PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.95 per $10,000 · paid last 24h −0.059%

Price spread now: Variational Omni against Gate−0.110%7-day average −0.004% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.350%−$35 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.110%, 7d avg −0.004%

Together, before fees−0.243%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.107% cheaper against Gate than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of −0.004%). If the spread goes back, that is −$11 on $10k: about 45 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 4 days funding on this pair cost −0.350%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.5915	0.0406	pay 0.0203% / 4h	1h 34m	$5.3M	$6.3M	20x
Short	Variational Omni PONS	0.5908	0.0595	get 0.0298% / 4h	1h 34m	$1.4M	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.110%Rate

Funding earned: $39.79
Price spread: −0.110% → −0.004%: −$10.66
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $14.13
Costs to cover: 0.150%
Break-even: 4.5 days

Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 5 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 Gate live order book, 4 min ago	1.69 bp	25.3 bp −$25	158.8 bp −$1,588	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	4.23 bp	doesn't fit	29.6 bp −$296	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	0.5907	−0.138%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.921%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5922	+0.125%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5923	+0.135%	$22K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5930	+0.250%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5927	+0.202%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5903	−0.210%	$29K	$316K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5922	+0.117%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5926	+0.178%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5935	+0.331%	$65K	$524K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5923	+0.135%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5926	+0.186%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0223%	1h	0.5921	+0.101%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0399%	4h	0.5917	+0.034%	$13.3M	$55.9M	20x	as long as short
Gate PONS_USDTlong	+0.0406%	4h	0.5915	long leg	$5.3M	$6.3M	20x
Polymarket Perps PONS-USD	+0.0442%	1h	0.5923	+0.135%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0465%	4h	0.5924	+0.159%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0520%	1h	0.5920	+0.078%	$101K	$811K	5x	as long as short
MEXC PONS_USDT	+0.0520%	4h	0.5921	+0.101%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0527%	4h	0.5923	+0.135%	$37.2M	$98.5M	20x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.5909	−0.101%	$20K	$292K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5920	+0.091%	$45K	$68K	3x	as long as short
Variational Omni PONSshort	+0.0595%	4h	0.5908	−0.110%	$1.4M	$4.1M	—
KuCoin PONSUSDTM	+0.0636%	4h	0.5920	+0.088%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5923	+0.135%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0724%	4h	0.5918	+0.051%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0744%	4h	0.5919	+0.068%	$17.6M	$31.4M	20x	as long as short
Lighter PONS	+0.0744%	1h	0.5923	+0.135%	$1.6M	$830K	3x	as long as short
BloFin PONS-USDT	+0.0761%	4h	0.5931	+0.270%	$1.7M	$955K	20x	as long as short
Phoenix PONS	+0.1472%	1h	0.5909	−0.105%	$45K	$127K	3x	as long as short