094% | $250K | $670K | 5x | as long as short |
| MEXC PONS_USDT | +0.0444% | 4h | 0.6062 | +0.068% | $7.8M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0451% | 4h | 0.6068 | +0.162% | $39.7M | $94.3M | 20x | as long as short |
| Bybit PONSUSDT | +0.0460% | 4h | 0.6062 | +0.068% | $18.1M | $30.4M | 20x | as long as short |
| Hyperliquid PONS | +0.0717% | 1h | 0.6067 | +0.145% | $61.8M | $27.8M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0778% | 1h | 0.6059 | +0.026% | $48K | $1.5M | 3x | as long as short |
| Gate PONS_USDT | +0.0790% | 4h | 0.6054 | −0.064% | $5.3M | $6.2M | 20x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.6066 | +0.134% | $48K | $75K | 3x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6022 | −0.593% | $31K | $107K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
Nado PONS-PERP
KuCoin PONSUSDTM
Bitget PONSUSDT
BingX PONS-USDT
Aster PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
Bybit PONSUSDT
Hyperliquid PONS
Polymarket Perps PONS-USD
Gate PONS_USDT
Pacifica PONS
Phoenix PONS