PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0708%/8h= +77.5% APRnext payment +$0.88 per $10,000 · paid last 24h +0.169%

Price spread now: Polymarket Perps against gTrade (Gains Network)+0.171%7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,601as in the Price arb table

costs, in and out, $10k−$4,60346.030% of the position

Long on gTrade (Gains Network)Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.248%+$25 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.171%, 7d avg +0.150%

Together, before fees+0.245%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Polymarket Perps is 0.021% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5857	L +0.0033% / S −0.0032%	pay 0.0004% / 1h	20m 29s	$233K	—	150x
Short	Polymarket Perps PONS-USD	0.5867	0.0741	get 0.0093% / 1h	20m 29s	$110K	$1.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Polymarket PerpsbpOrdersPrice spread, now +0.171%Rate

Funding earned: $148.67
Price spread: +0.171% → +0.150%: $2.13
Slippage, 4 orders: −$4,583.05
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$4,452.25
Costs to cover: 46.030%
Break-even: 216.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 29 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 gTrade (Gains Network) virtual book (oracle venue), 29 min ago	130.01 bp	2119.4 bp −$2,119	16868.4 bp −$168.7K	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.24 bp	6.3 bp −$6	9.1 bp −$91	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/USDlong	L +0.0033% / S −0.0032%	1h	0.5857	long leg	$233K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.913%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5862	+0.081%	$417K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5866	+0.146%	$18K	$437K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5871	+0.238%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5866	+0.141%	$69K	$131K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5866	+0.146%	$5.2M	$6.4M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5804	−0.908%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5848	−0.162%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5848	−0.162%	$25K	$582K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5856	−0.020%	$64K	$525K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5851	−0.110%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0216%	1h	0.5866	+0.144%	$59.7M	$29.4M	3x	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.5850	−0.119%	$364	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0387%	4h	0.5864	+0.111%	$13.3M	$55.5M	20x	as long as short
Aster PONSUSDT	+0.0460%	4h	0.5859	+0.035%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0588%	4h	0.5868	+0.180%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0588%	4h	0.5870	+0.214%	$37.3M	$98.4M	20x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5867	+0.155%	$100K	$817K	5x	as long as short
Bitget PONSUSDT	+0.0598%	4h	0.5870	+0.216%	$4.6M	$12.1M	20x	as long as short
edgeX PONSUSDC	+0.0602%	4h	0.5804	−0.910%	$20K	$295K	10x	as long as short
Lighter PONS	+0.0608%	1h	0.5865	+0.129%	$1.6M	$935K	3x	as long as short
Variational Omni PONS	+0.0620%	4h	0.5850	−0.119%	$1.3M	$4.1M	—	as long as short
Pacifica PONS	+0.0715%	1h	0.5867	+0.164%	$45K	$69K	3x	as long as short
KuCoin PONSUSDTM	+0.0716%	4h	0.5867	+0.161%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USDshort	+0.0741%	1h	0.5867	+0.171%	$110K	$1.9M	3x
BloFin PONS-USDT	+0.0828%	4h	0.5850	−0.128%	$1.7M	$935K	20x	as long as short
BingX PONS-USDT	+0.0894%	4h	0.5869	+0.197%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0918%	4h	0.5866	+0.146%	$17.6M	$31.6M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5822	−0.600%	$44K	$121K	3x	as long as short