PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0268%/8h= +29.3% APRnext payment +$1.34 per $10,000 · paid last 24h +0.054%

Price spread now: BingX against Variational Omni+0.180%7-day average −0.003% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.362%+$36 on $10k

Price spread, last 4 days (all we have)−0.462%−$46 · spread now +0.180%, 7d avg −0.003%

Together, before fees−0.101%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.183% dearer against Variational Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.003%.

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	BingX PONS-USDT	0.5861	0.0888	get 0.0444% / 4h	2h 16m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BingXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $56.23
Price spread: +0.180% → −0.003%: $18.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $64.53
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BingX: live order book, 4 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, 3 min ago	4.25 bp	doesn't fit	40.0 bp −$400	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	1.70 bp	9.1 bp −$9	28.8 bp −$288	130.4 bp −$13.0K	931.9 bp −$466.0K

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	0.5851	+0.008%	$232K	—	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	0.5876	+0.436%	$416K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5857	+0.112%	$21K	$438K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5871	+0.349%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5857	+0.117%	$68K	$131K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5861	+0.180%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5866	+0.260%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5878	+0.467%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5863	+0.209%	$25K	$587K	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	0.5871	+0.354%	$64K	$526K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5855	+0.077%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0197%	1h	0.5863	+0.217%	$59.5M	$29.6M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5875	+0.421%	$366	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0394%	4h	0.5865	+0.248%	$13.3M	$55.5M	20x	as long as short
Aster PONSUSDT	+0.0469%	4h	0.5863	+0.218%	$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	0.5861	+0.172%	$100K	$814K	5x	as long as short
Binance PONSUSDT	+0.0593%	4h	0.5861	+0.180%	$37.2M	$98.6M	20x	as long as short
MEXC PONS_USDT	+0.0594%	4h	0.5862	+0.197%	$7.5M	$4.8M	20x	as long as short
Bitget PONSUSDT	+0.0604%	4h	0.5862	+0.197%	$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	+0.0680%	1h	0.5865	+0.253%	$1.6M	$937K	3x	as long as short
KuCoin PONSUSDTM	+0.0698%	4h	0.5865	+0.240%	$1.6M	$3.8M	20x	as long as short
Pacifica PONS	+0.0715%	1h	0.5880	+0.502%	$45K	$69K	3x	as long as short
Polymarket Perps PONS-USD	+0.0729%	1h	0.5863	+0.211%	$108K	$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-USDTshort	+0.0888%	4h	0.5861	+0.180%	—	$3.0M	—
Bybit PONSUSDT	+0.0956%	4h	0.5863	+0.214%	$17.5M	$31.6M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5849	−0.030%	$44K	$121K	3x	as long as short