Funding you earn now, next payment 03:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h +0.046%
Price spread now: Polymarket Perps against Extended+0.343%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−1.095%−$110 · spread now +0.343%, 7d avg −0.026%
=Together, before fees−1.129%+ Points / potential airdropExtended: Active · farm board−$113 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Polymarket Perps is 0.369% dearer against Extended than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PONS-USD | 0.6006 | 0.0456 | pay 0.0057% / 1h | 57m 52s | $249K | $670K | 5x |
| Short | Polymarket Perps PONS-USD | 0.6027 | 0.0593 | get 0.0074% / 1h | 57m 52s | $48K | $1.5M | 3x |
Extended PONS-USD
Polymarket Perps PONS-USDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $28.85
- Price spread: +0.343% → −0.026%
- $36.91
- Slippage, 4 orders
- −$48.85
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $3.9
- Costs to cover
- 0.619%
- Break-even
- 6.1 days
Slippage from Extended: live order book, 5 min ago; Polymarket Perps: live order book, 1 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, 5 min ago | 10.07 bp | 24.0 bp −$24 | 190.3 bp −$1,903 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 1 min ago | 3.16 bp | 7.2 bp −$7 | 9.5 bp −$95 | doesn't fit | doesn't fit |
PONS on 29 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 −0.0033% | 1h | 0.6015 | +0.145% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.606% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6029 | +0.385% | $20K | $423K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6048 | +0.700% | $1.4M | $3.9M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6068 | +1.039% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6026 | +0.328% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6024 | +0.305% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6019 | +0.219% | $26K | $518K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6039 | +0.548% | $64K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6009 | +0.052% | $1.6M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0128% | 1h | 0.6022 | +0.267% | $423K | $2.5M | 3x | as long as short |
| Lighter PONS | +0.0152% | 1h | 0.6024 | +0.302% | $1.7M | $871K | 3x | as long as short |
| Aevo PONS-PERP | +0.0192% | 1h | 0.6019 | +0.227% | $375 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0270% | 4h | 0.5999 | −0.114% | $13.8M | $54.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0320% | 4h | 0.6008 | +0.040% | $1.7M | $3.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0372% | 4h | 0.6008 | +0.039% | $4.7M | $11.2M | 20x | as long as short |
| Aster PONSUSDT | +0.0429% | 4h | 0.6014 | +0.143% | $1.1M | $2.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0438% | 4h | 0.6005 | −0.015% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0454% | 4h | 0.6007 | +0.019% | $7.7M | $4.6M | 20x | as long as short |
| Binance PONSUSDT | +0.0455% | 4h | 0.6003 | −0.048% | $39.3M | $93.6M | 20x | as long as short |
| Extended PONS-USDlong | +0.0456% | 1h | 0.6006 | long leg | $249K | $670K | 5x | |
| edgeX PONSUSDC | +0.0459% | 4h | 0.6058 | +0.860% | $21K | $293K | 10x | as long as short |
| Bybit PONSUSDT | +0.0533% | 4h | 0.6002 | −0.065% | $17.9M | $30.3M | 20x | as long as short |
| Nado PONS-PERP | +0.0541% | 1h | 0.6029 | +0.385% | $71K | $131K | 5x | as long as short |
| Hyperliquid PONS | +0.0559% | 1h | 0.6012 | +0.100% | $61.3M | $27.8M | 3x | as long as short |
| Polymarket Perps PONS-USDshort | +0.0593% | 1h | 0.6027 | +0.343% | $48K | $1.5M | 3x | |
| Pacifica PONS | +0.0755% | 1h | 0.6032 | +0.441% | $48K | $72K | 3x | as long as short |
| Gate PONS_USDT | +0.0856% | 4h | 0.6006 | +0.002% | $5.3M | $6.1M | 20x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6060 | +0.910% | $31K | $98K | 3x | as long as short |
Lighter RH PONS
Lighter PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
BingX PONS-USDT
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Bybit PONSUSDT
Nado PONS-PERP
Hyperliquid PONS
Pacifica PONS
Gate PONS_USDT
Phoenix PONS