Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h +0.039%
Price spread now: Variational Omni against OKX−0.311%7-day average −0.015% · 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)−0.095%−$9 on $10k
+Price spread, last 7 days+0.287%+$29 · spread now −0.311%, 7d avg −0.015%
=Together, before fees+0.192%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.296% cheaper against OKX than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PONS-USDT-SWAP | 0.6096 | 0.0148 | pay 0.0074% / 4h | 3h 32m | $13.9M | $57.1M | 20x |
| Short | Variational Omni PONS | 0.6077 | 0.0100 | get 0.0050% / 4h | 3h 32m | $1.4M | $4.2M | — |
OKX PONS-USDT-SWAP
Variational Omni PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against OKX. 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
- −$10.08
- Price spread: −0.311% → −0.015%
- −$29.61
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$49.68
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 OKX live order book, 1 min ago | 0.82 bp | 12.1 bp −$12 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 4.94 bp | doesn't fit | 34.6 bp −$346 | 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 −0.0033% | 1h | 0.6087 | −0.150% | $241K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.075% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6096 | +0.002% | $432K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6096 | 0.000% | $20K | $416K | 20x | as long as short |
| Variational Omni PONSshort | +0.0100% | 4h | 0.6077 | −0.311% | $1.4M | $4.2M | — | |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6090 | −0.105% | $33K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6102 | +0.094% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6093 | −0.052% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6096 | 0.000% | $28K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6098 | +0.030% | $65K | $511K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6090 | −0.098% | $1.7M | $3.2M | 20x | as long as short |
| OKX PONS-USDT-SWAPlong | +0.0148% | 4h | 0.6096 | long leg | $13.9M | $57.1M | 20x | |
| Aevo PONS-PERP | +0.0168% | 1h | 0.6096 | −0.003% | $380 | — | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0174% | 4h | 0.6098 | +0.028% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0220% | 4h | 0.6100 | +0.071% | $4.8M | $11.5M | 20x | as long as short |
| Aster PONSUSDT | +0.0228% | 4h | 0.6098 | +0.037% | $1.1M | $2.1M | 20x | as long as short |
| Extended PONS-USD | +0.0336% | 1h | 0.6101 | +0.078% | $252K | $679K | 5x | as long as short |
| MEXC PONS_USDT | +0.0336% | 4h | 0.6101 | +0.082% | $7.9M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0338% | 4h | 0.6100 | +0.066% | $40.0M | $96.9M | 20x | as long as short |
| edgeX PONSUSDC | +0.0350% | 4h | 0.6075 | −0.338% | $21K | $294K | 10x | as long as short |
| Lighter PONS | +0.0448% | 1h | 0.6097 | +0.016% | $1.7M | $898K | 3x | as long as short |
| BloFin PONS-USDT | +0.0578% | 4h | 0.6094 | −0.033% | $1.8M | $1.0M | 20x | as long as short |
| Nado PONS-PERP | +0.0602% | 1h | 0.6092 | −0.066% | $105K | $115K | 5x | as long as short |
| BingX PONS-USDT | +0.0628% | 4h | 0.6099 | +0.049% | — | $3.1M | — | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6092 | −0.059% | $48K | $87K | 3x | as long as short |
| Bybit PONSUSDT | +0.0689% | 4h | 0.6093 | −0.049% | $18.3M | $30.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0746% | 1h | 0.6097 | +0.011% | $44K | $1.6M | 3x | as long as short |
| Gate PONS_USDT | +0.0902% | 4h | 0.6097 | +0.016% | $5.3M | $6.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0912% | 1h | 0.6099 | +0.054% | $62.0M | $29.2M | 3x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6077 | −0.305% | $31K | $113K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Lighter PONS
BloFin PONS-USDT
Nado PONS-PERP
BingX PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Polymarket Perps PONS-USD
Gate PONS_USDT
Hyperliquid PONS
Phoenix PONS