Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.055%

Price spread now: Polymarket Perps against Binance+0.017%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.017%, 7d avg −0.083%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Polymarket Perps is 0.100% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5898	0.0176	pay 0.0088% / 4h	2h 54m	$38.5M	$98.1M	20x
Short	Polymarket Perps PONS-USD	0.5899	0.0313	get 0.0039% / 1h	54m 23s	$38K	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.017%Rate

Funding earned: $28.93
Price spread: +0.017% → −0.083%: $10.02
Slippage, 4 orders: −$21.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$0.59
Costs to cover: 0.395%
Break-even: 7.1 days

Slippage from Binance: live order book, 3 min ago; Polymarket Perps: live order book, 4 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 Binance live order book, 3 min ago	0.84 bp	13.4 bp −$13	60.8 bp −$608	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.36 bp	7.3 bp −$7	7.5 bp −$75	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 −0.0034%	1h	0.5892	−0.097%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.363%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5901	+0.048%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5891	−0.122%	$17.8M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5894	−0.071%	$13.5M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5896	−0.044%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5897	−0.027%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.531%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	+0.407%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5901	+0.050%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5910	+0.194%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5895	−0.062%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5908	+0.172%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5897	−0.020%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5901	+0.045%	$368	—	3x	as long as short
Lighter RH PONS	+0.0136%	1h	0.5916	+0.302%	$398K	$2.6M	3x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5898	−0.003%	$7.7M	$5.1M	20x	as long as short
Binance PONSUSDTlong	+0.0176%	4h	0.5898	long leg	$38.5M	$98.1M	20x
Extended PONS-USD	+0.0176%	1h	0.5896	−0.043%	$105K	$529K	5x	as long as short
BingX PONS-USDT	+0.0190%	4h	0.5896	−0.037%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0192%	4h	0.5932	+0.574%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0239%	4h	0.5903	+0.078%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USDshort	+0.0313%	1h	0.5899	+0.017%	$38K	$1.8M	3x
Gate PONS_USDT	+0.0358%	4h	0.5895	−0.054%	$5.1M	$6.7M	20x	as long as short
Nado PONS-PERP	+0.0408%	1h	0.5903	+0.083%	$89K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0416%	4h	0.5923	+0.421%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5907	+0.149%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0703%	1h	0.5901	+0.042%	$59.0M	$29.5M	3x	as long as short
Lighter PONS	+0.1088%	1h	0.5916	+0.302%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5931	+0.563%	$27K	$86K	3x	as long as short