Settings8H · net · $10k
Funding arb · Price arb /

PONS

all PONS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0565%/8h= −61.9% APRpaid last 24h −0.076%
Price spread now: Popdex against Variational Omni+0.068%46s7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.142%−$14 on $10k
Price spread, last 4 days (all we have)+1.562%+$156 · spread now +0.068%, 7d avg +0.057%
Together, before fees+1.419%+ Points / potential airdropVariational Omni: Active · farm board+$142 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. The two prices were read 46 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 -0.142% in total (about -14.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni PONS0.58940.0661pay 0.0331% / 4h1h 55m$1.4M$4.1M
ShortPopdex PONSUSDT0.58980.0096get 0.0012% / 1h55m 46s$21K$421K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$118.69
Price spread: +0.068% → +0.057%
$1.11
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$123.98
Costs to cover
0.064%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Popdex: live order book, 53 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago4.22 bpdoesn't fit41.4 bp −$414doesn't fitdoesn't fit
Sell Popdex live order book, 53 min ago7.57 bp127.6 bp −$128doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0032%1h0.5891−0.047%$234K150xas long as short
Injective PONS/USDC PERP+0.0033%1h0.5969+1.282%$614$10K5.5xas long as short
Lighter RH PONS+0.0096%1h0.5910+0.270%$407K$2.5M3xas long as short
Popdex PONSUSDTshort+0.0096%1h0.5898+0.068%$21K$421K20x
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.5903+0.153%$2K$3K10xas long as short
Nado PONS-PERP+0.0100%1h0.5895+0.017%$69K$131K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5913+0.325%$29K$329K5xas long as short
SunX PONS-USDT+0.0100%4h0.5904+0.172%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5898+0.065%$25K$589K3xas long as short
HTX PONS-USDT+0.0100%4h0.5913+0.326%$64K$524K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.5900+0.102%$1.6M$3.2M20xas long as short
Aevo PONS-PERP+0.0224%1h0.5897+0.050%$3673xas long as short
Gate PONS_USDT+0.0260%4h0.5906+0.204%$5.2M$6.3M20xas long as short
Hyperliquid PONS+0.0344%1h0.5914+0.340%$60.1M$29.6M3xas long as short
OKX PONS-USDT-SWAP+0.0430%4h0.5910+0.272%$13.4M$55.7M20xas long as short
Polymarket Perps PONS-USD+0.0449%1h0.5898+0.068%$91K$1.9M3xas long as short
Aster PONSUSDT+0.0469%4h0.5906+0.199%$1.1M$2.2M20xas long as short
Pacifica PONS+0.0556%1h0.5899+0.093%$45K$69K3xas long as short
Extended PONS-USD+0.0576%1h0.5905+0.190%$101K$811K5xas long as short
Binance PONSUSDT+0.0579%4h0.5911+0.287%$37.2M$98.6M20xas long as short
MEXC PONS_USDT+0.0580%4h0.5908+0.238%$7.5M$4.7M20xas long as short
edgeX PONSUSDC+0.0599%4h0.5920+0.437%$20K$293K10xas long as short
Bitget PONSUSDT+0.0652%4h0.5909+0.255%$4.7M$12.2M20xas long as short
Variational Omni PONSlong+0.0661%4h0.5894long leg$1.4M$4.1M
KuCoin PONSUSDTM+0.0684%4h0.5908+0.247%$1.6M$3.8M20xas long as short
BloFin PONS-USDT+0.0822%4h0.5905+0.187%$1.7M$956K20xas long as short
BingX PONS-USDT+0.0882%4h0.5911+0.289%$3.0Mas long as short
Bybit PONSUSDT+0.0920%4h0.5909+0.255%$17.6M$31.5M20xas long as short
Lighter PONS+0.0952%1h0.5913+0.328%$1.6M$822K3xas long as short
Phoenix PONS+0.1719%1h0.5909+0.248%$45K$120K3xas long as short