Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.045%

Price spread now: Polymarket Perps against edgeX−0.195%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.195%, 7d avg +0.008%

Together, before fees+0.242%+ Points / potential airdropedgeX: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.204% cheaper against edgeX than usual: you would sell low and buy high (spread −0.195% now, against its 7-day average of +0.008%). If the spread goes back, that is −$20 on $10k: about 3.8 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.044% in total) that is about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.5883	0.0167	pay 0.0084% / 4h	2h 47m	$21K	$294K	10x
Short	Polymarket Perps PONS-USD	0.5872	0.0345	get 0.0043% / 1h	47m 18s	$38K	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.195%Rate

Funding earned: $37.2
Price spread: −0.195% → +0.008%: −$20.39
Slippage, 4 orders: −$38.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$38.33
Costs to cover: 0.551%
Break-even: 14.2 days

Slippage from edgeX: live order book, 40 min ago; Polymarket Perps: live order book, 1 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 edgeX live order book, 40 min ago	11.84 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.13 bp	7.6 bp −$8	7.9 bp −$79	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	0.5871	−0.215%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.615%	$609	$6K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5877	−0.102%	$395K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5873	−0.177%	$21K	$454K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5868	−0.262%	$17.7M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5870	−0.228%	$13.5M	$55.5M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5872	−0.192%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5873	−0.173%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5902	+0.308%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5913	+0.507%	$34K	$327K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5879	−0.066%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5871	−0.211%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5872	−0.197%	$27K	$536K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5886	+0.043%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5876	−0.126%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5873	−0.177%	$366	—	3x	as long as short
Extended PONS-USD	+0.0152%	1h	0.5873	−0.185%	$105K	$528K	5x	as long as short
MEXC PONS_USDT	+0.0154%	4h	0.5873	−0.177%	$7.6M	$5.1M	20x	as long as short
Binance PONSUSDT	+0.0156%	4h	0.5874	−0.167%	$38.2M	$98.0M	20x	as long as short
edgeX PONSUSDClong	+0.0167%	4h	0.5883	long leg	$21K	$294K	10x
BingX PONS-USDT	+0.0172%	4h	0.5874	−0.160%	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.0210%	4h	0.5870	−0.222%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0218%	1h	0.5871	−0.205%	$89K	$103K	5x	as long as short
Polymarket Perps PONS-USDshort	+0.0345%	1h	0.5872	−0.195%	$38K	$1.8M	3x
Gate PONS_USDT	+0.0376%	4h	0.5873	−0.177%	$5.1M	$6.8M	20x	as long as short
BloFin PONS-USDT	+0.0396%	4h	0.5878	−0.092%	$1.7M	$962K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5874	−0.156%	$46K	$102K	3x	as long as short
Hyperliquid PONS	+0.0628%	1h	0.5872	−0.195%	$58.7M	$29.8M	3x	as long as short
Lighter PONS	+0.0656%	1h	0.5878	−0.090%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5909	+0.444%	$27K	$86K	3x	as long as short