PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0716%/8h= +78.4% APRnext payment +$0.89 per $10,000 · paid last 24h +0.158%

Price spread now: Polymarket Perps against Injective+2.583%111s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Polymarket Perps is 2.583% dearer against Injective than usual: you sell high and buy low: +$258 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5969	−0.0047	get 0.0006% / 1h	29m 28s	$614	$10K	5.5x
Short	Polymarket Perps PONS-USD	0.6124	0.0668	get 0.0084% / 1h	29m 28s	$42K	$1.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Injective. 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 InjectivebpFee Polymarket PerpsbpOrdersPrice spread, now +2.583%Rate

Funding earned: $150.26
Price spread: +2.583% → 0.000%: $258.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $400.56
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 4 min ago	0.82 bp	5.4 bp −$5	6.4 bp −$64	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective PONS/USDC PERPlong	−0.0047%	1h	0.5969	long leg	$614	$10K	5.5x
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6118	+2.487%	$242K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6123	+2.568%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6124	+2.588%	$20K	$439K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6124	+2.581%	$88K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6121	+2.538%	$18.5M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6121	+2.538%	$14.0M	$58.1M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6124	+2.593%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6127	+2.638%	$34K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6130	+2.695%	$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	0.6128	+2.650%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6128	+2.650%	$28K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6136	+2.781%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6129	+2.672%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0120%	4h	0.6119	+2.509%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0144%	4h	0.6123	+2.571%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6127	+2.640%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0163%	4h	0.6123	+2.577%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0240%	1h	0.6123	+2.570%	$1.7M	$922K	3x	as long as short
MEXC PONS_USDT	+0.0302%	4h	0.6124	+2.588%	$8.1M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0304%	4h	0.6123	+2.566%	$40.1M	$98.7M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6124	+2.583%	$253K	$682K	5x	as long as short
BingX PONS-USDT	+0.0308%	4h	0.6122	+2.555%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0313%	4h	0.6129	+2.666%	$21K	$294K	10x	as long as short
BloFin PONS-USDT	+0.0545%	4h	0.6130	+2.689%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USDshort	+0.0668%	1h	0.6124	+2.583%	$42K	$1.7M	3x
Pacifica PONS	+0.0899%	1h	0.6124	+2.580%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0902%	1h	0.6125	+2.602%	$62.2M	$30.4M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6126	+2.620%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2312%	4h	0.6118	+2.488%	$5.4M	$6.3M	20x	as long as short