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: Extended against Polymarket Perps+0.034%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)+0.717%+$72 · spread now +0.034%, 7d avg +0.026%
=Together, before fees+0.751%+ Points / potential airdropExtended: Active · farm board+$75 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PONS-USD | 0.6027 | 0.0593 | pay 0.0074% / 1h | 58m 23s | $48K | $1.5M | 3x |
| Short | Extended PONS-USD | 0.6029 | 0.0456 | get 0.0057% / 1h | 58m 23s | $250K | $670K | 5x |
Polymarket Perps PONS-USD
Extended PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Polymarket Perps. 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: +0.034% → +0.026%
- $0.86
- Slippage, 4 orders
- −$48.63
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$89.62
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; Extended: live order book, 5 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 Polymarket Perps live order book, 5 min ago | 3.05 bp | 7.0 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 10.07 bp | 23.6 bp −$24 | 184.6 bp −$1,846 | 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 | −0.197% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.946% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6029 | +0.041% | $20K | $423K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6048 | +0.356% | $1.4M | $3.9M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6068 | +0.694% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6026 | −0.015% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6034 | +0.129% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6036 | +0.158% | $26K | $519K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6058 | +0.524% | $64K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6037 | +0.174% | $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 | +0.0136% | 1h | 0.6033 | +0.110% | $424K | $2.5M | 3x | as long as short |
| Lighter PONS | +0.0176% | 1h | 0.6038 | +0.191% | $1.7M | $871K | 3x | as long as short |
| Aevo PONS-PERP | +0.0192% | 1h | 0.6037 | +0.179% | $376 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0270% | 4h | 0.6017 | −0.158% | $13.8M | $54.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0320% | 4h | 0.6030 | +0.063% | $1.7M | $3.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0372% | 4h | 0.6022 | −0.078% | $4.7M | $11.2M | 20x | as long as short |
| Aster PONSUSDT | +0.0429% | 4h | 0.6028 | +0.018% | $1.1M | $2.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0438% | 4h | 0.6025 | −0.025% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0454% | 4h | 0.6024 | −0.041% | $7.7M | $4.6M | 20x | as long as short |
| Binance PONSUSDT | +0.0455% | 4h | 0.6026 | −0.008% | $39.4M | $93.6M | 20x | as long as short |
| Extended PONS-USDshort | +0.0456% | 1h | 0.6029 | +0.034% | $250K | $670K | 5x | |
| edgeX PONSUSDC | +0.0459% | 4h | 0.6058 | +0.515% | $21K | $293K | 10x | as long as short |
| Bybit PONSUSDT | +0.0533% | 4h | 0.6022 | −0.075% | $18.0M | $30.3M | 20x | as long as short |
| Nado PONS-PERP | +0.0541% | 1h | 0.6029 | +0.041% | $71K | $131K | 5x | as long as short |
| Polymarket Perps PONS-USDlong | +0.0593% | 1h | 0.6027 | long leg | $48K | $1.5M | 3x | |
| Hyperliquid PONS | +0.0596% | 1h | 0.6023 | −0.053% | $61.4M | $27.8M | 3x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.6032 | +0.097% | $48K | $72K | 3x | as long as short |
| Gate PONS_USDT | +0.0856% | 4h | 0.6018 | −0.141% | $5.3M | $6.1M | 20x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6060 | +0.564% | $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