PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0764%/8h= +83.6% APRnext payment +$0.95 per $10,000 · paid last 24h +0.140%

Price spread now: Polymarket Perps against Popdex−0.008%7-day average −0.059% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2132.128% of the position

Long on Popdex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.524%+$52 on $10k

Price spread, last 4 days (all we have)−2.543%−$254 · spread now −0.008%, 7d avg −0.059%

Together, before fees−2.019%−$202 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Polymarket Perps is 0.051% dearer against Popdex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.6005	0.0096	pay 0.0012% / 1h	59m 35s	$21K	$435K	20x
Short	Polymarket Perps PONS-USD	0.6005	0.0860	get 0.0107% / 1h	59m 35s	$71K	$1.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Popdex. 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 PopdexbpFee Polymarket PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: $160.39
Price spread: −0.008% → −0.059%: $5.1
Slippage, 4 orders: −$198.43
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$47.35
Costs to cover: 2.128%
Break-even: 9.1 days

Slippage from Popdex: live order book, 59 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 Popdex live order book, 59 min ago	8.41 bp	109.9 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.16 bp	6.7 bp −$7	8.5 bp −$85	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 +0.0033% / S −0.0032%	1h	0.5997	−0.142%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.591%	$614	$10K	5.5x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.6005	long leg	$21K	$435K	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.6025	+0.340%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6010	+0.090%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6001	−0.073%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6005	+0.005%	$26K	$538K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6016	+0.175%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6009	+0.067%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6007	+0.025%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PONS-PERP	+0.0295%	1h	0.6002	−0.050%	$70K	$129K	5x	as long as short
Variational Omni PONS	+0.0303%	4h	0.6008	+0.049%	$1.4M	$3.9M	—	as long as short
OKX PONS-USDT-SWAP	+0.0320%	4h	0.6001	−0.067%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0376%	1h	0.6002	−0.052%	$1.6M	$890K	3x	as long as short
Aster PONSUSDT	+0.0448%	4h	0.6000	−0.078%	$1.1M	$2.1M	20x	as long as short
Lighter RH PONS	+0.0448%	1h	0.6002	−0.052%	$412K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0482%	4h	0.5999	−0.100%	$5.2M	$6.1M	20x	as long as short
Bitget PONSUSDT	+0.0490%	4h	0.6004	−0.018%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0502%	4h	0.6002	−0.050%	$17.9M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6004	−0.017%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0600%	1h	0.6001	−0.070%	$108K	$813K	5x	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.6002	−0.050%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0602%	4h	0.6002	−0.043%	$39.3M	$95.3M	20x	as long as short
edgeX PONSUSDC	+0.0606%	4h	0.6012	+0.110%	$18K	$293K	10x	as long as short
Hyperliquid PONS	+0.0658%	1h	0.6002	−0.050%	$61.3M	$28.4M	3x	as long as short
KuCoin PONSUSDTM	+0.0694%	4h	0.6002	−0.050%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0842%	4h	0.6015	+0.167%	$1.8M	$958K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6001	−0.062%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0860%	1h	0.6005	−0.008%	$71K	$1.6M	3x
Phoenix PONS	+0.1736%	1h	0.6006	+0.022%	$35K	$104K	3x	as long as short