PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0495%/8h= +54.3% APRnext payment +$2.48 per $10,000 · paid last 24h +0.075%

Price spread now: Variational Omni against SunX−0.207%7-day average −0.037% · you buy dearer than you sell

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)+0.139%+$14 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.207%, 7d avg −0.037%

Together, before fees+0.170%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.170% cheaper against SunX than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of −0.037%). If the spread goes back, that is −$17 on $10k: about 27 hours of funding at the current rate (+$15 a day). At the pace of the last 4 days (+0.139% in total) that is about 4.4 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.139% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.5921	0.0100	pay 0.0050% / 4h	1h 34m	—	$1.2M	10x
Short	Variational Omni PONS	0.5908	0.0595	get 0.0298% / 4h	1h 34m	$1.4M	$4.1M	—

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 −0.207%Rate

Funding earned: $104.05
Price spread: −0.207% → −0.037%: −$17.01
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $79.04
Costs to cover: 0.080%
Break-even: 1.7 days

Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago	106.11 bp	125.0 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	4.23 bp	doesn't fit	29.6 bp −$296	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	0.5912	−0.152%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.824%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5919	−0.025%	$416K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5923	+0.039%	$22K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5927	+0.110%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5922	+0.017%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5903	−0.306%	$29K	$316K	5x	as long as short
SunX PONS-USDTlong	+0.0100%	4h	0.5921	long leg	—	$1.2M	10x
SoDEX PONS-USD	+0.0100%	1h	0.5919	−0.027%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5926	+0.093%	$65K	$525K	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	0.5921	+0.005%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5922	+0.022%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0222%	1h	0.5924	+0.052%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0399%	4h	0.5927	+0.106%	$13.3M	$56.0M	20x	as long as short
Gate PONS_USDT	+0.0406%	4h	0.5915	−0.096%	$5.3M	$6.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0441%	1h	0.5918	−0.049%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0465%	4h	0.5925	+0.067%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0520%	4h	0.5919	−0.029%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0527%	4h	0.5923	+0.039%	$37.2M	$98.6M	20x	as long as short
Extended PONS-USD	+0.0528%	1h	0.5920	−0.008%	$101K	$811K	5x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.5909	−0.197%	$20K	$292K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5920	−0.006%	$45K	$68K	3x	as long as short
Variational Omni PONSshort	+0.0595%	4h	0.5908	−0.207%	$1.4M	$4.1M	—
KuCoin PONSUSDTM	+0.0636%	4h	0.5921	+0.014%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5929	+0.135%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0724%	4h	0.5921	+0.005%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0744%	4h	0.5925	+0.073%	$17.6M	$31.4M	20x	as long as short
Lighter PONS	+0.0744%	1h	0.5923	+0.044%	$1.6M	$830K	3x	as long as short
BloFin PONS-USDT	+0.0761%	4h	0.5931	+0.174%	$1.7M	$955K	20x	as long as short
Phoenix PONS	+0.1472%	1h	0.5909	−0.201%	$45K	$127K	3x	as long as short