PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0520%/8h= −57.0% APRnext payment −$2.60 per $10,000 · paid last 24h +0.059%

Price spread now: Gate against Variational Omni+0.351%7-day average +0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

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−0.353%−$35 · spread now +0.351%, 7d avg +0.004%

Together, before fees−0.003%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.347% dearer against Variational Omni than usual: you sell high and buy low (spread +0.351% now, against its 7-day average of +0.004%): +$35 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 4 days funding on this pair paid +0.350%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PONS	0.5850	0.0620	pay 0.0310% / 4h	2h 16m	$1.3M	$4.1M	—
Short	Gate PONS_USDT	0.5871	0.0100	get 0.0050% / 4h	2h 16m	$5.2M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now +0.351%Rate

Funding earned: −$109.25
Price spread: +0.351% → +0.004%: $34.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.57
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Gate: live order book, 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 Variational Omni RFQ quote, 2 min ago	4.25 bp	doesn't fit	40.0 bp −$400	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.56 bp	26.2 bp −$26	69.2 bp −$692	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	0.5873	+0.378%	$233K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+2.034%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5875	+0.414%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5885	+0.590%	$20K	$438K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5885	+0.597%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5881	+0.527%	$69K	$131K	5x	as long as short
Gate PONS_USDTshort	+0.0100%	4h	0.5871	+0.351%	$5.2M	$6.4M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.5866	+0.260%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5882	+0.537%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5878	+0.465%	$25K	$581K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5886	+0.614%	$64K	$526K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5870	+0.334%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0196%	1h	0.5872	+0.370%	$59.6M	$29.6M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5877	+0.445%	$366	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0390%	4h	0.5875	+0.419%	$13.3M	$55.6M	20x	as long as short
Aster PONSUSDT	+0.0467%	4h	0.5877	+0.447%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0584%	4h	0.5855	+0.072%	$20K	$295K	10x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5875	+0.427%	$100K	$814K	5x	as long as short
MEXC PONS_USDT	+0.0594%	4h	0.5879	+0.488%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0594%	4h	0.5875	+0.414%	$37.3M	$98.5M	20x	as long as short
Bitget PONSUSDT	+0.0604%	4h	0.5878	+0.477%	$4.6M	$12.2M	20x	as long as short
Variational Omni PONSlong	+0.0620%	4h	0.5850	long leg	$1.3M	$4.1M	—
Lighter PONS	+0.0664%	1h	0.5880	+0.501%	$1.6M	$937K	3x	as long as short
KuCoin PONSUSDTM	+0.0702%	4h	0.5878	+0.472%	$1.6M	$3.8M	20x	as long as short
Pacifica PONS	+0.0715%	1h	0.5882	+0.531%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0732%	1h	0.5881	+0.527%	$111K	$1.9M	3x	as long as short
BloFin PONS-USDT	+0.0834%	4h	0.5880	+0.505%	$1.7M	$944K	20x	as long as short
BingX PONS-USDT	+0.0888%	4h	0.5875	+0.419%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0949%	4h	0.5875	+0.419%	$17.6M	$31.6M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5849	−0.030%	$44K	$121K	3x	as long as short