PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0375%/8h= +41.1% APRnext payment +$0.47 per $10,000 · paid last 24h +0.142%

Price spread now: Polymarket Perps against SoDEX+0.050%7-day average +0.003% · 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−$146as in the Price arb table

costs, in and out, $10k−$1511.510% of the position

Long on SoDEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.463%+$46 on $10k

Price spread, last 3 days (all we have)−0.298%−$30 · spread now +0.050%, 7d avg +0.003%

Together, before fees+0.165%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Polymarket Perps is 0.047% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.5941	0.0100	pay 0.0013% / 1h	32m 57s	$27K	$548K	3x
Short	Polymarket Perps PONS-USD	0.5944	0.0475	get 0.0059% / 1h	32m 57s	$37K	$1.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SoDEX. 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 SoDEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.050%Rate

Funding earned: $78.81
Price spread: +0.050% → +0.003%: $4.74
Slippage, 4 orders: −$135.01
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$67.46
Costs to cover: 1.510%
Break-even: 13.0 days

Slippage from SoDEX: live order book, 51 min ago; Polymarket Perps: live order book, 6 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 SoDEX live order book, 51 min ago	1.02 bp	64.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.76 bp	6.8 bp −$7	7.7 bp −$77	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 −0.0034%	1h	0.5940	−0.011%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.483%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5943	+0.037%	$17K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5933	−0.131%	$17.7M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5936	−0.081%	$13.4M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5937	−0.059%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5935	−0.093%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5955	+0.244%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5946	+0.088%	$34K	$346K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5944	+0.054%	$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	0.5949	+0.131%	—	$1.4M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.5941	long leg	$27K	$548K	3x
HTX PONS-USDT	+0.0100%	4h	0.5946	+0.081%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5940	−0.013%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5926	−0.245%	$369	—	3x	as long as short
Aster PONSUSDT	+0.0132%	4h	0.5937	−0.069%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5937	−0.065%	$247K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0168%	4h	0.5937	−0.064%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0169%	4h	0.5939	−0.030%	$38.6M	$97.7M	20x	as long as short
edgeX PONSUSDC	+0.0179%	4h	0.5947	+0.103%	$21K	$293K	10x	as long as short
BingX PONS-USDT	+0.0188%	4h	0.5935	−0.098%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0222%	1h	0.5943	+0.037%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0352%	1h	0.5941	+0.002%	$416K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0409%	4h	0.5939	−0.030%	$1.7M	$974K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5945	+0.069%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0475%	1h	0.5944	+0.050%	$37K	$1.7M	3x
Hyperliquid PONS	+0.0632%	1h	0.5942	+0.025%	$59.9M	$30.0M	3x	as long as short
Lighter PONS	+0.0760%	1h	0.5941	+0.012%	$1.7M	$995K	3x	as long as short
Gate PONS_USDT	+0.1286%	4h	0.5935	−0.098%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5976	+0.587%	$30K	$96K	3x	as long as short