PONS

Alert

Funding spread now, next payment 15:00 UTC+0.0326%/8h

next payment, per $10,000+$0.41paid, last 24h+0.191%paid, last 4 days+0.711%to open and closeno order book

Long on Injective Short on Polymarket Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5738	0.0033	pay 0.0004% / 1h	48m 35s	$590	$15K	5.5x
Short	Polymarket Perps PONS-USD	0.6339	0.0359	get 0.0045% / 1h	48m 35s	$64K	$1.7M	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Polymarket PerpsbpOrdersRate

Funding earned: $68.48
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: $60.46
Break-even: 0.8 days

Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +10.467%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 2 min ago	1.26 bp	7.1 bp −$7	8.5 bp −$85	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni PONSUSDT	−0.0047%	1h	$40K	$320K	5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	$226K	—	150x	as long as short
Injective PONS/USDC PERPlong	+0.0033%	1h	$590	$15K	5.5x
Popdex PONSUSDT	+0.0096%	1h	$20K	$470K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	$2K	$2K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	$29K	$466K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	$66K	$492K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
Lighter RH PONS	+0.0200%	1h	$450K	$2.2M	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0238%	4h	$15.2M	$56.6M	20x	as long as short
Aevo PONS-PERP	+0.0256%	1h	$395	—	3x	as long as short
Polymarket Perps PONS-USDshort	+0.0359%	1h	$64K	$1.7M	3x
Aster PONSUSDT	+0.0417%	4h	$1.1M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0542%	4h	$1.8M	$3.3M	—	as long as short
Nado PONS-PERP	+0.0554%	1h	$116K	$67K	5x	as long as short
KuCoin PONSUSDTM	+0.0580%	4h	$2.3M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0684%	4h	$20.2M	$26.1M	20x	as long as short
Binance PONSUSDT	+0.0689%	4h	$42.8M	$92.5M	20x	as long as short
MEXC PONS_USDT	+0.0694%	4h	$8.2M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0696%	1h	$161K	$464K	5x	as long as short
edgeX PONSUSDC	+0.0710%	4h	$22K	$288K	10x	as long as short
BingX PONS-USDT	+0.0730%	4h	—	$2.9M	—	as long as short
Bitget PONSUSDT	+0.0752%	4h	$5.0M	$10.3M	20x	as long as short
Lighter PONS	+0.0760%	1h	$1.8M	$729K	3x	as long as short
Pacifica PONS	+0.0858%	1h	$49K	$176K	3x	as long as short
BloFin PONS-USDT	+0.0935%	4h	$1.9M	$904K	20x	as long as short
Hyperliquid PONS	+0.1009%	1h	$64.4M	$25.3M	3x	as long as short
Gate PONS_USDT	+0.1166%	4h	$5.7M	$7.0M	20x	as long as short
Phoenix PONS	+0.1767%	1h	$26K	$45K	3x	as long as short