PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0473%/8h= +51.8% APRnext payment +$2.37 per $10,000 · paid last 24h +0.075%

Price spread now: Variational Omni against SunX+0.053%60s7-day average −0.031% · you sell dearer than you buy

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

Long on SunX 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)−0.364%−$36 · spread now +0.053%, 7d avg −0.031%

Together, before fees−0.205%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Variational Omni is 0.084% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.031%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

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 15.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.37 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	SunX PONS-USDT	0.6315	0.0100	pay 0.0050% / 4h	50m 27s	—	$828K	10x
Short	Variational Omni PONS	0.6319	0.0573	get 0.0287% / 4h	50m 27s	$1.5M	$3.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.053%Rate

Funding earned: $99.42
Price spread: +0.053% → −0.031%: $8.41
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $99.83
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 15 min ago; Variational Omni: RFQ quote, 2 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 SunX live order book, 15 min ago	104.53 bp	123.4 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.96 bp	doesn't fit	35.6 bp −$356	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 +0.0031% / S −0.0029%	1h	0.6303	−0.196%	$248K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.969%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6313	−0.040%	$21K	$396K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6314	−0.021%	$77K	$92K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6338	+0.356%	$32K	$286K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6309	−0.111%	$2K	$4K	10x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.6315	long leg	—	$828K	10x
SoDEX PONS-USD	+0.0100%	1h	0.6314	−0.025%	$27K	$594K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6316	+0.002%	$65K	$549K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6311	−0.071%	$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
Aevo PONS-PERP	+0.0216%	1h	0.6307	−0.142%	$393	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0263%	4h	0.6300	−0.245%	$13.9M	$59.2M	20x	as long as short
Hyperliquid PONS	+0.0406%	1h	0.6316	+0.005%	$64.6M	$29.4M	3x	as long as short
Aster PONSUSDT	+0.0413%	4h	0.6309	−0.097%	$1.2M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0500%	4h	0.6316	+0.006%	$1.8M	$4.3M	20x	as long as short
Pacifica PONS	+0.0517%	1h	0.6312	−0.062%	$46K	$73K	3x	as long as short
Lighter RH PONS	+0.0536%	1h	0.6313	−0.044%	$461K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0540%	4h	0.6307	−0.135%	$5.4M	$6.4M	20x	as long as short
Binance PONSUSDT	+0.0550%	4h	0.6314	−0.024%	$40.7M	$98.1M	20x	as long as short
Extended PONS-USD	+0.0552%	1h	0.6312	−0.058%	$182K	$849K	5x	as long as short
MEXC PONS_USDT	+0.0552%	4h	0.6314	−0.024%	$7.7M	$4.5M	20x	as long as short
Variational Omni PONSshort	+0.0573%	4h	0.6319	+0.053%	$1.5M	$3.8M	—
Polymarket Perps PONS-USD	+0.0582%	1h	0.6315	0.000%	$88K	$2.0M	3x	as long as short
edgeX PONSUSDC	+0.0585%	4h	0.6327	+0.190%	$18K	$294K	10x	as long as short
Bitget PONSUSDT	+0.0684%	4h	0.6303	−0.200%	$5.0M	$13.1M	20x	as long as short
BingX PONS-USDT	+0.0712%	4h	0.6306	−0.150%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0740%	4h	0.6301	−0.230%	$18.9M	$31.4M	20x	as long as short
BloFin PONS-USDT	+0.0798%	4h	0.6314	−0.024%	$1.8M	$1.1M	20x	as long as short
Lighter PONS	+0.0808%	1h	0.6314	−0.019%	$1.8M	$848K	3x	as long as short
Phoenix PONS	+0.1439%	1h	0.6328	+0.192%	$48K	$153K	3x	as long as short