PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.038%

Price spread now: edgeX against Variational Omni−0.118%59s7-day average 0.000% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.202%+$20 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.118%, 7d avg 0.000%

Together, before fees+0.315%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.118% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of 0.000%). If the spread goes back, that is −$12 on $10k: about 4.4 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.202% in total) that is about 2.1 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PONS	0.6223	0.0532	pay 0.0266% / 4h	3h 48m	$1.6M	$4.3M	—
Short	edgeX PONSUSDC	0.6216	0.0621	get 0.0311% / 4h	3h 48m	$20K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $18.68
Price spread: −0.118% → 0.000%: −$11.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$2.17
Costs to cover: 0.090%
Break-even: 7.8 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; edgeX: live order book, 49 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, 1 min ago	5.65 bp	doesn't fit	52.4 bp −$524	doesn't fit	doesn't fit
Sell edgeX live order book, 49 min ago	12.06 bp	20.7 bp −$21	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	0.6180	−0.696%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.571%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6211	−0.192%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6205	−0.281%	$73K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6214	−0.144%	$31K	$294K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6196	−0.433%	$72K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6191	−0.511%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6186	−0.596%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6181	−0.666%	$26K	$614K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6194	−0.466%	$66K	$528K	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	0.6181	−0.674%	$1.7M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0176%	1h	0.6185	−0.618%	$421K	$2.7M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6187	−0.578%	$385	—	3x	as long as short
Hyperliquid PONS	+0.0332%	1h	0.6179	−0.713%	$63.2M	$30.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0387%	4h	0.6213	−0.160%	$14.1M	$61.0M	20x	as long as short
Aster PONSUSDT	+0.0429%	4h	0.6189	−0.551%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0480%	4h	0.6183	−0.641%	$1.6M	$4.0M	20x	as long as short
Variational Omni PONSlong	+0.0532%	4h	0.6223	long leg	$1.6M	$4.3M	—
Extended PONS-USD	+0.0616%	1h	0.6186	−0.597%	$104K	$828K	5x	as long as short
Binance PONSUSDT	+0.0617%	4h	0.6196	−0.430%	$40.6M	$104.4M	20x	as long as short
MEXC PONS_USDT	+0.0618%	4h	0.6189	−0.546%	$7.9M	$4.6M	20x	as long as short
edgeX PONSUSDCshort	+0.0621%	4h	0.6216	−0.118%	$20K	$291K	10x
Bitget PONSUSDT	+0.0694%	4h	0.6215	−0.127%	$4.9M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6185	−0.613%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0859%	4h	0.6201	−0.353%	$1.8M	$1.1M	20x	as long as short
Gate PONS_USDT	+0.0870%	4h	0.6185	−0.610%	$5.4M	$6.3M	20x	as long as short
Lighter PONS	+0.0952%	1h	0.6186	−0.588%	$1.7M	$867K	3x	as long as short
Bybit PONSUSDT	+0.1135%	4h	0.6216	−0.112%	$18.7M	$33.2M	20x	as long as short
BingX PONS-USDT	+0.1230%	4h	0.6195	−0.450%	—	$3.3M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6194	−0.472%	$47K	$159K	3x	as long as short