PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0338%/8h= −37.0% APRnext payment −$1.69 per $10,000 · paid last 24h −0.039%

Price spread now: Variational Omni against Bybit−0.365%7-day average −0.020% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.168%−$17 on $10k

Price spread, last 7 days+0.342%+$34 · spread now −0.365%, 7d avg −0.020%

Together, before fees+0.174%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.346% cheaper against Bybit than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6034	0.0636	pay 0.0318% / 4h	3h 54m	$18.0M	$31.0M	20x
Short	Variational Omni PONS	0.6012	0.0298	get 0.0149% / 4h	3h 54m	$1.4M	$3.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.365%Rate

Funding earned: −$70.89
Price spread: −0.365% → −0.020%: −$34.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$116.48
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Bybit live order book, 5 min ago	3.33 bp	19.4 bp −$19	39.6 bp −$396	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	4.16 bp	doesn't fit	40.8 bp −$408	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	0.6019	−0.240%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.069%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6028	−0.099%	$21K	$435K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6030	−0.075%	$71K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6018	−0.259%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6026	−0.129%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6030	−0.061%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6028	−0.091%	$26K	$538K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6023	−0.184%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6025	−0.149%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6029	−0.083%	$376	—	3x	as long as short
Variational Omni PONSshort	+0.0298%	4h	0.6012	−0.365%	$1.4M	$3.9M	—
OKX PONS-USDT-SWAP	+0.0328%	4h	0.6030	−0.066%	$13.7M	$55.7M	20x	as long as short
Aster PONSUSDT	+0.0465%	4h	0.6031	−0.045%	$1.1M	$2.1M	20x	as long as short
Lighter PONS	+0.0480%	1h	0.6029	−0.078%	$1.7M	$890K	3x	as long as short
Bitget PONSUSDT	+0.0502%	4h	0.6036	+0.025%	$4.6M	$11.6M	20x	as long as short
Lighter RH PONS	+0.0568%	1h	0.6026	−0.126%	$413K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6036	+0.033%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0597%	4h	0.6009	−0.417%	$18K	$292K	10x	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.6033	−0.017%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0614%	4h	0.6033	−0.012%	$39.4M	$95.4M	20x	as long as short
Extended PONS-USD	+0.0616%	1h	0.6027	−0.109%	$108K	$813K	5x	as long as short
Bybit PONSUSDTlong	+0.0636%	4h	0.6034	long leg	$18.0M	$31.0M	20x
Gate PONS_USDT	+0.0640%	4h	0.6021	−0.215%	$5.2M	$6.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0698%	4h	0.6035	+0.012%	$1.6M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0733%	1h	0.6028	−0.103%	$61.6M	$28.3M	3x	as long as short
Polymarket Perps PONS-USD	+0.0832%	1h	0.6029	−0.080%	$73K	$1.6M	3x	as long as short
BloFin PONS-USDT	+0.0841%	4h	0.6044	+0.166%	$1.8M	$963K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.6035	+0.014%	$48K	$67K	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6005	−0.474%	$38K	$109K	3x	as long as short