PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.005%

Price spread now: KuCoin against Variational Omni+0.002%7-day average +0.026% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.139%+$14 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.002%, 7d avg +0.026%

Together, before fees+0.143%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.024% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.026%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.139% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PONS	0.5918	0.0529	pay 0.0264% / 4h	59m 45s	$1.4M	$4.1M	—
Short	KuCoin PONSUSDTM	0.5919	0.0580	get 0.0290% / 4h	59m 45s	$1.6M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $10.77
Price spread: +0.002% → +0.026%: −$2.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.58
Costs to cover: 0.120%
Break-even: 9.3 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; KuCoin: live order book, 8 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, 4 min ago	5.04 bp	doesn't fit	47.1 bp −$471	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.19 bp	27.4 bp −$27	doesn't fit	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 +0.0032% / S −0.0030%	1h	0.5919	+0.008%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.339%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5918	−0.003%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5925	+0.110%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5926	+0.131%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5922	+0.060%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5940	+0.359%	$29K	$308K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5923	+0.072%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5924	+0.094%	$26K	$581K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5930	+0.197%	$65K	$526K	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	+0.077%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5919	+0.017%	$369	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0402%	4h	0.5916	−0.042%	$13.4M	$55.1M	20x	as long as short
Aster PONSUSDT	+0.0440%	4h	0.5922	+0.062%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0470%	4h	0.5920	+0.026%	$37.3M	$97.8M	20x	as long as short
Extended PONS-USD	+0.0472%	1h	0.5921	+0.049%	$101K	$806K	5x	as long as short
MEXC PONS_USDT	+0.0472%	4h	0.5921	+0.043%	$7.6M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0494%	4h	0.5919	+0.011%	$20K	$291K	10x	as long as short
Variational Omni PONSlong	+0.0529%	4h	0.5918	long leg	$1.4M	$4.1M	—
Pacifica PONS	+0.0556%	1h	0.5920	+0.029%	$45K	$68K	3x	as long as short
Gate PONS_USDT	+0.0570%	4h	0.5920	+0.026%	$5.3M	$6.4M	20x	as long as short
KuCoin PONSUSDTMshort	+0.0580%	4h	0.5919	+0.002%	$1.6M	$3.8M	20x
Bybit PONSUSDT	+0.0622%	4h	0.5919	+0.009%	$17.5M	$31.2M	20x	as long as short
BingX PONS-USDT	+0.0650%	4h	0.5917	−0.025%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0660%	1h	0.5927	+0.144%	$85K	$1.9M	3x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5919	+0.014%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0712%	4h	0.5922	+0.060%	$1.7M	$940K	20x	as long as short
Lighter PONS	+0.0856%	1h	0.5922	+0.066%	$1.6M	$791K	3x	as long as short
Hyperliquid PONS	+0.1009%	1h	0.5919	+0.002%	$60.1M	$29.5M	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5934	+0.268%	$45K	$127K	3x	as long as short