PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0523%/8h= +57.3% APRnext payment +$2.62 per $10,000 · paid last 24h +0.075%

Price spread now: Variational Omni against HTX−0.012%7-day average −0.042% · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.159%+$16 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.012%, 7d avg −0.042%

Together, before fees+0.006%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Variational Omni is 0.030% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.042%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.159% in total (about 15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.62 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PONS-USDT	0.6224	0.0100	pay 0.0050% / 4h	1h 29m	$64K	$547K	20x
Short	Variational Omni PONS	0.6223	0.0623	get 0.0312% / 4h	1h 29m	$1.5M	$3.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.012%Rate

Funding earned: $109.87
Price spread: −0.012% → −0.042%: $3.02
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $100.89
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: HTX: live order book, 17 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 HTX live order book, 17 min ago	29.33 bp	140.8 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.58 bp	doesn't fit	24.7 bp −$247	doesn't fit	doesn't fit

PONS on 30 exchanges

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 +0.0032% / S −0.0030%	1h	0.6253	+0.475%	$246K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.584%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6223	−0.013%	$21K	$390K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6226	+0.034%	$76K	$105K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6297	+1.178%	$31K	$282K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6230	+0.098%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6223	−0.005%	—	$868K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6227	+0.050%	$26K	$595K	3x	as long as short
HTX PONS-USDTlong	+0.0100%	4h	0.6224	long leg	$64K	$547K	20x
Phemex PONSUSDT	+0.0100%	4h	0.6235	+0.180%	$1.7M	$3.2M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PONS_USDT	+0.0146%	4h	0.6230	+0.100%	$5.3M	$6.5M	20x	as long as short
Lighter RH PONS	+0.0224%	1h	0.6232	+0.135%	$434K	$2.6M	3x	as long as short
Lighter PONS	+0.0232%	1h	0.6232	+0.138%	$1.7M	$857K	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6223	−0.016%	$388	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0351%	4h	0.6227	+0.051%	$13.9M	$58.5M	20x	as long as short
Hyperliquid PONS	+0.0358%	1h	0.6230	+0.104%	$63.8M	$29.7M	3x	as long as short
Polymarket Perps PONS-USD	+0.0414%	1h	0.6223	−0.005%	$108K	$2.0M	3x	as long as short
Aster PONSUSDT	+0.0495%	4h	0.6224	+0.009%	$1.2M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0496%	4h	0.6228	+0.063%	$1.8M	$4.3M	20x	as long as short
Pacifica PONS	+0.0616%	1h	0.6224	−0.004%	$45K	$73K	3x	as long as short
Variational Omni PONSshort	+0.0623%	4h	0.6223	−0.012%	$1.5M	$3.9M	—
Extended PONS-USD	+0.0624%	1h	0.6227	+0.051%	$180K	$856K	5x	as long as short
MEXC PONS_USDT	+0.0626%	4h	0.6229	+0.084%	$7.5M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0627%	4h	0.6232	+0.127%	$40.4M	$98.8M	20x	as long as short
edgeX PONSUSDC	+0.0646%	4h	0.6269	+0.730%	$18K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0752%	4h	0.6232	+0.132%	$5.0M	$13.2M	20x	as long as short
BingX PONS-USDT	+0.0772%	4h	0.6220	−0.061%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0834%	4h	0.6231	+0.116%	$18.8M	$31.8M	20x	as long as short
BloFin PONS-USDT	+0.0870%	4h	0.6230	+0.100%	$1.9M	$1.1M	20x	as long as short
Phoenix PONS	+0.1637%	1h	0.6299	+1.207%	$48K	$162K	3x	as long as short