PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0518%/8h= −56.7% APRpaid last 24h −0.095%

Price spread now: gTrade (Gains Network) against Variational Omni−0.371%7-day average −0.152% · you buy dearer than you sell

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

Long on Variational Omni Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.371%, 7d avg −0.152%

Together, before fees+0.165%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and gTrade (Gains Network) is 0.219% cheaper against Variational Omni than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.152%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni PONS	0.5964	0.0548	pay 0.0274% / 4h	1h 05m	$1.4M	$4.1M	—
Short	gTrade (Gains Network) PONS/USD	0.5942	L +0.0032% / S −0.0030%	get 0.0004% / 1h	5m 13s	$243K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.371%Rate

Funding earned: −$108.8
Price spread: −0.371% → −0.152%: −$21.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$142.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 39 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, 4 min ago	6.76 bp	doesn't fit	47.3 bp −$473	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.01 bp	2471.3 bp −$2,471	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/USDshort	L +0.0032% / S −0.0030%	1h	0.5942	−0.371%	$243K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−0.435%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5947	−0.293%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5955	−0.152%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5949	−0.265%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5921	−0.732%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5950	−0.237%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5946	−0.306%	$26K	$581K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5949	−0.252%	$65K	$525K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5949	−0.259%	$1.6M	$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
Lighter RH PONS	+0.0104%	1h	0.5947	−0.293%	$412K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5950	−0.234%	$371	—	3x	as long as short
Hyperliquid PONS	+0.0304%	1h	0.5948	−0.273%	$60.4M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0419%	4h	0.5946	−0.309%	$13.4M	$55.5M	20x	as long as short
Aster PONSUSDT	+0.0465%	4h	0.5957	−0.127%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0488%	1h	0.5949	−0.265%	$102K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0488%	4h	0.5944	−0.343%	$7.7M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0490%	4h	0.5948	−0.279%	$37.4M	$98.0M	20x	as long as short
edgeX PONSUSDC	+0.0500%	4h	0.5918	−0.787%	$20K	$290K	10x	as long as short
Variational Omni PONSlong	+0.0548%	4h	0.5964	long leg	$1.4M	$4.1M	—
Pacifica PONS	+0.0556%	1h	0.5957	−0.122%	$45K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0596%	4h	0.5950	−0.249%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0656%	4h	0.5941	−0.393%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0656%	1h	0.5949	−0.261%	$87K	$1.9M	3x	as long as short
Bybit PONSUSDT	+0.0661%	4h	0.5944	−0.343%	$17.6M	$31.2M	20x	as long as short
Bitget PONSUSDT	+0.0688%	4h	0.5945	−0.328%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0730%	4h	0.5949	−0.259%	$1.7M	$946K	20x	as long as short
Gate PONS_USDT	+0.0732%	4h	0.5952	−0.209%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0896%	1h	0.5948	−0.276%	$1.7M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5918	−0.777%	$45K	$127K	3x	as long as short