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Funding arb /

PONS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 19:00 UTC−0.0447%/8h
paid, last 24h−0.052%paid, last 7 days−0.076%to open and close $10k−$64
Long on Polymarket PerpsShort on Gate
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps PONS-USD0.58280.0441pay 0.0055% / 1h42m 03s$68K$1.8M3x
ShortGate PONS_USDT0.5833−0.0006pay 0.0003% / 4h1h 42m$5.2M$7.2M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$93.95
Slippage, 4 orders
−$40.77
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$157.72
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Gate: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.091%
Avg gap 7d
+0.016%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 3 min ago2.31 bp6.3 bp −$66.5 bp −$65doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago1.71 bp23.6 bp −$2462.4 bp −$624doesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PONS_USDTshort−0.0006%4h$5.2M$7.2M20x
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0032%1h$211K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$3K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$20K$511K20xas long as short
Nado PONS-PERP+0.0100%1h$72K$94K5xas long as short
Hyperliquid PONS+0.0100%1h$58.0M$29.9M3xas long as short
Aster PONSUSDT+0.0100%4h$1.1M$2.1M20xas long as short
Bybit PONSUSDT+0.0100%4h$17.0M$31.2M20xas long as short
KuCoin PONSUSDTM+0.0100%4h$1.7M$3.5M20xas long as short
Variational Omni PONS+0.0100%4h$1.3M$4.1M—as long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
ApeX Omni PONSUSDT+0.0100%1h$28K$316K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$3K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h$26K$533K3xas long as short
HTX PONS-USDT+0.0100%4h$62K$499K20xas long as short
Phemex PONSUSDT+0.0100%4h$1.7M$3.3M20xas long as short
Bitget PONSUSDT+0.0132%4h$4.6M$11.6M20xas long as short
Aevo PONS-PERP+0.0152%1h$363—3xas long as short
OKX PONS-USDT-SWAP+0.0155%4h$13.0M$55.9M20xas long as short
Pacifica PONS+0.0157%1h$46K$119K3xas long as short
Extended PONS-USD+0.0272%1h$87K$542K5xas long as short
Binance PONSUSDT+0.0275%4h$37.6M$99.5M20xas long as short
MEXC PONS_USDT+0.0282%4h$7.0M$5.3M20xas long as short
edgeX PONSUSDC+0.0292%4h$20K$294K10xas long as short
BingX PONS-USDT+0.0294%4h—$3.3M—as long as short
Polymarket Perps PONS-USDlong+0.0441%1h$68K$1.8M3x
BloFin PONS-USDT+0.0522%4h$1.7M$978K20xas long as short
Lighter RH PONS+0.0528%1h$417K$2.4M3xas long as short
Lighter PONS+0.1008%1h$1.7M$867K3xas long as short
Phoenix PONS+0.1299%1h$24K$70K3xas long as short