PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.23 per $10,000 · paid last 24h +0.048%

Price spread now: Polymarket Perps against Extended−0.064%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Extended Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−1.665%−$167 · spread now −0.064%, 7d avg −0.033%

Together, before fees−1.729%+ Points / potential airdropExtended: Active · farm board−$173 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.030% cheaper against Extended than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.033%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.5908	0.0168	pay 0.0021% / 1h	50m 49s	$105K	$529K	5x
Short	Polymarket Perps PONS-USD	0.5905	0.0356	get 0.0044% / 1h	50m 49s	$38K	$1.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Extended. 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 ExtendedbpFee Polymarket PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: $39.45
Price spread: −0.064% → −0.033%: −$3.02
Slippage, 4 orders: −$55.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.69
Costs to cover: 0.681%
Break-even: 12.6 days

Slippage from Extended: live order book, 37 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 Extended live order book, 37 min ago	11.93 bp	27.3 bp −$27	140.2 bp −$1,402	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.79 bp	6.8 bp −$7	7.0 bp −$70	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	0.5903	−0.087%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.189%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5905	−0.058%	$21K	$458K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5899	−0.160%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5900	−0.143%	$13.5M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5901	−0.118%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5901	−0.126%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.356%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5919	+0.185%	$34K	$327K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5909	+0.011%	$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	0.5908	−0.011%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5905	−0.053%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5925	+0.275%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5905	−0.058%	$1.7M	$3.3M	20x	as long as short
Lighter RH PONS	+0.0120%	1h	0.5902	−0.111%	$397K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5906	−0.044%	$368	—	3x	as long as short
MEXC PONS_USDT	+0.0166%	4h	0.5901	−0.126%	$7.7M	$5.1M	20x	as long as short
Binance PONSUSDT	+0.0166%	4h	0.5901	−0.126%	$38.5M	$98.1M	20x	as long as short
Extended PONS-USDlong	+0.0168%	1h	0.5908	long leg	$105K	$529K	5x
edgeX PONSUSDC	+0.0189%	4h	0.5914	+0.086%	$21K	$293K	10x	as long as short
BingX PONS-USDT	+0.0190%	4h	0.5900	−0.143%	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.0225%	4h	0.5902	−0.104%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0337%	1h	0.5904	−0.071%	$89K	$103K	5x	as long as short
Polymarket Perps PONS-USDshort	+0.0356%	1h	0.5905	−0.064%	$38K	$1.8M	3x
BloFin PONS-USDT	+0.0406%	4h	0.5911	+0.043%	$1.7M	$982K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5901	−0.131%	$47K	$102K	3x	as long as short
Gate PONS_USDT	+0.0480%	4h	0.5896	−0.211%	$5.2M	$6.7M	20x	as long as short
Hyperliquid PONS	+0.0728%	1h	0.5900	−0.140%	$59.1M	$29.6M	3x	as long as short
Lighter PONS	+0.0944%	1h	0.5907	−0.030%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5921	+0.209%	$27K	$86K	3x	as long as short