Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0501%/8h= +54.9% APRpaid last 24h +0.091%

Price spread now: Polymarket Perps against Aster+0.052%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.411%+$41 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.052%, 7d avg −0.005%

Together, before fees+0.390%+ Points / potential airdropAster: Stage 5 · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Polymarket Perps is 0.057% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6082	0.0270	pay 0.0135% / 4h	3h 20m	$1.1M	$2.1M	20x
Short	Polymarket Perps PONS-USD	0.6085	0.0770	get 0.0096% / 1h	20m 48s	$44K	$1.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aster. 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 AsterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.052%Rate

Funding earned: $105.21
Price spread: +0.052% → −0.005%: $5.7
Slippage, 4 orders: −$17.76
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $77.15
Costs to cover: 0.338%
Break-even: 1.9 days

Slippage from Aster: live order book, 2 min ago; Polymarket Perps: live order book, 3 min ago.

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 Aster live order book, 2 min ago	1.81 bp	8.1 bp −$8	27.4 bp −$274	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.05 bp	6.1 bp −$6	6.6 bp −$66	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 −0.0033%	1h	0.6078	−0.071%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.852%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6085	+0.047%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6084	+0.031%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	−0.002%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6093	+0.187%	$33K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6090	+0.123%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6086	+0.062%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6087	+0.072%	$28K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6100	+0.296%	$65K	$510K	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	0.6085	+0.047%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6087	+0.079%	$379	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0178%	4h	0.6074	−0.133%	$13.9M	$56.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0182%	4h	0.6073	−0.148%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0252%	4h	0.6078	−0.064%	$4.7M	$11.4M	20x	as long as short
Aster PONSUSDTlong	+0.0270%	4h	0.6082	long leg	$1.1M	$2.1M	20x
Binance PONSUSDT	+0.0359%	4h	0.6076	−0.101%	$39.9M	$96.4M	20x	as long as short
Extended PONS-USD	+0.0360%	1h	0.6076	−0.107%	$252K	$678K	5x	as long as short
MEXC PONS_USDT	+0.0360%	4h	0.6076	−0.101%	$7.9M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0383%	4h	0.6091	+0.141%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0392%	1h	0.6087	+0.082%	$1.7M	$933K	3x	as long as short
Bybit PONSUSDT	+0.0597%	4h	0.6073	−0.150%	$18.2M	$30.9M	20x	as long as short
BloFin PONS-USDT	+0.0599%	4h	0.6086	+0.064%	$1.8M	$998K	20x	as long as short
BingX PONS-USDT	+0.0612%	4h	0.6077	−0.084%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0613%	1h	0.6087	+0.080%	$105K	$115K	5x	as long as short
Pacifica PONS	+0.0665%	1h	0.6086	+0.061%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0770%	1h	0.6085	+0.052%	$44K	$1.6M	3x
Gate PONS_USDT	+0.0840%	4h	0.6074	−0.133%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0874%	1h	0.6080	−0.034%	$61.8M	$29.1M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6095	+0.205%	$32K	$113K	3x	as long as short